Early History
The opening of the Manchester Ship Canal in 1894 made it possible for large ocean-going ships to sail directly into the heart of Manchester. However, because of opposition from cartels of ship-owners based at Liverpool and other ports in the United Kingdom, shipping lines were slow to introduce direct services to the new Port of Manchester, which found it difficult to compete against the established ports. New trading routes from Manchester to West Africa and Mediterranean ports were countered by the established shipping conferences sharply reducing their own charges and by inducing their customers to sign binding contracts. In some cases, after achieving their aims, the cartels re-imposed their old charges. To help counter these 'sharp practices', Sir Christopher Furness, of Furness Withy & Company, proposed in 1897 that a Manchester-based shipping line should be formed, to encourage the use of the Manchester Ship Canal and docks. The public prospectus for Manchester Liners Ltd (ML) was issued on 10 May 1898, with an authorised share capital of £1 million. Furness' company became the largest shareholder, and he was appointed chairman. Other directors included representatives from the Ship Canal company and Salford Borough Council. Robert Burdon Stoker, a director of Furness Withy, was appointed as ML's first managing director.
Read more about this topic: Manchester Liners
Famous quotes containing the words early and/or history:
“We have good reason to believe that memories of early childhood do not persist in consciousness because of the absence or fragmentary character of language covering this period. Words serve as fixatives for mental images. . . . Even at the end of the second year of life when word tags exist for a number of objects in the child’s life, these words are discrete and do not yet bind together the parts of an experience or organize them in a way that can produce a coherent memory.”
—Selma H. Fraiberg (20th century)
“Don’t give your opinions about Art and the Purpose of Life. They are of little interest and, anyway, you can’t express them. Don’t analyse yourself. Give the relevant facts and let your readers make their own judgments. Stick to your story. It is not the most important subject in history but it is one about which you are uniquely qualified to speak.”
—Evelyn Waugh (1903–1966)