SHIPPING MERGER
MAIN GERMAN LINES
[United Press Association—By Eldctrn i Telegraph.—Copyright.]
COLOGNE, March 22
The “Cologne Gazette” forecasts the amalgamation of the HamburgTJ.merica and The North German Lloyd Lines of Atlantic steamers. The basis of the merging of their interests will 4>g that for the next fifty years each company will remain independent, the vessels ■ sailing" under their .old;-flags, .but- as many..ships as possible- .from eachv.c.-otupauly are to lie placed oil important routes, .thereby eliminating, the 'building of> new vessels, and enabling the development of new routes with a diminishing expenditure. on the unprofitable routes. The receipts are to be equally divided.
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Hokitika Guardian, 24 March 1930, Page 6
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102SHIPPING MERGER Hokitika Guardian, 24 March 1930, Page 6
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