TRADE SLUMP
IN BRITAIN.
PROFITS SHRINK. LONDON, Jun.* _'!G About eight in’illious sterling- o npw loan issues were made t.his morn ing. They included one of three mi! lions two hundred thousand pre-’”, ence shares in the Union Cold age Cloy., for the purpose of repay
ing loans, and providing furili-. working capita'. The Beardinore Company report a nett, loss on the year after the pa • me nt of debenture interest, ol I'V‘ hundred and three- thousand sterling No allowance is made for the d‘preeiation of machinery. A divi le-. i for preference shares however, has been passed. The Workman Clark Company ' - a loss for this year, including .he amount of debenture interest not paid, one hundred and eighty-two thousand sterling, making a tot d deficit of £2,571,925. The directors state that it is only possible to Keep their yards partially open, by rnnk ing contracts at prices showing a small margin. dne cash in hand only £892 - ■
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Bibliographic details
Grey River Argus, 23 June 1925, Page 5
Word Count
158TRADE SLUMP Grey River Argus, 23 June 1925, Page 5
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