PLIGHT OF HUN SHIPPING.

Feilding Star, Volume XII, Issue 3001, 24 July 1916, Page 3

PLIGHT OF HUN SHIPPING.

102 LINERS SEIZE!! OR SUNK

DURING THE WAR.

London, June 2. The reports of a large number of German shipping concerns, which arc reviewed in the Shipbuilding and Shipping Record, make excellent reading— from the British point of view. Fifteen companies, which in 1913 distributed to their shareholders a total of 178 per cent, in dividends, were only able to declare a total of 12 per cent, for last year. One hundred and Sixty-two of these companies'. liners have been seized or sunk. Details of some of tho Josses in ships are as follows: — Ships seized before or Line. war. sunk. German East Africa ... 26 5 German Levant 60 20 Hamburg-American ••• 181 30 Hansa 68 34 Neptune 75 15 North German Lloyd . 120 24 Oldenburg-Portuguese . 25 10 . Seven large companies, including the Hamburg-American, the German Levant, and the North German Lloyd, issued no balance-sheet or report, while five out of Io concerns, including tho Hansa and the Neptune, declared no dividends. The Hamburg-South American me formed a special war reserve of £98,----000 in 1914. Last year the compauy took from it £48,000 to pay a- dividend of 4 per cent., compared with 14 per cent, iv 191.3. Some companies are cutting down their capital, and a number aro in liquidation.