A SHIPPING MOVE.
. NEW ZEALAND COMPANY AN!) FEDERAL COMPANY. By Cable—P'ess Association—Copyright. Received 4, 10 pm. London, January 4. The Now Zealand Shipping Company has acquired a controlling interest in the Federal Company in exchange for a portion of the unissued shares, which are credited as fully paid. The owners of the Federal Company have promised to hold the .shares en bloc for a period of years. Mr. Allen Hughes joins the New Zealand Board. The New Zealand Shipping Company's -hares have risen from .€l7 10s to £lB 10s. The Times states that the amalgamation is the result of the P. & 0. ships calling at Auckland. INCORRECT INFORMATION. By Telegraph—Press Association. Cliristchurch, Last Night. The. local manager of the Shipping Company savs the cable is hardly coi° The; New Zealand Shipping' Company has acquired an interest in the Federal Company, but has not amalgamated with it. Mr. J. .1. Kinsey.'local agent for the Federal Company, could say nothing on the matter at all.
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Taranaki Daily News, Volume LIV, Issue 100, 5 January 1912, Page 5
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163A SHIPPING MOVE. Taranaki Daily News, Volume LIV, Issue 100, 5 January 1912, Page 5
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