P. AND O. COMPANY’S ACCOUNTS
LONDON, Dec. 8. The P. and O. Company’s full accounts are:—Brought in, £169,693; net profit, £830,887; reserve account, £250,000; properties and rebuilding reserve, £1,000,000; provident and good service account, £107,000. Dividends absorb £386,706, and the carry forward is £163,874. The directors’ statement, after referring to increased costs of construction and reconditioning says that the company s liquid resources will be needed to the full if the rebuilding programme is to be carried out. The company has already spent oyer £500,000 on reconditioning and the directors have transferred to a special reconditioning account £200,000 from voyage profits.
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Otago Daily Times, Issue 26641, 11 December 1947, Page 9
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101P. AND O. COMPANY’S ACCOUNTS Otago Daily Times, Issue 26641, 11 December 1947, Page 9
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