HUGE SHIPPING PROFITS.

Bruce Herald, Volume LIII, Issue 67, 27 August 1917, Page 4

HUGE SHIPPING PROFITS.

BONUS OF 400 PER CENT. The report and accounts of the }}^ e Star Line for 1916 show a pro j *A 402.758, after providing for preferred liabilities, inc hiding excess profits taxation padding interest on investment and transfer fees. A dividend of 20 per cent was derlared as against 65 per cent, for mo. IS is die** th<vfaS that the capita has been increased from »to £3.750.000, a reserve ot &d,UUU,uuu, which had been built up .in pre-war years, having been capitalised during the past year; • ~,.,, j This has apparently been distributed aa a share bonus to the holders of the old ordinarv shares, the International Mercantile 'Marine Co., and represents '.- a bonus of 400 per cent. On the former capital-.basiß the present dividend would - ; i>9 equal to 100 per cent,