TRADE SLUMP

Grey River Argus, 23 June 1925, Page 5

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 - ■