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SUEZ CANAL COMPANY

PARIS, Juno .16. At the meeting of the Suez Canal Company the report showed that the commercial traffic from August to December fell nearly 40 per cent., but military transport receipts constituted an. important set-off. The company’s loss for the first five months of the war was 6,500,000 francs, which was reduced to 4-,500,000 francs by the ante-war surplus. The receipts had decreased during the current year by 35 per cent, as compared with, the corresponding period of 1914. The dividend was fixed at 120 francs net, and 18,000,000 francs were carried forward. The report expressed a hope that there would be no further decrease. A motion was carried removing Herr Heinchen, the German director.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/OW19150623.2.137

Bibliographic details

Otago Witness, Issue 3197, 23 June 1915, Page 61

Word Count
118

SUEZ CANAL COMPANY Otago Witness, Issue 3197, 23 June 1915, Page 61

SUEZ CANAL COMPANY Otago Witness, Issue 3197, 23 June 1915, Page 61

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