UNION CASTLE LINE
NO PREFERENCE DIVIDENDS. (United Frets Assn.—By Telegraph—Copyright.) London, December 16. The Union Castle Steamship Company has decided that it is inexpedient at present to pay the preference dividends due on July 1 or January 1, 1932, as the trading results have not shown the expected improvement. South Africa’s maintenance of the gold standard has adversely affected her overseas trade, and the conservation of the company’s resources is essential.
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Bibliographic details
Southland Times, Issue 21580, 18 December 1931, Page 7
Word Count
71UNION CASTLE LINE Southland Times, Issue 21580, 18 December 1931, Page 7
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