Year's Loss £38,632.
As a result of the decline in trade and the decreased number of vessels using the port, and the continual increases in costs, the Wellington Harbour Board suffered a loss on the working for the year of £38,632. The costs of handling cargo ex vessels has risen to such an extent that the margin between labour cost and wharfage received has so dwindled that little or nothing was left for overhead expenses, stated the chairman, Mr. W. 11. Price. In some cases the labour cost exceeded the amount received for wharfage. The present trend of declining revenue and rising costs called for some remedy, and the board would have to explore ways and means of meeting the situation, added the chairman.
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Bibliographic details
Gisborne Herald, Volume LXXI, Issue 21579, 5 December 1944, Page 2
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124Year's Loss £38,632. Gisborne Herald, Volume LXXI, Issue 21579, 5 December 1944, Page 2
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