SYDNEY HOTEL LOSSES
V STew Zealand- visitors *to Sydney will know .the Wentworth Hotel," one of ttje best-known1 ia; the city. ; Its owners have been experiencing a succession of lossesin trading. The latest" to 30th June-last: was1 £3125.! This: Compares with losses^ of' £841 iv 1928-29,' arid £2676 in 1927-28. As.previously the "loss is charged against, the general reserve, which is then reduced; ■to. £13,723. Capital is £50,000. Reserve for., depreciation has increased £1549 at £27,647.. External liabilities amount to £30,433, sundry" creditors increased by £2822. Assets^total £121,304. The year'sresults: are' itated to be due solely to the decreased trade, caused by, the depression.l
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Evening Post, Volume CX, Issue 73, 23 September 1930, Page 12
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104SYDNEY HOTEL LOSSES Evening Post, Volume CX, Issue 73, 23 September 1930, Page 12
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