P. AND O. COMPANY.

Grey River Argus, 12 October 1922, Page 5

P. AND O. COMPANY.

TRADE PROSPECTS VERY I POOR. I i I LONDON, October 10. j : The I*, and O. Company’s annual re- I port states that the Egypt’s captain, ' who has been all his life in the com- j pany’s service, with a previously un- ■ blemished record without accident, has ' voluntarily resigned, and has been . granted the maximum pension under the I company’s rules. It is expected that. the Mongolia will be delivered early in I I the spring, the Mooltan. in June, and the Mala.j.-i in August. The directors are preparing plans for several now mail steamers, and will invite tenders as soon as the time appears favourable. ’There has been a 'light improvement in the outward Jrade, but it is still \ery poor. The homeward trade is greatly bound up with the outward. Current rates to a groat extent are unremunerative. The passenger trade is satisfactory, every outward vessel being fully loaded.