SYDNEY BRIDGE LOSS
EXCHANGE RATE BURDENS. London, December 4. The Financial Times says: “The loss on the Sydney Harbour Bridge is not surprising. It had been anticipated that the contract - would’ be financially adverse. “Dorman; Long and Co. incurred heavy losses on the transfer of payments for the bridge from Australia to England, owing to the unfavourable exchange. On- this account £129,677 was written off in 1931, and £75,602 is included in the present balance-sheet for further transfers —thus the loss on the bridge to date is £242,279. “The cost was inevitably affected by the strike of 1926‘ and other troubles which delayed completion. The company’s total deficiency for the year is £337,768.”
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Taranaki Daily News, 16 December 1932, Page 2
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113SYDNEY BRIDGE LOSS Taranaki Daily News, 16 December 1932, Page 2
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