g PORT ECONOMICS fact that the stevedores’ charges are standardized and sanctioned by the authority which issues the licences. From the traders’ point of view complete freedom of action is perhaps a desideratum, but it may lose certain substantial benefits associated with official supervision and control. Many steamship companies, more particularly those running regular lines between certain ports, find it a convenient and economical arrangement to have their own staffs of stevedores and gangs of labourers, and these work in complete independence of the port establishment. CARGO ! It is desirable at this point to make some remarks on the subject of cargo, its nature, composition and character- istics. The term Cargo is very comprehensive: in a general way, it applies to merchandise of whatever kind, whether natural produce or manufactured articles, which is transported overseas. It does not include passengers’ baggage, ships’ stores, fuel for ships’ engines, or ballast. The term Freight is sometimes used as a synonym, but freight can be applied in a wider sense to cover goods transported by rail as well as by water. While it would be difficult to make a clear and definite classification of cargo, it may be, and is, broadly divided into two divisions, with distinct characteristics. These are— (a) Bulk Cargo, or cargo in bulk, consisting of material which is handled in mass, and comprising grain, coal, oil, ore, etc. (b) General Cargo, or goods which are packed and handled in unit containers: such as bags, crates, cases, barrels, drums, cans, etc. The distinction between the two classes is important, as it leads to fundamental differences of treatment at ports, and in the equipment for handling it. 1 For a more complete account of cargo handling operations, see the Author’s Cargo Handling at Ports. A