The daily morning journal and courier., 1902-05-27
TERMS OF SHIP COMBINE
A WITH THE HAM
 BURG-AMERIC4N LINE.
Directors of the Company Issue Circular North Atlantic Cabin Passenger Traffic to be Regulated by Special Pooling Arrangement-Prese One Regarding Steerage Passengers to be Maintained -- Mutual Precautions Against Outside Competition--In the Event of War.

Against Outside Competition-In the | Event of War.
 Berlin, May 26.-The directors of the Hamburg American line have issued a circular divulging the terms of the agreement arrived at between the Nor
 gan shipping combine and the Ham, burg American and the North German Lloyd lines. The two German compan- ies undertake to pay the combination
 an annual sum equal to dividend on
 charges amounting to at least 2OOOO,OOO
 marks ($5,000000). This provision was
 agreed on when the capital of the Ger
 man lines was S0,00O,0 900 marks ($20,000
 000) each, and in the event of an in-
 crease in the capital, a contingency
 which in the meanwhile has arisen, the
 combine reserved the right of increas-
 ing the annual sum accruing to it to an
 amount equalling dividends on 25 per
 cent. of the capital stock.
 The syndicate, in return pledges itself
 to pay the Germans per cent. on corresponding amount of capital and
 not to send any ships to a German port
 without the consent of the German companies. The latter are bound to limit their traffice from British ports. They can, however, continue the exist ing services. The Germans are not pre- cluded 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 utilizes the same ports. The combine, on the other hand, undertakes each direction, to touch at French ports. The Germans are debarred from touch ing at Belgian ports with ships running to and from North America and agree not to touch at English ports exceeding seventy-five times, for each company. each way, making an aggregate of 800 calls. The Germans are free to in- crease their sailings from French ports in which case the combina ton is en- titled to an increase, approximately.
 The establishment of new lines or the extension of the existing service, if so large as to double the present number of sailings must before being carried out, be submitted to a joint committee of the contracting parties. The commit tee will not have the right to prevent | such an extension.
 It is agreed that in the event of either | party desiring to effect such extension 1 or establishment of new lines, it is l bound to give the other the option of i ting, to the extent of one-third. | This provision does not affect coastal | or similar minor services.
 The North Atlantic cabin passenger | traffic of both parties is to be regulated | by special pooling arrangement, and | 1t is agreed to maintain the present pool | steerage passengers.
 The freight business will be conduct ed under the existing agreements, ex- ,epting mutual precautions against out yide competition.
 The agreement further provides for he arbitration of differences and it be- 'omes imperative in the event of war the United States and Ger many, Great Britain and Germany, or he United States and Great Britain.
 The combine engages to leave to the American line it's services York to the West Indies.