OCEANIC STEAMSHIP COMPANY.
SYDNEY OFFICE TO CLOSE.
By Telegftph.--Pttm A**ncU!ir,i!.—Ctipytljlst.
(Received May 24. 12,59 a.m l
• ■- v- .... „.-,w i Stdxet, Mot 23. Definite news was revived to-day of the j intention of the Oceanic Company to with•draw the Sydney-San Francisco mail service.
j Mr. Jones, the Sydney manager of the company, in an inlerviow stated that he .had received a cablegram from the directors to that effect, and instructing him to disipose of all property here and wind up the affairs of the company in Sydney without j delay. He intends to close the office by June 30. The property in Sydney mostly consists of a coal hulk and a urge quantity of coal and office fittings. | Mr. Jones also said the primary cause of the withdrawal was the failure of the Ships Subsidy Bill to pass Congress, and this was helped . along in great measure by the unfortunate trouble which the steamers got into, although it must not be (forgotten that j for years they had run with clocklike regularity.
He lias no information as to what is to bo done with the steamers.
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Bibliographic details
New Zealand Herald, Volume XLIV, Issue 13496, 24 May 1907, Page 5
Word Count
185OCEANIC STEAMSHIP COMPANY. New Zealand Herald, Volume XLIV, Issue 13496, 24 May 1907, Page 5
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