NEW ZEALAND SHIPPING COMPANY. TO THE EDITOR.

Evening Post, Volume XXXVII, Issue 129, 1 June 1889, Page 4

NEW ZEALAND SHIPPING COMPANY. TO THE EDITOR.

Sir— Will you kindly publish tho following oxtract from tho letter of the London correspondent of tho Dunedin Star, for tho benefit of those gentlemen in Wellington who are continually "bearing" the stock of tbo New Zealand Shipping Company: — "I had a very pleasant talk on Wednosday with Mr. E. S. Dawes, the millionaire shipowner, whose acquiromont of Sir William Poarco's interests in tbe New Zoaland Shipping Company has created such a stir in Anglo-Australiin city circles. Sir William hud n mortgage of £250,000 on the company 'hstßaincrrtivnd 10, OODsharcB, for which ho ;:ave £80,000. When the news of Mr. Dawps's jiurchapo leaked out, general con-iternatl'in prevailed, it being supposed that, )i.- meant to wreck tho company, or attcuii't an amalgamation with Shaw, Suvill's. A hi.ar.ciul papor(Fairplay) Oimu out with fitiUctn.TiitH to tho effect that Tysora v-oto to be sacked, Strickland rcuiHtited ;is llnnnprer, and negotiations at ouoo opened witb Bhaw, Savill. Mr. Dawe.s assures mo there is not a word of t'cUth in theso statements. Instead of inaugurating a wreck'ng policy he means to do his boat to recover tho company's good name anil mulo it \>uy. 'ihe trozon moat trade, more es|i"iiiully, .Mr. Dawes means to force as powoi fully as ho can; and should tho Imporial and Colonial Trading Company cinio to anything, the N.Z 8. Company will throw down tho gauntlet and challenge thorn at every point. Mr. Dawos has of course takon a seat on tho Bwd, and will, no doubt, honcoforward bo tho moving Bpirit in tho company's affairs. With Shaw, Savill ho proposes to work amicably; but no thought of amalgamation ever entered hia head. That Mr. Dawes 1 connection with the company bodes good to tho shareholders ia to bo seen from the riso in tho prico of N Z.S. stock, which has jumped from 45s to 65s since tho facts leaked out. Personally, lam inclined to believo in Mr. Dawes. Thoro is a practijal vigour and force about the man that ia contagious," English tolegrama inform ua that tho shiiros havo since gono up another £1. 1 am, &c, Shaueholder.