ISMAY IS TO QUIT

New York Times

Will Retire June 30---Harold Sanderson to Take His Place
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by Marconi Transatlantic Wireless Telegraph to The New York Times
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LONDON, Dec. 31.---J. Bruce Ismay will retire from the Presidency of the International Mercantile Marine Company next June 30, and will be succeeded by Harold Sanderson, First Vice President.

An official statement issued today states that Mr. Ismay intimated his desire to [illegible; either "retire" or "resign"] last February. Arrangements were then made for the change to take place next June. Mr. Sanderson will receive six months' leave of absence from to-morrow.

The change will necessarily include Mr. Ismay's resignation from subsidiary positions, such as the Chairmanship of the White Star Line, but to meet the wishes of his colleagues he has consented to remain a member of the Board of Directors of the International Mercantile Marine Company and of the British Committee.

The announcement now made confirms the statement as to Mr. Ismay's approaching resignation first made in THE NEW YORK TIMES last Sept. 10, and at that time denied.

The other engagements to which Mr. Ismay will continue to devote himself are the Chairmanship of the Asiatic Steamship Company and the Liverpool and London Steamship Protection Association, and Directorships in the London & Northwestern Railway, Liverpool and London and Globe Insurance Company, the Sea Insurance Company, and the Pacific Loan and Investment Company.

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Joseph Bruce Ismay

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