COMMONWEALTH LINE.
CUTTING OF LOSSES.
£8,000,000 MENTIONED. Australian and N.Z. Cable Association. ! (Reed. 4.5 p.m.) LONDON, Feb. 23. i Australian cablegrams allege that busi- ; ness men estimate that it is necessary to write off £8,000,000 of the capitalised value of the Commonwealth ships and cut /losses before incurring further risks. 1 Mr. H. B. G. Larkin, manager of the Commonwealth Line in London, prefers i not to controvert the allegations, because ihe has already forwarded to the Prime ; Minister the fullest possible financial details. He proposes to follow up this in- ! formation with personal communications when he arrives in Melbourne on April ! 19. ' '-}■ j It is understood that two great shipping combinations have made overtures for the acquisition of the Commonwealth Line.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19230226.2.68
Bibliographic details
New Zealand Herald, Volume LX, Issue 18334, 26 February 1923, Page 7
Word Count
122COMMONWEALTH LINE. New Zealand Herald, Volume LX, Issue 18334, 26 February 1923, Page 7
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.