SHIPPING PROFITS
EVIDENCE AT AMERICAN INQUIRY United Press Association—By Electric "’elegraph—Copyright WASHINGTON. November 28. Mr R. S. Dollar to-day identified the Ocean Mail contracts compilations, showing that the Dollar companies made a total profit of 22,119.000 dollars on the operations of ships bought from the Government. Other records introduced showed that Mr R. Stanley Dollar received 5.305.000 dollars. Mr J. H. Dollar, 3.748.000 dollars, Mr Herbert Fleishaacker 3.686.000 dollars, and another partner 1,951,000 dollars.
An earlier cablegram said:—With Mr R. Stanley Dollar as witness before the Senate Ocean Mail Investigation to-day, it was disclosed that the Admiral Oriental Line, with an initial capital of only 500 dollars, have made profits totalling 7,404.000 dollars during the ye '.rs 1922 to 1930. besides profits of 5.090.000 dollars by the Dollar Steamship Line, the parent concern, through the aid of Government financing. The Dollar Companies, it was pointed out. still owe the United States Shipping Board 17.046.000 dollars, in connection with ship purchases and construction loans.
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https://paperspast.natlib.govt.nz/newspapers/THD19331201.2.128
Bibliographic details
Timaru Herald, Volume CXXXVII, Issue 19661, 1 December 1933, Page 14
Word Count
163SHIPPING PROFITS Timaru Herald, Volume CXXXVII, Issue 19661, 1 December 1933, Page 14
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