HEAVY LOSSES.
— ; SHIPBUILDING FIRMS SUFFER. BY CABLE —PRESS ASSOCIATION—COPYRIGHT LONDON, June 22. The Beardmore Company’s report shows a net loss for the year after the payme-nt of debenture interest amounting to £503,000. No allowance is made for the depreciation of machinery. A dividend on preference shares was passed. Messrs Workman, Clark and Company showed a loss for the year, including debenture interest not yet paid, of £182,000, making the total deficit £2,571,925. The directors state it is only possible to keep the yards partially open by making contracts at prices showing a small margin. The cash in hand was only £892.
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https://paperspast.natlib.govt.nz/newspapers/HAWST19250623.2.34
Bibliographic details
Hawera Star, Volume XLV, 23 June 1925, Page 7
Word Count
101HEAVY LOSSES. Hawera Star, Volume XLV, 23 June 1925, Page 7
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