Marks 27 Millions for Purchas:
Mortgages Held in Holland: 140,355 Tons Berlin, Jan. 29. gotiations for the sale of the ire Hugo Stinnes fleet the Deutsch-Australisehe Shi Company and the have resulted 'a provisional agreement.
The Hugo Stinnes fleet consists 28 modern freight and passenger oversea steamers with a total tonnage of 140,355 tons. Two motorships of 10,800 tons each are now being constructed.
'The Deutsch-Australische and the Kosmos' companies' capital is 18,000,000 marks and 12,000,000 marks. respectively." It is stated that the transaction will necessitate fan increase of capital of both the companies.
Jan, 20.
The sum of 27,000,000 me been agreed upon as the price for the purchase of the Stinnes fleet, of which 6,000,000 marks will be paid in cash, ard mortgages to the value of 21,000,000 marks, held by Dutch capitalists, will be taken! over. The new owners are the Deutsch-Australische Shipping Company and the Kosmos Company, but the vessels will continue to sail under the Stinnes flag.
Liquidation of the Stinnes property is progressing. The sale of the Koholy Company to a British eorcern and the present fleet transaction will now enable the Stinnes family to continue their Mutelheim coal business outside assistance—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.