A PASSENGER RATE WAR.

Oamaru Mail, Volume XXXVIII, Issue 10502, 9 July 1910, Page 4

A PASSENGER RATE WAR.

[Br Electric Telegraph—Copyright.] (Per Press Association.) Received July 9, at 0.40 a.m. Sydney, July 8. Following yesterday's cable regarding the cutting of passenger rates, the North German Lloyds announce reductions commencing on October Bth. The first-class fares to London are reduced to £66 single, and £99 return; secondclass, £3B 10s single and £57 15s re- i turn. The old first-class rates were £7l 10s to £BO 10s single, and £123 return. The second-class single was £4l 16s to £46 4s. The third-class rates are unaltered. - ... Dr Heinekin, the managing (director of the company, states that the Orient Company, owing to the State subvention, is able to put more modern vessels on, and, thus capture the passenger trade. In the North Atlantic the shipping companies were allowed to charge different rates according to the.-speed and comfort of the:.vessels. His company wanted only fair treatment, and lie considered it only fair that the English companies should allow the same differentiation of rates between Europe and Australia which was allowed between Europe and America. There was nothing in the agreement between the shipping companies to prevent undercutting rates. The local representatives of the Orient and Peninsular Companies state that the3 T have no information of the matter from headquarters. ; *.