Word: cunarder
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Britons learned last week how far gone was sick British shipping when famed old Cunard Steamship Co., Ltd. reported a $3,000,000 net loss for 1932, a $2,000,000 drop in North Atlantic traffic. Four days prior. Chancellor of the Exchequer Neville Chamberlain had prescribed a cure in the House of Commons: an "arrangement" between Cunard & White Star. He set it as a condition to government subsidies to help Cunard finish its giant ship No. 534, now an idle skeleton in a Scotch shipyard. Everybody knew White Star was suffering as badly as Cunard from...
...Washington Street, Manhattan, early last month opened the Midday Soup Kitchen, serving 300 lunches of soup, bread & milk to the indigent. Observing the walls decorated with pictures of Cunard Liners, reporters last week discovered that the kitchen's manager is Lady Sparks, wife of Cunard's New York manager, Sir Thomas Ashley Sparks. "Really, " smiled she, "I'm only the cook here...
...Questioned about cheerful reports that the Cunard Line would resume construction of their superliner, might christen her the Princess Elizabeth and might even build a sister ship, Scot MacDonald said: "I have made a careful inquiry but can find no basis for these reports...
...prospectus, White Star bulked large in the scrambled affairs of fallen Royal Mail. Still owed to I. M. M. on the purchase price was (and is) $11,000,000. Like most transatlantic lines White Star was running in the red. Reports that Lord Essendon's Furness, Withy or Cunard were dickering for it have popped up almost monthly. Though the election of Lord Essendon as White Star's chairman involved no deal, shipping men believed a merger was in the books. Last year alert Lord Essendon persuaded his stockholders to authorize an additional 2,000,000 shares...
...greatest shipping lines, thereby saving from ruin not only the lines but also the big hanks which were heavily tied up in them. He it was who rushed to completion in record time the great Rex and Conte di Savoia at a period when Britain's Cunard Line was forced to abandon work on its 73,000-ton liner and the French Line dallied with its new super-Ile de France. Last year genial Count Ciano paid out 275,000,000 lire of Il Duce's revenues in ship subsidies. Since the S. S. Savannah first ploughed...