SHIPBUILDING INDUSTRY.
LOSSES BY BIG COMPANIES. Telegraph.—Press Assn.—Copyright. Received June 22, 8.15 p.m. London, June 22. The Beardmore Company's report shows a net loss for the year after the payment of debenture interest amounting to £503,000. No allowance is made for the depreciation of machinery. A dividend on preference shares was passed. Messrs. Workman, Clark and Company showed a loss for the year, including debenture interest not yet paid, of ££182,000, making the total deficit I .-**2,571,925. The directors state it is ©jily possible to keep the yards partially open by making contracts at prices showing a small margin. The cash in hand was only £892.
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Taranaki Daily News, 23 June 1925, Page 5
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106SHIPBUILDING INDUSTRY. Taranaki Daily News, 23 June 1925, Page 5
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