Development of The Union-Castle Line
In 1872 he came to the conclusion, after a careful study of all the circumstances, that the development of the Cape Colony justified the starting of a new line of steamers between England and South Africa. Fortuitously, in the ensuing few years the Cape economy boomed, and consequently steam communication and transport to southern Africa expanded.
Although the Cape Prime Minister John Molteno was a personal friend of Donald Currie, he refused to authorise Currie to run a monopoly - desiring instead to preserve a state of competition between the principle shipping companies. Molteno therefore ordered the South African mail service to be shared equally, between Currie's Castle Company and its older rival, the Union Line. After lengthy negotiations, Currie agreed to alternating services, speed premiums and other clauses to promote competition. The new mail contract was signed on 5 October 1876 and Currie created the Castle Mail Packets Company, with the offices located at the Castle Shipping Line headquarters.
Initially forbidden by the contract from amalgamating, keen competition ensued between the companies. This competition led to their shipping services running at unprecedented speed and efficiency. However the contract eventually expired and several decades later, in 1900, Castle Shipping Line and Union Line would merge and become the Union-Castle Line.
Read more about this topic: Donald Currie
Famous quotes containing the words development of the, development of, development and/or line:
“This was the Eastham famous of late years for its camp- meetings, held in a grove near by, to which thousands flock from all parts of the Bay. We conjectured that the reason for the perhaps unusual, if not unhealthful development of the religious sentiment here, was the fact that a large portion of the population are women whose husbands and sons are either abroad on the sea, or else drowned, and there is nobody but they and the ministers left behind.”
—Henry David Thoreau (18171862)
“Creativity seems to emerge from multiple experiences, coupled with a well-supported development of personal resources, including a sense of freedom to venture beyond the known.”
—Loris Malaguzzi (20th century)
“A defective voice will always preclude an artist from achieving the complete development of his art, however intelligent he may be.... The voice is an instrument which the artist must learn to use with suppleness and sureness, as if it were a limb.”
—Sarah Bernhardt (18451923)
“If surrealism ever comes to adopt a particular line of moral conduct, it has only to accept the discipline that Picasso has accepted and will continue to accept.”
—André Breton (18961966)