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Show $2,000,000,000 lil BRITISH SHIPPING COMBINATION Thousand Vessels Expected I to' Be Operated by New Concern. By United Press.. SAW FRANCISCO, June '. The moat Important shipping combination tn world history, whereby a score-of the largest British marina transportation transporta-tion companies are brought under a single direction, has been effected in London, according to cable advices received re-ceived here today. It Is understood that the total capitalization capi-talization of the new central organisation organi-sation will be In the neighborhood of two billion dollars. Lord Inchcape, head of the P. a O.. which recently had amalgamated with the British-India British-India company, will be the directing head of the new corporation, it is stated At the head of the new amalgamation, amalgama-tion, is the Cunard line, which probably prob-ably will giro its name to the new central organisation, into the great (Cnntlnued on page ; $2,000,000,000 IN BRITISH I (Continued from page g.) pool have been thrown the Interests of ths P. ft O., tbe Commonwealth-Doralnlori Commonwealth-Doralnlori line, the Allan line, the Union Steamship company of New Zealand, the New Zealand Shipping company, the Brltiah-Indla company, and about fifteen other lines. Notice of this gigantic pool waa received re-ceived here by the Hlnd-Rolph company, com-pany, San Francisco agent of the Union Steamship company. Steamship lines plying all the seven seas will be brought together into one huge organisation, under this new amalgamation. Over 100 ahlps probably will be tha tola of equipment handled by this new concern, with agencies in very greater and minor port of the entire globe. Through the consolidation It will be possible to exchange captains and operating op-erating staffs, trsnsfer ships from ona run to another and adjust all routes. Another result will be the abolition of many agency offices, one agency In each port being sufficient to handle han-dle the business now handled by tha separate agencies of the companies Included In-cluded in the big combination. |