LOWER P. AND O. EARNINGS
THE OUTLOOK FOR SHIPPING (Rec. 7 p.m.) LONDON, Dec. 12. The P. and O. statement for the year ended September 30, 1944. says the net earnings showed a reduction of £285,000, which was partly offset by a smaller charge for depreciation. The balance of profit available is £442,267, including £189,456 brought in.
The statement says: "It is reasonable to anticipate that shipowners will in the not far distant future be permitted to build ships suitable for particular trades. The change-over to peace-time services, both passenger and cargo, must necessarily be slow and handicapped in the early stages by the lack of an adequate number of ships.”
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Otago Daily Times, Issue 25717, 13 December 1944, Page 2
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111LOWER P. AND O. EARNINGS Otago Daily Times, Issue 25717, 13 December 1944, Page 2
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