COMMONWEALTH LINE
BUSINESS BEYOND ANTICIPATION.
London, March 17.
Mr. Larkin, commenting on the Australian cablegrams to the London Press challenging 1 the solvency of tho Commonwealth Line of steamers, stated that the gross profits tib the end of June last were £3,182,000, and the net profits .£2,200,000, after allowing a million for interest on the original purchase outlay, depreciation, and renewals, besides placing £450.000 to credit of underwriting. Referring to the current year, Mr. Larkin said the first half showed a. substantial profit, and the second half, ending in June next, promises a moderate profit. In any Clise, tho line would be in a better position than its competitors in the same trade. Business was developing beyond anticipation.—Aus.-N.Z. Cable Assn,
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Dominion, Volume 14, Issue 149, 19 March 1921, Page 7
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120COMMONWEALTH LINE Dominion, Volume 14, Issue 149, 19 March 1921, Page 7
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