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The Onedin Line episodes
Title: Winner Take All
Original air date: 21 January 1972
Writer: Cyril Abraham
The Onedin Line now owns 27,484/10/4 in assets. But that's not cash in hand and James Onedin needs 1500 to pay off the Pampero. Robert Onedin and Sarah are, however, overjoyed with the 200 dividend they get from their 15% stake (for which they originally invested 15). James Onedin has no intentions of letting Albert Frazer build the Golden Nugget - that was clearly just a story to get out of a difficult situation. Albert Frazer is in financial trouble now, but Elizabeth sweet-talks his father to take him back into his business and consequently arranges a dinner party designed to get them and James to talk business.

Albert Frazer explains the economics of a steam ship. Sailing ships have reached their limit in size, but steam ships can be made much larger. A big one would cost 40,000, the price of four clippers, and 1000 in coal for a round trip to Quebec, Canada, but it would carry the same cargo as two clippers (2500 tonnes) and do the round trip in 28 days instead of 52.

James Onedin orders a 4000-tonne ship, for which he floats a public company with 100,000 worth of shares (60,000 for building the ship and 40,000 for operating costs). Albert Frazer gets 15%, but James Onedin is to own the ship. 50,000 will be on call, so with an investment of 20,000 he will control the company because shareholders always disagree (or so he is told). But Mr. Callon buys a majority through different nominees (so James won't know what's happening) and manages to sway the other shareholders into electing him as director. Mr. Callon now 'owns' The Onedin Line. On top of that, Baines, a captain now and on his first command, sinks the Pampero while rounding the notoriously dangerous Cape Horn. James Onedin is in a fit, but Anne reminds him he still has the Charlotte Rhodes.
Text source: Wikipedia
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