COMMONWEALTH SHIPS
EARNINGS AND PROFITS. Tho accounts showing the transactions of the line of steamers purchased by Mr. Hughes as within the Commonwealth have been inspected from timo to time by the Auditor-General". According to his report, the statement to June 30,1917, showed that since the inception of the account on June 30, 1916, the ships had earned in Australia £92,114 15s. 2d. 1 , added to which £G9.525 had been remitted from the head office funds. • The disbursements in Australia in the same period amounted to £142,554 los. 3d., leaving a credit balance of £19,384 19s. 9d. in Australia. From the report of Sir William Plender upon the accounts of tho London branch of the Commonwealth Bank it was observed that the overdraft on June 30, 1917, of the Commonwealth Government line of steamers acoount was £1,816,587 4s. 6d.
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Dominion, Volume 11, Issue 112, 29 January 1918, Page 8
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139COMMONWEALTH SHIPS Dominion, Volume 11, Issue 112, 29 January 1918, Page 8
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