,A hig London .^company" has been formed to! salve thousands of ships' sunk m war time, and it. expects to niake enormous profits. Major Young, di r ef organiser, points out that many aQcesA siblo steamers are worth from ei£hfc to ten times as niuch as their; pre-war vnlues, apart from their cargoes, The Admiralty salved: m war thrie' poods wir'oh are estimated to be worth £MO,QOO,OOO. It has since abandoned' the work m favor of . private enterprise. -Major Young's 'company replaces the German concern which enjoyed^ almost a monopoly m salvage operations prior to. th.6 waa\
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Bibliographic details
Poverty Bay Herald, Volume XLVI, Issue 14936, 14 June 1919, Page 7
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97Untitled Poverty Bay Herald, Volume XLVI, Issue 14936, 14 June 1919, Page 7
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