FORTUNATE SHIPBROKER.
About two years ago a Norwegian barque, the Sator, arrived at Auckland in a very badly damaged state, and after being repaired, left Kaipara lor the United Kingdom. Her troubles were by no means over. Outside Moute Video on October 23rd, 1915. she collided with an iceberg, and was taken into that port in a badly leaking condition. Since then no word was heard of her until advices received in Auckland by the latest mail (says the “Star”) gave additional details of the cdd vessel. It appears that after leaving South America she was wrecked on the coast of Florida and towed into New Orleans for salvage. The damage done to the vessel was so great that her owners refused to take her back, and left her in the hands of an insurance company, which offered the wreck for sale at £IOOO, but not finding any purchaser reduced it to £6OO. Eventually it was bought by a shipbroker, who succeeded in knocking down the price to £SOO. This enterprising individual put the vessel aside for awhile, and when the shipping boom was in full swing disposed of her for £40,000.
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Greymouth Evening Star, 26 September 1917, Page 7
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192FORTUNATE SHIPBROKER. Greymouth Evening Star, 26 September 1917, Page 7
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