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Economy, and the Public Accounts: Marine

Salvage Losses, in Marine Insurance, are where the goods are saved, and sold short of their destination, being unfit for reshipment. Scire Facias, Eng., a writ calling a man to show cause why the execution of a judgment should not be made out.

Scrip, a Stock Exchange abbreviation of the term subscription, applied to stocks given in exchange for a loan until all the instalments are paid. Sea-worthiness, in Marine Insurance, implies that the ship shall be "stout, staunch, and strong for the voyage, well and sufficiently rigged, and found with a proper master and crew."

Seignorage, the profit derived by a government from issuing coins at a rate higher than their intrinsic value.

Sequestration, the Scottish process by which the effects of a bankrupt are realized and divided among his creditors.

Set-off, the concurrence of two liquid debts reciprocally due made to operate as payment from the moment of concourse. Ships' Papers for manifestation, comprise generally the certificate of registry, charter party, bills of lading, muster-roll of crew, log-book, and bill of health. Short Interest. - See Policy.