PAPERSPAST

IMMENSE COMBINE.

SHIPPING COMPANIES AMALGAMATION , CHEQUE FOR £5,000,000.

By Telegrapli.—Prcss Association,— Copyrighlf (Received April 19, 10.30 a.m.) LONDON, 18th April. The Rty-al Mail Steam Packet Cora* pany handed to' Donald Currie and Ctx, (the Union-Castle Line) a, cheque for, over £5,000,000 in connection wiUi the transfer of the Union Castle Company 1 ! shares, which is the second largest OQ record. It was stated by The Times on IBUI December last that, subject to ratification by the shareholders, the Royal' Mml Steam Packet Company and th& Elder-Dempster Company would acquire all the Unlon-Castle Line's ordinary, shares. The Time* added that tho com. names are interested in a scheme for the biggest combination of shipping interests in tho world. The Financial 1 Times commenting upon f.he scheme, said that the Cape will become a more important entrepot for over«eu« tyudilte* and possibly will ultimately be one ,0? the worlds clearing houses. Ono nvmediate result of the scheme would bo to bring Australia and South Africa closer together.

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