THE ATLANTIC TRADE.
(Tmjbi Association.—Co right.) . Keceived Ootober 3,\ 10.35. p.m. London, Ootober 8. The International Mercantile Marine Co's stock was entirely subscribed by those directly interested. The Daily Express states that shares do not carry voting power, for which purpose the continuity of policy is vested in Pierpoint Morgan and four other voting trustees, namely*—Messrs Ismay, Pirrie and two Americans. Received October 4,1.0 c.m. Half the capital in the mercantile marine will be preference stock, carrying six per cent cumulative interest.' The company is authorised to issue £15,000,000 at 4fc per cent bonds.' The Times commenting on the figures says they imply an anticipation of nearly £2,000,000 annual profit, but the inward freight will be very low, and economies in management will be limited by the retention of separated boards. Upder the agreement given to Britain, the Times adds, our control of the Atlantic trade will be measured in I the long by the capital we invert.---'1'
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Bibliographic details
Manawatu Times, Volume XXVII, Issue 7548, 4 October 1902, Page 2
Word Count
158THE ATLANTIC TRADE Manawatu Times, Volume XXVII, Issue 7548, 4 October 1902, Page 2
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