SHIPPING COMBINE
LONDON, December 18. The Times states that, subject to ratification by the shareholders, tks Royal Mail Steam Packet Company and Messrs Elder, Dempster, and Company will acquire all the Union Cas<*e line's ordinary shares. The paper adds that these companies are interested in a scheme for the biggest combination of shipping interests in the world. The Financial Times, commenting on the scheme, says the Cape will become a more important intrepot for overseas trading, and possibly ultimately one of the world's clearing houses. One immediate result must be to bring Australia and South Africa closer.
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https://paperspast.natlib.govt.nz/newspapers/OW19111220.2.97
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Otago Witness, Issue 3014, 20 December 1911, Page 27
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97SHIPPING COMBINE Otago Witness, Issue 3014, 20 December 1911, Page 27
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