British Wreck Commissioner's Inquiry
- Report -
Description of the Ship
The White Star Line
The Titanic was one of a fleet of thirteen ships employed in the transport of passengers, mails, and cargo between Great Britain and the United States, the usual ports of call for the service in which she was engaged being Southampton, Cherbourg, Plymouth, Queenstown, and New York. (Sanderson, 19589-97)
The owners are the Oceanic Steam Navigation Company, Limited, usually known as the White Star Line, a British registered company, with a capital of £750,000, all paid up, the directors being Mr. J. Bruce Ismay (Chairman), the Right Hon. Lord Pirrie, and Mr. H. A. Sanderson. (Ismay, 18224-69)
The Company are owners of twenty-nine steamers and tenders; they have a large interest in thirteen other steamers, and also own a training sailing ship for officers.
All of the shares of the Company, with the exception of eight held by Messrs. E. C. Grenfell, Vivian H. Smith, W. S. M. Burns, James Gray, J. Bruce Ismay, H. A. Sanderson, A. Kerr, and the Right Hon. Lord Pirrie, have, since the year 1902, been held by the International Navigation Company, Limited, of Liverpool, a British registered company, with a capital of £700,000, of which all is paid up, the directors being Mr. J. Bruce Ismay (Chairman), and Messrs. H. A. Sanderson, Charles F. Torrey, and H. Concanon.
The debentures of the Company, £1,250,000, are held mainly, if not entirely, in the United Kingdom by the general public.
The International Navigation Company, Limited, of Liverpool, in addition to holding the above-mentioned shares of the Oceanic Steam Navigation Company, Limited, is also the owner of: -
- 1. Practically the whole of the issued share capital of the British and North Atlantic Steam Navigation Company, Limited, and the Mississippi and Dominion Steamship Company, Limited (the Dominion Line).
- 2. Practically the whole of the issued share capital of the Atlantic Transport Company, Limited (the Atlantic Transport Line).
- 3. Practically the whole of the issued ordinary share capital and about one-half of the preference share capital of Frederick Leyland and Company, Limited (the Leyland Line).
As against the above-mentioned shares and other property, the International Navigation Company, Limited, have issued share lien certificates for £25,000,000.
Both the shares and share lien certificates of the International Navigation Company, Limited, are now held by the International Mercantile Marine Company of New Jersey, or by trustees for the holders of its debenture bonds.
