BRITISH PURCHASE OF SHIPS.

Taranaki Herald, Volume LXVII, Issue 16448, 3 June 1919, Page 3

BRITISH PURCHASE OF SHIPS.

FROM AMERICAN COMPANY

By Telegraph—Press Assn.—Copyright (Received Juno 3, 11.15 a.m.)

NEW YORK, May 21. The directors of the International Mercantile Marine Company have approved the proposed sale of the Company’s English tonnage to a British syndicate. The board decided to call a special meeting of shareholders on June 16 to act on the offer.

The sale will include So ships of 85,300 tons, including the Olympic, Adriatic, Baltic, 41 large J/eyland lino freighters and all the other assets of the six British subsidiaries. The price is approximately 130 million dollars. — Aus.-N.Z. Cable Assn.