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War, Peace and Depression 1914–34

  • Francis E. Hyde

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 
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Notes

  1. 2.
    See Cunard official publications; Archibald Hurd, A Merchant Fleet at War and The Merchant Navy, 3 vols (1921–9)Google Scholar
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  3. 4.
    Ibid., quoting files on wartime activities of the fleet; BM, 17 September 1914.Google Scholar
  4. 5.
    Eaves, op. cit., under 1917.Google Scholar
  5. 9.
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  7. 15.
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  9. 17.
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  10. 20.
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  11. 23.
  12. 24.
  13. 25.
  14. 26.
  15. 27.
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  16. 31.
  17. 34.
  18. 35.
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  20. 42.
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  21. 43.
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  22. 44.
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  23. 45.
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  25. 47.
    As given in J. F. Gibson’s history op. cit.Google Scholar
  26. 48.
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  28. 50.
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  29. 51.
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  32. 55.
  33. 59.
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  35. 62.
  36. 63.
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  37. E. Hyde, Shipping Enterprise and Management: Harrisons of Liverpool (1966). For a general picture seeGoogle Scholar
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  40. 67.
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  42. 70.
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  48. 94.
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  55. 117.
    Ibid.; see also Chairman’s reports for years 1925–30.Google Scholar
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  57. 121.
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    CP, VR, OGM, 8 April 1931.Google Scholar
  64. 136.

Copyright information

© Francis E. Hyde 1975

Authors and Affiliations

  • Francis E. Hyde
    • 1
  1. 1.University of LiverpoolUK

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