GERMANY’S SHIPS.
REGAINING HER PLACE. BIG ADVANCES MADE. BUILDING AND BUYING. By Telegraph.—Press Assn.—Copyright. Received Oct. 7, 5.5 p.m. Berlin, Oct. 6. Herr Hugo Stinnes, the industrial magnate, is making a big effort to secure the mastery of German shipping. Since he failed to conclude an arrangement with the North German Lloyd, and failed to secure election to the board of directors of the Hamburg-Amerika Line, he has been buying big blocks of shares in both companies, with the result that Herr Stinnes now dominates the North German Lloyd, the shares of which have risen from £238 to £405 in a month, and the HamburgAmerika shares from £255 to £370. Herr Stinnes is also buying ships freely at home and abroad. He has added 44,600 tons to his own fleet since February. By the end of the year Germany will have afloat twenty per cent, of her pre-war tonnage. The building capacity of the German yards is now 80 per cent, of the prewar production.—Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 8 October 1921, Page 5
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167GERMANY’S SHIPS. Taranaki Daily News, 8 October 1921, Page 5
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