SHIPPING COMBINES.

New Zealand Herald, Volume XLIX, Issue 14972, 20 April 1912, Page 7

SHIPPING COMBINES.

■' W;' 1 - 7 ■" NEW ZEALAND, B.S. COMPANY buying of HOITLDER boats. , FOUR LARGE STEAMERS. r By Telegraph.— Association.—Copyright " sf " v ' (Received April 19. 11.35 p.m.) •" London, April 19. ■'} The New Zealand Shipping Company has signed a contract for the If# purchase of the whole of Messrs. ' Houlder Bros,' Company's Australasian business, including four large ■ : iteamers. '• V ' Messrs. Houlder Bros.' preference phares are quoted at from £4 5s to / ■ , iC-i 7s 6d. It. was announced early in January last that the New Zealand Shipping Company .. >'• Jiad acquired a controlling interest in the federal Steam Navigation Company, in 1 • exchange for a portion of its unissued .< I. |hares, credited as fully paid. The London Times stated that the amalgamation was the result of the P. and O. Company making Auckland a port of call The Federal line is associated with the Houlder line and the Shire line, and the combination which .is known as the Federal-Houlder-Shire line owns 10 largo steamers, which, it was stated in January, ; would be acquired by the New Zealand • Shipping Company. These steamers are : Wiltshire (new), Shropshire (1911), Durham (1904). Somerset (1903), Essex (1902), ' Sussex (1900), Surrey (1899), Kent (1899), Cornwall (1896), Devon (1896).