THE DEPRESSION IN DENMARK.
♦ The depression in the steamship trade of Denmark appears to be very serious, as nearly all the leading shipowning companies are in a state of dissolution. At the recent annual meeting of the Steamship Company Danmark, the Directors stated that trade had been so bad that six of the Company's largest steamers had been laid up, and the* trading withßussiasuspended. No dividend could be declared. The Directors of the Steamship Company Kjobenhavn, which owns six large steamers, have proposed dissolving the Company, after 15 years' profitable working. Another Company is also adopting this course, whilst last year the Freja Company suspended operations. Hardly any of the Danish Steamship Companies are able to declare any dividend for last year, and one or two only 2£ per cent. It is seriously feared that, if things continue thus, the Danish steamship fleet will be 8 wept off the eea.
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Bibliographic details
Star (Christchurch), Issue 5692, 9 August 1886, Page 3
Word Count
150THE DEPRESSION IN DENMARK. Star (Christchurch), Issue 5692, 9 August 1886, Page 3
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