ADMINISTRATION 175 



experience has proved that the individual and 

 associated methods of doing business have 

 nowhere been more happily combined than 

 they are at Lloyd's to-day, and that this special 

 form of combination suits both parties in a 

 shipping risk better than any other known. 



Canadian shipping has often resented Lloyd's 

 high rates against the St Lawrence route, and 

 threatened to establish a Lloyd's of its own. 

 Yet, on the whole, the original Lloyd's is the 

 fairest, the soundest, and incomparably the 

 most expert association of its kind the world has 

 ever seen. 



Business administration in marine affairs 

 is complex enough. Lloyd's alone is not the 

 subject of one text-book, nor of several, but of 

 a regular and constantly increasing library. 

 What, then, can usefully be said in a very few 

 words about the still more complex affairs of 

 government administration ? The bare enu- 

 meration of the duties performed by a single 

 branch of the department of Marine and 

 Fisheries in Canada will give some faint idea of 

 what the whole department does. There are 

 Naval, Fisheries, and Marine branches, each 

 with sub-branches of its own. Among the 

 duties of the Marine branch are the following : 

 the construction of lighthouses and fog-alarms, 



