CUNARD-WHITE STAR.
£23,000,000 Combine for Atlantic
Trading.
SHIPBUILDING PLANS
(Received 11.30 a.m.)
LONDON, December 14.
The new company, formed by the merger of the Cunard and White Star Lines for the Atlantic trade, will control £23,000,000 of capital and 750,000 tons of shipping, with a staff of "35,000 ashore and afloat.
The "Daily Telegraph" states that the Treasury is prepared to-guarantee £6,000,000, which suggests that the building of a sister ship to the giant Cunarder at present on the stocks at Clydebank- will also be financed, as the work remaining to be done on the latter will be at the most £4,000,000.
The undertaking will afford employment directly for 3000 men, and indirectly to 10,000 more.
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https://paperspast.natlib.govt.nz/newspapers/AS19331215.2.71
Bibliographic details
Auckland Star, Volume LXIV, Issue 296, 15 December 1933, Page 7
Word Count
116CUNARD-WHITE STAR. Auckland Star, Volume LXIV, Issue 296, 15 December 1933, Page 7
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