Business & Finance: Ship Profits

A reproof of U. S. shipping conditions was the speech of Baron Kylsant, at the annual meeting of the White Star Line, Ltd. in London last week. Two years ago he bought the 25 White Star Line ships from the most important U. S. shipping enterprise, J. P. Morgan's International Mercantile Marine Co. for £7,000,000 (TIME, May 17, 1926, et seq.). Last year he predicted a profitable year for the White Star Line under British ownership.

Last week he stated, with justifiable complacency: "Shareholders of the White Star Line, who now number about 15,000, will have observed with interest and satisfaction that...

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