Word: cunarder
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...debate on Britain's North Atlantic shipping bill in the House of Commons to a sudden halt one day last week. Patriotic members of Parliament wanted to know and know at once whether President Philip Albright Small Franklin of International Mercantile Marine was really going to block the Cunard-White Star merger (TIME...
...past year headline writers have been merging the Cunard and White Star Lines about once a week. Finally in the House of Commons last week came the official announcement of the union by his Majesty's Government of these two great North Atlantic shipping companies. For the time being the couple will be known as Cunard-White Star, Ltd., may later become British National Services. In the last five years British pride in the merchant marine has been roughly handled. Cunard's Mauretania, commissioned in 1907, is still the fastest British ship but her old records have been...
...company Cunard will turn over its fleet of 15 "ia" ships including Berengaria, Aqnitania, Franconia, Mauretania and what there is of No. 534. White Star will contribute its fleet of ten "ic" ships, including Majestic, Olympic, Homeric, Georgic and Britannic. In return Cunard will get 62% of the new stock and six directorships, White Star 38% and four directors. The Chancellor's soft voice was heard in the clause: "It is regarded by all parties hereto as a cardinal principle of the merger company that it is to be and remain under British control...
Still unsettled last week was Cunard-White Star's personnel. Until stockholders of the two old companies have a perfunctory opportunity to approve the deal, operation will be directed jointly by the two general managers. International Mercantile Marine expects to continue as U. S. agent for White Star until June 30, when combined offices will probably be established at Cunard's headquarters...
...Negotiations," the Chancellor said, "have reached a stage at which the Government feels fully justified in assuming that an effective merger of the North Atlantic fleets of the Cunard and White Star Lines will become an accomplished fact at an early date. It is the intention of the Government in that event shortly to lay before the House proposals for furnishing the necessary financial facilities for completion of the new Cunard liner" -scheduled to exceed the French liner Normandie as "largest and fastest liner in the world" (TIME, Nov. 7, 1932). ¶Adjourned over the holidays...