1st.ed., 1982. Xii + 291 pp., frontis, + 28 other photo-plates. D.j., 24 x 16cm. FINE in V.G. +. dust jacket. In the 1920s the group of shipping companies controlled by the controversial Lord Kylsant, Chairman of the Royal Mail Steam Packet Company, was acknowledged as a pre-eminent example of British enterprise. By the year 1929 the Group owned about 15% of the huge British merchant fleet, and when it collapsed a year later its demise hit most sections of the national economy. The Treasury joined with the City of London and the Bank of England in a major rescue operation. The downfall of the Group led to the trial and conviction of Lord Kylsant on charges of issuing a false prospectus. This is the first detailed account of the rise, fall, and reconstruction of the Royal Mail Group from 1902 to 1937. It describes one of the most remarkable episodes in the history of British shipping and hitherto one of the least understood. Shipping lines in the Group included Royal Mail Steam Packet Co., African Steam Ship Co., Coast Lines, Elder Dempster, Glen Line, Lamport + Holt, Union-Castle, White Star, etc.