GERMAN SHIPPING DEBACLE
(Received June 1, 9 a.m.)
LONDON, May 31. '
The Shipping Record states that of 15 leading German shipping companies only three ha.ve paid dividends in 1915, of six, foui*, and two per cent, respectively. They have done this by winding up accounts, counting interest receipts as profits, and trenching on reserves. Seven companies did not. publish balance-sheets, including the German-East Africa, NorddentscherLloyd, Gorman -Levant, and' HamburgAmerica.'
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Bibliographic details
Poverty Bay Herald, Volume XLIII, Issue 1407, 1 June 1916, Page 3
Word Count
69GERMAN SHIPPING DEBACLE Poverty Bay Herald, Volume XLIII, Issue 1407, 1 June 1916, Page 3
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