The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-05-27
The GERMAN LINES
TERMS OF COMBINE AGREEMENT
MADE PUBLIC.
A PARTITION OF PROFITS.
STRICT CONDITIONS IMPOSED ON
THE GERMANS.

The Latter Bound to Limit Traffic
From British POrts-AIIowed to
Touch Twice Weekly Each Way at
French Ports, but Are Debarred
From Belgian POrts-May Make
Only 300 Calls Year Mt English
POrts-Frcight and Pnssemger
Traffic to BE Regulated by Special
AEreements-The Agreement Inop-
erative in Case of Wnr.
Berlin, May 26-The directors of the
Hamburg American Line have issued
a circular divulging the terms of the
agreement arrived at between the
Morgan shipping combine and the
Hamburg American and the North
German companies undertake to pay
the combine an annual sum equal to
a dividend on shares amounting to at
least 2O.OO0,0OO marks This provision
was agreed on when the capital of the
German lines was S0,O00O00 marks
each, and in the event of an increase
in the capital. a contingency which
meanwhile has arisen, the combine re-
served the right of increasing the an
AiooA Gum dN1l hiliS ~ IL W ok dAAlOuib
equalling dividends on rs per cent. of
the capital stock.
The syndicate in return pledges itself
to pay the Germans per cent on a
corresponding amount of capital and
not to send any ships to a German port
without the consent of the German
companies.
4
The latter are bound to limit their
traffic from British ports. They can.
however, continue the existing ser
vices. The Germans are not precIuded
from including in their ports of call
hereafter British ports from which the
combine does not run services, nor
from running their South American,
Mexican and West Indian services
from British ports, even though the
combine utilities the same ports. The
combine, on the other hand, undertakes
to allow at most two ships
weekly in each direction. to touch
at French ports The Germans
are debarred from touching at Belgian
ports with ships running to and from
North America and agree not to touch
| at English ports exceeding rs times for
each company each way, making an
aggregate Oh 3Uu cans ne Germans
| are free to increase their sailings from
| French ports, in which case the COM
bine is entitled to an increase, proper
tionateiy. s4lAIl
The Matter of Extensions.
The establishment of new lines, or
the extension of the existing services,
il so large as to double the present
number of sailings, must, before being
carride out be submitted to a Joint
committee of the contracting parties.
The committee will not have the right
to prevent such an extension.
1t is agreed that in the event Of
either party desiring to effect such
extension or establishment of new
lines, it is bound to give the other the
option of participating, to the extent Of
one-third. This provision does not af-
feet coastal or similar minor services.
Pools Cor Passenger Tramc.
The North Atlantic cabin passenger
traffic of both parties is to be regu-
lated by special pooling arrangement
and IL is agreed to maintain the pres
ent pool regarding Storage passeng-
ers The freight business will be con-
Quoted under the existing agreemnts,
excepting mutual precautions against
outside competition.
The agreement further provides for
the arbitration of differences and 1t
becomes imperative in the event Of
war between the United States and
Germany, Great Britain and Germany,
or the United States and Great Brit
ain.
The combine agrees to leave the
Hamburg American Line it services
from New York to East Asia and New
York to the eWst Indies.