ORIENT LINE
EFFECTS OF ECONOMIC TYPHOON.
OUTLOOK NOT ENCOURAGING.
(United Press Assn.—By Telegraph—Copyright.)
London, December 15
At the meeting of the Orient Line, Sir Alan Anderson, who presided, said: “The centre of the economic typhoon seems now to be almost upon us. The year’s accounts do not show the full disturbance. Next year they will certainly be much worse, but we have long known the danger of it approaching and have had time to prepare through generations of reasonably prosperous trading. The shareholders have supported the managers in putting by the reserves and depreciation contingencies, thus providing generously to meet the misfortunes which have come to all shipping lines. I would feel happy if I could say that next year will be our worst, but no one can Say how many years of famine there will be. We hope the two great democracies we serve will do their best to meet us in the circumstances.”
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Bibliographic details
Southland Times, Issue 21579, 17 December 1931, Page 7
Word Count
155ORIENT LINE Southland Times, Issue 21579, 17 December 1931, Page 7
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