SHIPPING, TRADE, AND THE WAR
iP. 'AND 0. COMPANY'S EEPORT. ." London, December 7. The Peninsular and Oriental Steam ■Navigation Co. has made a profit of .'£359.703: The sum of £68,703 hasbeen brought forward. The directors Teport that immediately war was declared tho Admiralty commandeered nearly.half tho company's fleet, upward of 200,000 tons. There has boon a certain revival in exports to India and lAustralia, hut not to China or Japan. IA formidable obstacle to trado will be . the war insurance, for' which tho company paid £31,000 in eight weeks. The >ost of running tho ships has increased , in every, direction, except canal dues, ' but considering the company's contingient fund of £450,000 and the ordinary reserve of £1,874,000, the directors feel justified in recommending a dividend .and bonus.
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Dominion, Volume 8, Issue 2328, 9 December 1914, Page 8
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127SHIPPING, TRADE, AND THE WAR Dominion, Volume 8, Issue 2328, 9 December 1914, Page 8
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