STEAM PACKET COMPANY.
Auckland, May 28.
The Auckland Steam Packet Co. directors regretted that their report was of a
most Unsatisfactory character, as' shown by the accounts on the loss of the sale and working of the s.s. Llewellen, LBs£3;-by the stranding of the Pretty Jane, L 1.033, and by the sale of the hulk Albion, L 368. The nett earnings of the boats, after covering all repairs, is L 348 0; carried to credit of insurance fund, L 520, which fund, after writing off L 1033 on account of the Pretty Jane, shows a credit balance, LIG9S lis. 6J. Very heavy loss was entailed by the reduced value of the Company's vessels, which were purchased when the value of steamers was much higher, also from the unfavourable result of the past year's
trading,
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Bibliographic details
Oamaru Mail, Volume I, Issue 342, 29 May 1877, Page 2
Word Count
134STEAM PACKET COMPANY. Oamaru Mail, Volume I, Issue 342, 29 May 1877, Page 2
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