The Hamburg-American Line o£ steam<rs was able to present a much more satisfactory statement of accounts to shareholders'for th». year just terminated than at the annual meeting twelve months earlier; On the latter occasion thp dividend had to he passed, owing 'to the ereatlv Teducerl earnings caused by the crisis 'in America. No«% however, profits are sufficient tn provide about XI.daO.OOO for . dividend, depreciation and reserves, ns.against £SU,m in 1908. The direc,tors 'propose to allocate .£Bo.ooo to reserves, to nay a 6 pnr cent, dividend, and to nnrinrlinn the balance—in round num--liers"jei.ooo,oOO-tp , depreciation, and, reserves of various kinds. The insurance account now stands at ,£BOO,OOO. and the romnanv's I''ri"id rc=errps on Deeeiuber 31 last" totalled -.£1,700,000.
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Dominion, Volume 3, Issue 789, 12 April 1910, Page 8
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116Untitled Dominion, Volume 3, Issue 789, 12 April 1910, Page 8
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