COSTLY AND UNPROFITABLE VENTURE
4 REPORT OX WALSIT ISLAND DOCKYARD. Sydney. August. 11. Tho report of the Royal Commission appointed to inquire into (he working of the Government dockyard nt Walsh Island is strongly condemnatory. It states that capital has been expended- unprofitablv in equipping the establishment. The cost of the work, compared with tha.t done elsewhere, is excessive, and neither the estimates of the eo=t of tho work or the charges provided for depreciation or interest on capital. Since its inception tho establishment has been a distinctly unproductive venture. Tho renort. recommends a reduction to suitablo dimensions to meet the needs of the service by selling the establishment as a whole or erecting smaller works, or tho sale of portion of tho uorks.—Press Assn.
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Dominion, Volume 12, Issue 271, 12 August 1919, Page 7
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125COSTLY AND UNPROFITABLE VENTURE Dominion, Volume 12, Issue 271, 12 August 1919, Page 7
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