War, Peace and Depression 1914–34

Francis E. Hyde
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Francis E. Hyde: University of Liverpool

Chapter 6 in Cunard and the North Atlantic 1840–1973, 1975, pp 159-190 from Palgrave Macmillan

Abstract: Abstract Dislocation of normal commercial activities due to the outbreak of the First World War was both serious and protracted for Cunard. The 1903 agreement gave the Government the right to take over most of Cunard’s ships in time of war for use as armed cruisers, troop transports, hospital or prison ships. The directors were therefore faced with the dilemma of fulfilling their obligations under this agreement and of maintaining some semblance of service for the carriage of passengers, freight and mails. For this reason a significant decision was taken by the Board on the outbreak of war — to retain Lusitania in the Company’s employment and use her for normal commercial work.1

Keywords: Capital Structure; Shipping Company; Class Traffic; Shipping Line; Preference Stock (search for similar items in EconPapers)
Date: 1975
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DOI: 10.1007/978-1-349-02390-5_6

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