26 April 2009

In the Black

On this day in 1938, Cunard White Star rejected a £250,000 government loan arranged the previous year in order to make the final payment on the Queen Mary and to begin construction on the Queen Elizabeth. The company's finances had greatly improved since the beginning of the decade when it was forced to suspend work on the Mary and to merge with its competitor, White Star, in order to finish the ship. 



Source:
New York Times

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