THE SYDNEY BRIDGE
CONTRACTORS' LOSS
MORE THAN £400,000
LONDON, sth December.
The "Financial Times" says:—"The loss on the-Sydney Harbour Bridge is not surprising. It had been anticipated that the contract would be financially adverse.
"Dorman, Long, and Co. incurred heavy losses on the transfer of payments for the bridge from Australia to England, owing to the unfavourable exchange. On this account £129 677 was written off in 1931, and £75,602 is included in the present balance-sheet for further transfers—thus the loss on the bridge to date is £442,279. "The cost was inevitably affected by the strike of 1926, and other troubles which delayed completion. The comWwlafS 1 deficienev for the year is
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Bibliographic details
Evening Post, Volume CXIV, Issue 147, 19 December 1932, Page 9
Word Count
112THE SYDNEY BRIDGE Evening Post, Volume CXIV, Issue 147, 19 December 1932, Page 9
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