ORIENT LINE
WHY: NO DIVIDEND PAID
(Received 21st December. 10 a.m.) ' \ ■','. LONDON, 20t1i .December. At the annual meeting-of the Orient Steam Navigation Co., Ltd.; Sir Alan Anderson,^ presiding; said: "We have been guided in our decision not to pay a dividend not so much by the cash which would enable the payment of a dividend as by the prospects of trade. , "The Australian passenger .' trade does not as yet show those clear signs of improvement which would alone justify the payment of a dividend from, reserves. "We have reason to be thankful in this year of collapse that we have not only avoided actual loss, but have realised a cash profit of £100,000 on holiday cruises, which have helped to solve the unemployment problem."
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Bibliographic details
Evening Post, Volume CXIV, Issue 149, 21 December 1932, Page 12
Word Count
124ORIENT LINE Evening Post, Volume CXIV, Issue 149, 21 December 1932, Page 12
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