SHIPPING DEAL

Evening Post, Volume LXXXIV, Issue 8, 9 July 1912, Page 7

SHIPPING DEAL

ABSORPTION OF INDO-CHINA COMPANY. By Telegraph.— Press AssoclatioiwCopyrliht. TOKIO, Bth July. It is reported that tho British India Steam Navigation Company is purchasing the business of the Indo-Ohina Steam Navigation' Company. The report of the proposed purchase originates in Tokio, ajid will therefore have to bo taken with some reeervo. The Indo-China is better known aa the Jardine, Matheson Line, It consistß of a fleet of thirty-eight steamers, aggregating 90,428 tons. The dividend paid for 1911 wae 6 per cent. Tho company's year ends 30Lh Juno. The paid-up capital is £495.890, and there is £296,175 owing in debentures. The book value of the fleet is £808,636. The Indo-China trades between Calcutta, and Hongkong and Shanghai ; Honkong and Manila and Singapore; on the West River (Kvvangtung, South China) and the Yangtzee; Shanghai and Tientsin and Nowchwang in the Gulf of Pechilij ajid also up the Eastorn Siberian coast to the Gulf of Okhotsk to the Amour River. . The trade is combined passenger and cargo. Tho fleet* is ono of the beet kept under the BritUh flag in tho Far East. By the acquisition of the Jardino, Matneson Line, the British India will materially strengthen ita position in the Farther Eurt.