The ship's magnetic compass even if corrected is feasible to indicate the erroneous information due to the change of this ship's magnetism. But if the north-seeking sensor of the transmitting magnetic compass system is located where the effect of the ship's magnetism is the least , that problem is expected to be removed. In this paper, as a basic research to enhance the accuracy and the stability of the ship's magnetic compass by placing the north-seeking sensor at the adequate location, the theoretical model for the overall ship's magnetism were studied from the macroscopic viewpoint, The parameters of the theoretical model were determined by the least square method on the assumption that the overall magnetism of a ship can be regarded as that of the prolate spheroidal magnetic body. The agreement between the modelled and the observed values was found to be good.

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