Word: kylsant
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Royal Mail Submerged. Stormy seas of financial difficulties have long been swamping the once proud & mighty Royal Mail Steam Packet Co. (TIME, Dec. 8). Lord Kylsant is being replaced on the bridge by Walter Runciman; a reorganization is planned. Yet to Royal Mail stock-holders last week brought the stormiest...
Walter Rimciman, British Liberal leader, was appointed dictator of Royal "Mail shipping group, run far off the course of profits by Lord Kylsant...
Resigned. Owen Cosby Philipps, Lord Kylsant, 1st Baron of Carmarthen, 67, Chairman of 40 steamship lines (including Royal Mail, White Star, Union Castle) and building companies, a bank, a railroad, an insurance company; from the chairmanship of Harland & Wolff. Ltd. (?12,000,000 Belfast shipbuilders). When shareholders commented on his multifarious activities and companies in March, he retorted: "I do not consider 40 as many...
...meet its half-yearly dividend on approximately $25,000,000 worth of preferred stock, that it had called on Royal Mail, its present parent company, to fulfill its guaranty. Almost simultaneously, however, came announcement that Royal Mail itself would be unable to meet its dividends. Fortnight ago Lord Kylsant announced that he had appointed a committee of bankers to investigate Royal Mail's financial position...
...mostly in first and de luxe class and that these, in turn, are not a major part of passenger travel. Besides all of which, there is freight. It seemed more likely that blame for the depression would again be laid upon the frock-coated, almost mysterious figure of Lord Kylsant...