The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-24
North German Lloyd and Ham,
burg American Agreement
Of Great Importance.
PEACE IN THE POOL NEAR
Continental Conference Nav
lie Renewed for )
Years,
Sperai cable DespdtcAes % ruE srs.

spsTal cable Dispatches % TIVE SuS
ioSpos. Feb. 23.--The representa- ives
o. tie British and continental steamship
companies who are to form a new steer
age pool to replace the one which was dis
solved at the Paris conference in January
Reid separate meetings here to-day. After
ward there was a Joint meeting Of all the
representatives.. Both conferences were
private An adjournment was taken until
tomorrow.
No statement was issued as to what was
ione. bu: inquirers were ofi,cially informed
that no settlement had been reached, but
that the prospects for an agreement were
favorable.
BERLIN. Feb. 2S.--The Tooeblatt says
the settlement reached by the Hamburg
American and North German Lloyd steam-
ship companies at the conference Of the
general managers OF the two lines In
London last Friday is an important agree
men, for a community Of interest. 1t 10
pased on the principle Of each having an
equal share OF the passenger and freight
business. Tho agreement also regulates
the new tonnage that may be built by
each company. The agreement Is to last
ssventy-nve years. Some OF the details
4 this settlement arc yet TO be adjusted.
II this statement OF tho Tooeblatt il
correct It can be foreseen that big econo-
ured. and It Is predicted that the agree
nent will eventually develop into the
most formidable shipping combine in the
world. The capital OF the two companies
Is 900. 100000 marks. or $4,000. 600, and
the joint tonnage 2.1l7.000.
/. is reported here that to-day's con-
ference In London resulted In a virtual
agreement TO prolong the pool Ave years.
or rather to form a new one for that
period. Certain points. however. were not
settled finally. II these points cannot
be adjusted the prolongation Of the pool
vtll be for only one year. II this Ia
correct tits presumable that the Hamburg
American North German Lloyd combina-
ton does not contemplate immediate ag-
sressive tactics but there Is little doubt
q the eventual intention OF the big COM
OIne to pursue this line Of action.
LospoS, Feb. 24.-The Times quotes
'err 1tclNekefl, the managing oil
-ecto- OF the North German Lloyd steam
alp Company. as saying that the agree
r-1t between his company and the Ham
4g-g-AIherlcan is for fifteen years. II
overs everything connected with til,
No-tl Atlantic traffic. hut does not affec
t'.' - vices. The Continental pool. h,
.ll would he renewed for five years
15.ee, - some inconpleted details. II
ry ,yvni. II would be renewed for I
,lg Thus. no matter what may b.
outcome OF the negotiations betveer
..r Elitl.h and Continental lines, Their,
rould b, no disturbance of the Cont
Entail arrangements.
The Hamburg American company. Her
Heneken said. would rejoin the other com
Jan.es In the Canadian trade and would
i've weekly passenger and freight ser
Ice 'Sc same as previously. Herr Heine
Ken said the report from Berlin that tn
North Atlantic pool would be renewed To-
i've years was not correct. The agree
nent reached to-day concerned only tn
Continental pool. He confirmed the re
pot that the outlook for a satisfactor!
conclusion OF the present negotiations va
favorable. There was a good spirit al
around, no said, and a reasonable settle
ment ought to be reached.