MERCANTILE MARINE
BRITAIN’S JCONTROL MEASURED ;by capital invested.
By Telegraph—Press Assooiation—Copyrigb ! London, Oct. 3.
Palf tho capital of the mercantile marine will bo preference stock carrying six per cent, of cumulative interest. The company has authorised the issue of fifteen millions sterling, in 41 per cent, bonds. Tho Times, commenting on tho figures, says: They imply an anticipation of nearly two millions annual profit, but the inward freights are very low, and tho economies of management limited by tho retention of separate boards under the agreement given to Great Britain. The Times adds : Our control of tho Atlantic trade will bo measured in tho long run by tho capital wo invest.
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Bibliographic details
Gisborne Times, Volume VIII, Issue 538, 4 October 1902, Page 2
Word Count
111MERCANTILE MARINE Gisborne Times, Volume VIII, Issue 538, 4 October 1902, Page 2
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