GERMAN SHIPPING COMMERCE.
The most important German shipping companies havo ceased, with Imperial sanction, to issue reports or , balancesheets, so that how they have fared during tho wai .cannot be officially determined. Some of the smaller concerns continue to publish their accounts, but the optimism prevalent on the outbreak of war has disappeared. The Flcnsburg Shipping Company, in recording a loss, speaks of an entire cessation of income except from, investments. At the same time, the directors decline to write down the valuation of the fleet on the expressed assumption that the company will receive an indemnity at the end 'of the war. Some of the companies which were establishing a Baltic trade speak of tho action of British submarines forcing up insurance rates fo v a level which almost wipe out the trading profit. The commonest "solace to the . shareholders, however, is still'the hope of an indemnity.
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Bibliographic details
Evening Post, Volume XCI, Issue 107, 6 May 1916, Page 10
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148GERMAN SHIPPING COMMERCE. Evening Post, Volume XCI, Issue 107, 6 May 1916, Page 10
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