P. AND 0. COMPANY
CONVERSION OF VESSELS TO OIL-BURNERS. London, November 30. The Peninsula and Oriental Steam Navigation Companv’s credit balance is £919,096, and the reserve for the redemption of debentures is £274,687. The amount carried forward is £133,136. , , The report states that, thanks to the conservative policy hitherto adopted, and not to profits made, the directors are prepared to propose a dividend of 10 per cent. on. preferred stock. , The experience of oil fuel having been satisfactory, the Narkuuda and Naldera will be converted from coalburners to oil-burners as soon as possible.
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Dominion, Volume 20, Issue 58, 2 December 1926, Page 11
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93P. AND 0. COMPANY Dominion, Volume 20, Issue 58, 2 December 1926, Page 11
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