AN IMPORTANT RUMOUR.

Dominion, Volume 3, Issue 796, 20 April 1910, Page 4

AN IMPORTANT RUMOUR.

CONCajTRNING SHAW, SATOi; CO. There ate rmnpurs that negotisrims are proceeding for the acquisition of ths Shaw, SaviH, and Albion Company, Ltd, by the White Star line, says Ts« Play", of March 10. .The .£5 ordinary shares of the company havo been rising in v-aluo on 'the, Stock Exchange foi some time, and have risen from 5 to 11|. Tho company owns the following: steamers, those marked with an asterisk- being owned, jointly with, the Whit© Star Line-.—*Aotca, 5600 tons gross, built is 1595; *Arawa, 9373 tons gross, built in 1889; 'Karamea, 5564 tons gross, built in 1899; Kia Orai CSSS tons gross, built ia 1907; *Kumara, 6034 tons gross, built IB 1893; *Jtamari, GGS9 tons gross built in 1901; Maori, 5317 'tons gross, built in. 1593; Mntatna, G4SS tons gross, built in 1904; Pakeha, 4331 tons gross, built in 1S90; *Tavnui,\ 9357 tons gross, built in 1903; Tokomaru, 623S tons gross, built in 1893; Waiwcra, 0237 tons gross, built in 1599; *Athenic 12.2J4 tons gross, built in 1901; *lonic, 12,232 tons gross, built in 1902; *Corinthic, 12,231 tone gross, bnilt in 1902; *Delphic, 5273 tons gross, built in 1897; total, 123,355 .tons gross; proportion owned by White Star Line, 44,093 tons gross, leaving 79,262 tons gross. It will be seen that the average age of tho vessels is ton years, and they stood in tho company's books on December 31, 1908, at .£9 -Is. per ton gross. The above was referred to Mr. ArfSmr Pearce, head of the local agency of thoShnw. Savill Co., yesterday. Mr. Poarce stated that ho was aware that tho mattor had been discussed in London some tinia ago, but he did not think anything had com© of it. He could hardly credit it that anything had boon done, as absolutely no advice had been reeeiTcdin Now ZeakeA .about the-mattei.