The London correspondent of the '"Post" writes : — The hugc factory of the Sopwith Aviation and Engineering Company, Ltd., at Kingston-on-Thaines, famous for the thsusanda of aeroplanes it turned out durthe war, has now closed. The company has decided to go into voluntary liquidation through lack of capital. The factory covers several acres of land, and lemployed 1600 hands. Since the war it has been utilised in the manufacture of the well-known A.B.C. motor-cycles. The sudden slump in the motor-car trade has caused the firm to come to this decision. The closing down of the factory, unfortunately, throws 1400 employees out of work. The assets of the firm are estijnated at something like £500,000, but, as the liabilities are comparatively small, it is expected that all the firm's creclitors wiii receive payment in full.
Permanent link to this item
https://paperspast.natlib.govt.nz/periodicals/DIGRSA19201126.2.37
Bibliographic details
Digger (Invercargill RSA), Issue 37, 26 November 1920, Page 10
Word Count
133Untitled Digger (Invercargill RSA), Issue 37, 26 November 1920, Page 10
Using This Item
See our copyright guide for information on how you may use this title.