PROFITS FROM WHALING.

Manawatu Herald, Volume LI, Issue 4037, 4 January 1930, Page 2

PROFITS FROM WHALING.

PIETY PER iCEN'T., DIVIDEND.

According to a financial statement issued by Anglo-Norwegian Holdings, Limited, for the information of British shareholders, dividends of 50 per cent, were declared for the yeaJr ended June 30 by each of two subsidiary whaling companies, A/S Tpnsbergs HvalLtngeri and the Anglo-Norse Company, Limited. A third company, the Falkland Whaling Company, Limited, was registered in Julyi Ang-10-Norwegian Holdings, Limited, taking up the whole of the’issued capifal, £150,000. Commenting on the huge profits made from the whaling industry in recent yeajrs, the London journal I’ajirplay states that if such companies increase as they have done recently it is not impossible that the supply of raw material will not be equal to the excessive demands, especially since the use of aeroplanes and electric harpoons will afford happier despatch to the whales. If the ruthless warfare he not checked, tlie fate of one of the most useful mammals to will be sealed. The average investor will join in any venture that promises a speedy and rich reward. 'Where it succeeds, thousands rush in, with the result that ultimately nothing worth having is left, and those who come in at the eleventh hour lose their capital. The wjriter remarks that —some sort of self-denying ordinance li/ght help to preserve the whale, or the League of Nations could formulate rules if it had policing powe'r behind it.”