’PLANES v. SHIPS.
LORD INCHCAPE NOT AFRAID OF COMPETITION. BY CABLE—PRESS ASSOCIATION—COPYRIGHT. LONDON, Dec. 8. Referring to the prospects of competition from aeroplanes and airships, Lord Inchcape, speaking at the meeting of shareholders of the Peninsular Company, said that he did not believe the prophesies that they would hit the shipping companies badly within the next few years. The Peninsular Company would hold its own fox* many a long day, although liner -shipping at present was doing badly. A conservative statement -prepared by accountants showed that if the company were wound up and the ships and investments sold at current rates they could discharge in full their obligations to preference shareholders and give the deferred stock holders more than the present market value of their holdings. He mentioned that the coal stx*ike had' cost the company £200,000 for coal alone.
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Bibliographic details
Hawera Star, Volume XLVI, 10 December 1926, Page 7
Word Count
140’PLANES v. SHIPS. Hawera Star, Volume XLVI, 10 December 1926, Page 7
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