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NEW ZEALAND SHIPPING COMPANY.

•. ■ . London, December ..1&. The Directors of the New Zealand Shipping Company report that an examination of the books of the Company m New Zealand shows that the colonial balance sheets have been iqaccurate. The cost of ships and steamers is overstated by ;£7 3,000, and the depreciation of steamers is tinder-estimated by ;£84,000. The report recommends the gradual extinction of the deficit m the hope of a prosperous future; In the report to shareholders the Committee recommend that the rules should be remodelled m order to permit;the transfer of the entire management to London. . . .

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AG18881215.2.18.1

Bibliographic details

NEW ZEALAND SHIPPING COMPANY., Ashburton Guardian, Volume VII, Issue 2014, 15 December 1888

Word Count
98

NEW ZEALAND SHIPPING COMPANY. Ashburton Guardian, Volume VII, Issue 2014, 15 December 1888

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