what happened during its reconstitution?
The new company took over the ships of RMSPC and other companies of the former group.
Royal Mail Steam Packet Company
Royal Mail Lines Ltd (RML) was created in 1932 and took over the ships of RMSPC and other companies of the former group. The new company was chaired by Lord Essendon.
what is royal mail case? A noted English criminal case in 1931. what is the background of this case? The director of the Royal Mail Steam Packet Company, Lord Kylsant, had falsified a trading prospectus with the aid of the company accountant to make it look as if the company was profitable and to entice potential investors. where is the aforementioned company from? London. what is this company's history? It was founded in 1839 by James MacQueen, ran tours and mail to various destinations in the Caribbean and South America, and by 1927, was the largest shipping group in the world.
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Royal Mail Steam Packet Company [SEP] Reconstitution as Royal Mail Lines
The company ran into financial trouble, and the UK Government investigated its affairs in 1930, resulting in the Royal Mail Case. In 1931 Lord Kylsant was jailed for 12 months for misrepresenting the state of the company to shareholders. So much of Britain's shipping industry was involved in RMSPC that arrangements were made to guarantee the continuation of ship operations after it was liquidated. Royal Mail Lines Ltd (RML) was created in 1932 and took over the ships of RMSPC and other companies of the former group. The new company was chaired by Lord Essendon. The new company's operations were concentrated on the west coast of South America, the West Indies and Caribbean, and the Pacific coast of North America; the Southampton – Lisbon – Brazil – Uruguay – Argentina route was operated from 1850 to 1980.