SPEEDY LINERS

Sun (Auckland), Volume IV, Issue 1041, 4 August 1930, Page 9

SPEEDY LINERS

NEW SHIPS MAY TAKE ATLANTIC RIBAND STATE HELPS COMPANY LONDON, Saturday. The building of the Cunard Steam Ship Company’s projected express liner on the Clyde at an estimated cost of £6,000,000 will be assisted by the Government to the extent of the Board of Trade's undertaking at a premium IHat portion of the insurance which ilie market cannot accommodate in the ordinary manner, owing to the vesS“l’s exceptional dimensions. The Government will also assist in the insurance of the sister ship which ihe Cunard Company intends to build. Ohey will be the largest and fastest hners in the world, with a tonnage of •5,000, and a speed exceeding 30 knots, they will be 1,000 feet long, and have accommodation for more than 4,000 Passer: gers. It is expected that they will regain tlle Atlantic blue riband for Dritain. FLEET CHANGES HANDS NEW YORK, Saturday. The control of the International Mercantile Marine Company with a Beet of 46 vessels, of a tonnage of ’■",000, has passed to the Roosevelt steamship Company. Mr. Croit Roosevelt, Mr. Basil Harris aad Mr. John M. Franklin will be •he vice-presidents of the new company. Mr. P, A. S. Franklin will reltresitlent. The disposal of the International "tanie's foreign tonnage is planned f the new company, in order to dee*op the American service. It is also reported that the Pennsylania and the Baltimore and Ohio railway Companies are interested in *he matter. .^I 18 Roosevelt Line operates a fleet tn m °tor-shlps from Atlantic ports j> the Far East. It is understood at It will be merged with the new company.