London, Mar, 4, the several principal companies of he Group was issued to-day, rhe trustees, who were appointed the various creditors, were Mtr, alter Runciman, sir William Shintock, and General Sir Arthur Maxwell, cothe Government. ix the, largest creditor, having uuranteed loans "the scenic, which aims at ce serving the interests of the ere ars and preventing the disinter tion of fects at simp prices, pro-Vides for the creation of two opera. ing companies, namely: The Royal Mall Lines Ltd', which comprises 62 vessels belonging to the Royal Mai Breampacket' Ca, the Royal Mail Meat Pransports, the Nelson David Maclver.and''Coy Ltd 9 the Elder Dempster Shipping Lines, La, comprising 83 ships belonging to the Eller me, the British Ate lean Line and the Imperial Direct purchase price for trans hostels "consists of entirely ull ald. shares in. the operating Panles, Unsceured creditors, Sluding preference sharesholacrs in the White Star Line, will be given deferred creditor certificates "with Interest at 8 per cent, cumulative, aynble when the net earnings. are The trustees hope that the scheme will improve the operating eficiency Bnd duce overhead expenses, "A further moratorium. in respect
fen, wil! be arranged until 19 dha apace from trae abu "The trusteen believe that iis Impossible In view of existing ditions, to frame n seleme of com: plete reorganisation o¢ the loan and hare structure. of the Koyal Mail Group.
Hopewell, Mar. 5, The reorganisation scheme of the Royal Mail Steam Packet Co.'s opposed by the Thvextmont NiGo, Ltd. and the London Maritime Investment Ca, trustees for "A" debbenture-holders in the Elder Dempster Ca, who have sent -elreular to the Intter stating that the High Court ix of the opinion that. the scheme Is not to the advantage of the "A" debenture-holders, The London Mavitime investment!
Text read from the printed page and cleaned; old type leaves the occasional error.