P. AND O. COMPANY.

Hawera & Normanby Star, Volume XLII, Issue XLII, 11 October 1922, Page 7

P. AND O. COMPANY.

~ " -'- .'I PROFITS FOR THE YEAR. j BY CaBLB-PEESS ABSOCIATION-COPYB.IGHT Received Oct. 11, 11.40 a.m. LONDON, Oct. 10. The P. and 0. have a credit baalnce for the year of ,£7,444,901 and carries forward £101,799.' The report states tfchat the Egypt's captain, who had been all his life in the company's service with an unblemished record without accident, voluntarily resigned and had been granted the maximum pension tm<ler the. company's rules. It was ex~ pectecl that the Mongolia would be delivered early in the spring, the Mooltan in June and the Maloja in August. Ilhe directors are preparing plant for several new mail steamers and will invite tenders as soon as the time apf»ears favourable. There has been a ■slight improvement in the outward Itrade. but it is still very poor. The homeward trade is greatly bound up with the outward. Current rates, to •j» great extent, were unremunerative. "The passenger trade was satisfactory, -©very outwafd vessel being fully book-•!Gd.—Aus.-N.Z. Cable Assn.