HOWARD-SMITH
SHIP EARNINGS INCREASE
Mr. A. Howard-Smith, chairman of Howard-Smith, Ltd., said at the annual meeting of the company held in Sydney that the company's earnings in 1937 totalled £146,073, compared with £141,821 last year. The directors regarded the result as satisfactory, considering the effect of the recent coal strike, and the loss of the steamer Saros. No dividends were received from the shareholdings in Caledonian Collieries, Ltd., and the Invincible Colliery, Ltd., coal prices being such as to preclude the payment of dividends by them. Mr. Howard-Smith said that, following 'the contract placed in March last year for a new 5450 tons deadweight cargo steamer to replace the Saros, it was expected that the new vessel, the Cycle, would arrive in Sydney this week.
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Bibliographic details
Evening Post, Volume CXXVII, Issue 74, 29 March 1939, Page 14
Word Count
125HOWARD-SMITH Evening Post, Volume CXXVII, Issue 74, 29 March 1939, Page 14
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