The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-08-07
MORGAN DICKER
WITH BRITAIN
Terms of Agreement of Shipping
Trust Made Known.
PACT is WITH ADMIRALTY
VESSELS TO BE KEPT UNDER
CONTROL OF ENGLAND.

London, Aug. 6.-The agreement Of
the International Mercantile, company
With the British admiralty and the
board of trade is published in a parli-
mentary paper tonight 1t provides
uhat the British companies included in
the combine shall remain or a footing
o. equality with other British compa-
MES in respect to any military. naval
o. postal services that the British gov
etnmsnt may require from the British
mercantile marine.
Nc British ship in the combine shall
be transferred to foreign registry
without the consent OF the president
Of the board Of trade. The vessels shall
continue to be differed by British sub
yects and carry The same proportion OF
brush sailors as is prescribed in the
case OF any other British ships engaged
III the same line of trade The vessels
snail stiil be subject to hire or purchase
oy the admiralty ON the same terms
as existed prior TO the combination. At
least one-haif of the tonnage built or
acquired during the continuance of the
agreement shall be registered as Brit
iEa. Any company hereafter taken into
the combination shall be subject 10 the
SAME terms. The British companies
Included ian the combine shall continue
IN be British companies qualified TO own
British ships. and at least a majority OF
their directors shall. be British subjects.
Nothing shall be done to jeopardize the
existing British register on the right
81 a vessel to fly the British flag. Any
British company hereafter absorbed by
the combine shall be subject to the
conditions of the agreement, and the
combine shall advise the British gov
eminent of any other lines of whatever
nationality they max be that may here
after be absorbed.
The agreement shall continue for
twenty years, dating from September
81 1902 and shall be terminable there
after at FIVE years notice on either side.
II is provided that the British govern
ment has the right 10 terminate the
agreement at any lime should the COM
bine pursue a policy injurious to the
interests of the British mercantile mar
inc or British trade.
The international Mercantile Marine
company arees that the chairman Of
lis British committee shall accept ser
vice on behalf of the American COM
Dany of any process or other document
arising in connection with the agree
ment The lord high chancellor is ap-
pointed referee I'm any dispute arising
out of the agreement. His decision in
law and fact shall be final.
The agreement is signed by Gerald
Balfour for the board of trade, Admiral
Lord Kerr senior naval lord, and
Rear Admiral May third naval lord for
the admiralty; Sir Clinton Dawkins on
behalf of the International Mercantile
Marine company, and by the directors
Of the constituent companies.
nv ggffEfartfon with the
s,yrrerncnt between the International Mer-
camille Marine company anu the BRUSH
admiralty. saving that IL fully protects
British interests.
The STANDARD points out that the Nor
gan combination has been indirectly the
means OF strengt hcning Great Britain s
naval and commercial marine by pre-
oipitatinx the Cunard agreement. and
thinks that the audaciOus enterprise OF
huying up British lines is not likely 10
be repea ted FOR some time.