SHIPPING PROFITS.
CUNARD'S FINANCES. NO DIVIDEND THIS YEAR. DRAWING UPON THE RESERVES. (UV TELEGKA.PH—ritESS ASSOCIATION—COI'XRIGHT.) (lice, April 13, 9.32 p.m.) London, April 13. 'Hie Cunnrd Compnny, wheso trans-Atlantic licet includes tho two jjreat record-breaking steamers Lnsitanin and Maurotania, will declare no dividend for tho yoar. Tho gross profit for the yoar is £18G,000. This, together with a sum of £150.000 taken from reserves, will ho used to coyer depreciations and interest on debentures.
[Tho bis English company, like its great German rivals, will not pay a dividend this year. It was cabled on April i: "Tho North Gorman Lloyd Company reports Hint the unprecedented falling-off in tho number o[ immigrants to the United States, the depression in trade, and tho freight wars have resulted in a reduetion.of the surplus to 9,218.(100 marks (about .CIGO.OOOI, against. 32,G97,000(ab0ut .41,630,000) at the end of 1907. The company will be obliged to. draw en its entire reserve ,'iid renewal funds iu order to carry out the necessary writing-off operations." Tli competition of the big Cunarders i\> partly blamed by the Germans for their financial losses.]
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/DOM19090414.2.55
Bibliographic details
Ngā taipitopito pukapuka
Dominion, Volume 2, Issue 481, 14 April 1909, Page 7
Word count
Tapeke kupu
181SHIPPING PROFITS. Dominion, Volume 2, Issue 481, 14 April 1909, Page 7
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Dominion. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in