THE SHIPPING COMBINE

Otago Witness, Issue 2516, 4 June 1902, Page 15

THE SHIPPING COMBINE

ANOTHER COMBINATION PROPOSED. LONDON, May 27. Mr Morgan has given the HamburgAmerican and North German Lloyds line a partial guarantee that he intended to assure a steady 6 per cent, dividend in connection with the Shipping Combine, conditional on their agreeing to submit to certain restriction* in their trade. May 29. The shareholders in the HamburgAmerican line have amended their rules to ensure a continued German preponderance in the company's affairs. May 30. Mr Morgan is pressing the Beaver line to join the Navigation Syndicate. They are reluctant to do so. In the House of Commons Sir J. Colomb moved the abolition of the subsidy of £21,000 paid to the White Star cruisers. The motion -was rejected by 150 to 73. BERLIN, May 28. The. Kaiser has conferred the decoration of- the Red Eagle on Hen- Ballin for his patriotism in having recently refused Mr Morgan's offer of the management of his Navigation Syndicate. NEW YORK, May 30. In Boston tiie predominance of Morgan's combine is considered prejudicial, and it is proposed to form a combination embracing the Cunard and Allan lines and Elder, Dempster, and Co.'s (of Liverpool) companies trading to Brazil, the River Plate, and others. OTTAWA, May 29. The Hon. Mr Tarte, Canadian Minister of Public Works, speaking at Montreal, said if Mr Pierpont Morgan : bt>usiit the Canadian Pacific lino .Canada

would build another railway. He declared that a fast. Atlantic steamship ■service would be running wit inn two years. He did not believe Great Britain would ever accord Canada preferential treatment.

more terrible because it is being patiently and systematically prepared.