SHIPPING LOSSES
(I'ress Assn.-
GERMAN COMPANIES FORCED TO WRITE DOWN CAPITAL.
-By TelesrapU— CopyrlgTit).
BERLIN", Wednesday. Forty-eight ships, totalling 238,000 tons, one-quarter of the Nortli German Idoyd's total tonnage, are laid up. The company's balance sheet sliows a net loss of £458,900. The Hamburg-America line shows a loss of £230,800. In order to cover their losses both companies are writing off two-thirds of their capital.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/RMPOST19320630.2.31
Bibliographic details
Rotorua Morning Post, Volume 2, Issue 263, 30 June 1932, Page 5
Word Count
65SHIPPING LOSSES Rotorua Morning Post, Volume 2, Issue 263, 30 June 1932, Page 5
Using This Item
NZME is the copyright owner for the Rotorua Morning Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in