NEW ZEALAND SHIPPING COMPANY
The ordinary general Reeling of ibfi Company waa heW at WlpbheiMr Honae, Old Broad street, on Tuesday December 18ib. Sir J. B. Gorgt, Q. 0., M.P. (Ohsirjoin), having referred with regret to the death that morning of one of their Directors, Sir William Pearoe, atated that the result of the lnveßtlg*tibn Into the aff*ira of the Company showed ihat thti present position was aa follows :— Up to October 31st of th«s year they had loit £80,000, or about 17 per oent of their capital. Daring the year 1888 they had not made a satisfactory profit, j>at they had largely rednoed their expenditure t and they had before them prbspeota of a Tery profitable year, with the likelihood of making a large inrplns to, enable them to make good the defiolenoy m the capital or ifto pay a dividend. Ho did not think that they had any reason to be downcast, for the position of the shipping trade was now decidedly, better, and he did not think that thfl shareholders would Bpd that the money they bad placed m the Company was such a bad Investment v they had for the past three or four years thought was the case. The report was adopttd.
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Ashburton Guardian, Volume VII, Issue 2057, 7 February 1889, Page 2
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207NEW ZEALAND SHIPPING COMPANY Ashburton Guardian, Volume VII, Issue 2057, 7 February 1889, Page 2
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