BRITISH TRADE.
NO DIVIDENDS AVAILABLE. CRISIS IN RUBBER. By Telegraph.—Press Assd —Copyright London, August 22. The Times states that there is a serious crisis in the rubber trade owing to the fall of prices to less than 9d. Few companies are operating profitably, and a scheme is on foot to control the output and raise the price. Harrods and many other companies are not paying interim dividends owing to the trade depression. Marconi’s company in 1920 made profits of £298,000 compared with the previous £1,221,000, and the ordinary dividend has been reduced from 25 to 15 per cent.
Sir Frederick Lewis, of the firm of Furness and Withy, estimates the gross earnings of British shipping have fallen from 350 to 400 millions sterling two years ago to 70 millions in the current year. Merchants report that, trade is showing a slow but steady improvement.
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Taranaki Daily News, 24 August 1921, Page 5
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144BRITISH TRADE. Taranaki Daily News, 24 August 1921, Page 5
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