HUGE SHIPPING LOSSES.
(Received June 29, 11.30 a.m.) BERLIN, June 28. Forty-eight ships of 238,000 tons—one quarter of North German Lloyd’s total tonnage—is laid up. The balance-sheet shoAvs a net loss of £158,900. The Ham-burg-America Line loss Avas £230,800. In order to coA'er their losses, both companies are writing off tAvo-thirds of their capital.
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Bibliographic details
Star (Christchurch), Volume XLIV, Issue 492, 29 June 1932, Page 1
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54HUGE SHIPPING LOSSES. Star (Christchurch), Volume XLIV, Issue 492, 29 June 1932, Page 1
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