NEW TRAWLER.

Grey River Argus, 22 June 1927, Page 6

NEW TRAWLER.

FOR AUCKLAND FISHERY. (Per Press Assn.) AUCKLAND, June 21. The North Sea steam trawler Thomas Bryan has been purchased by Sanford, Limited, fish merchants, Auckland, to add to their fleet of fishing vessels. The Thomas Bryan is of 300 tons. She was built at Aberdeen in 1918. She is expected to arrive in /Auckland in August. The annual report of Sanford, Ltdstated that, after providing for depreciation, the nett profit for the year amounted to £11,377. An interim dividend of 3| per cent, was paid last December, and the Directors propose paying a further dividend of 3| per cent., and to place £2OOO to the income tax reserve, leaving £1334 to carry forward. The report states the conditions during the season were not as favourable as anticipated. During the “school fish’’ season (November to January) the Government imposed further restrictions on trawling and seine fishing, with the result that there was a shortage of fish during the months when supplies usually are plentiful. Working costs had also been higher owing to increases in wages to shed hands and the crews of trawlers, as the Company’s trawlers had to go further afield The Directors, in order to ensure ample supplies in future, have decided to purchase the new trawler. This has involved a considerable capital outlay but the Directors are satisfied the results will fully justify the purchase.