SHIPPING COMPANY.
STATEMENT BY CHAIRMAN,
WILL HOLD ITS .OWN FOR LONG DAY.
Received December 9, 12.20 p.m. LONDON, Dec. 8. Referring at the meeting of the Peninsular and Oriental Shipping Co. to the prospects of competition from aeroplanes and airships, Lord Inchcape (chairman) said he did not believe the prophesies that they would hit the shipping companies badly within the next few years. The Peninsular and Oriental Company would hold its <nvn for many a long day. Although liner shipping at present was doing badly, a conservative statement prepared by accountants showed that if the company was wound up tho ships and investments sold at the current rates they could discharge their full obligations to the preference holders and give deferred holders more than the present market value of their holdings. He mentioned that the coal strike cost the company £200,000 for coal alone.—A. and N.Z. cable.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/MS19261210.2.11
Bibliographic details
Ngā taipitopito pukapuka
Manawatu Standard, Volume XLVII, Issue 11, 10 December 1926, Page 2
Word count
Tapeke kupu
147SHIPPING COMPANY. Manawatu Standard, Volume XLVII, Issue 11, 10 December 1926, Page 2
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Manawatu Standard. 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 Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in