SHIPPING COMBINE

Dominion, Volume 7, Issue 2157, 25 May 1914, Page 5

SHIPPING COMBINE

P. AND 0. AP BlilTlSH INpIA -; COMMS AMALGAMATION SCHEME By Tolisgrapii--Ttgs? Arawjraticxß-CiDyrJc'W London, Slay 22. It is officially aWlowwced tliat nil amalgamation has bcea iifraflgri between 'this ftsnkstilai 1 and Oiiettal Steam Coiap.-wij' (715 vtesds) and the British India Sfcaa Navigation Oampsny (129 vessels).fijc anjaifjamatjflti is subject fe tlio sliateiiokjers' aispreral- If- ptaridas foe tho exchange rf fto British .India CftJit l pauy's ortJinafy sltaros for 3.3 1-3 of tfte Pi aiid O. Company's Btoek, attd of profofred stock at cant, per cent. The ermipiriiios arc to work as separate entities. ' Tim 1 , , autt O. Cempany's cfireetofs will jo-iu tho British teard,. and vkc wheij tlw? asnalganiatiow is pompMed. ' Interests in the tvw UMflertafcings are to bo in all respects identical. BBITAIJTS SEA B-OTJTES. <Boc. 31ay 2-1, BM .p.m.) Uontjotlj 31ay S.&, The "Daily Tologljfipli," eoinfiicntiiig on the amalffnniatiou of'the P, and 0. m<l tiie British Jwlm Linos, fetors to theif capacity, for fighting, foreign flottpetition," aiid'addet "They have hisiofks ■of vAick titey may be '}W9«u. Mea-n----wliilo, the problem fer Prfem is th« safo.Kiiardin.g of tiw sea routes-frnni the Mediteitnitwm to tho.East, attd it is becoming ail one. Our inaniwr of solvins or faitrtig to solve the problem mxv dcefde tke fohue or oW nib Mid our commerce, besides vitn% afflGflting ew po«iti<wv in tho Persian 'Quit, fi'oiii wjiicli the- Navy hjtos secure its oil." ' Tlw? amalgamation .has p.r«cticji.lly hr.d iia effect on tht> stafo qiiOtatious. pcjjiiisulafs foil £25, ;uid arc now quoted at £3<B. . . , '