NECHI DREDGING
FOREIGN EXCHANGE SHORTAGE 'ln a circular to shareholders, Nechi Consolidated Dredging, Limited, advises that the greatly increased cost of equipment has upset seriously estimates made early in 1946. The construction programme has therefore been limited. Funds in hand are in the form of Canadian dollars and are subject to new foreign exchange restrictions. The company is now faced with the problem of obtaining funds for United States dollar and Colombian peso commitments. Placer Development, Limited, the company’s largest shareholder, is helping to meet this shortage of foreign exchange.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ODT19480517.2.89
Bibliographic details
Otago Daily Times, Issue 26773, 17 May 1948, Page 6
Word Count
90NECHI DREDGING Otago Daily Times, Issue 26773, 17 May 1948, Page 6
Using This Item
Allied Press Ltd is the copyright owner for the Otago Daily Times. 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 Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in