A loss of £56,421 on operations in the year ended December 31, 1922, is shown by the accounts of Messrs Booth, Macdonald and Co., manufacturers of agricultural implements, with works at Christchurch, Invercargill, and Penrose. Interim dividends, were paid on the preference capital in September, but no further dividend is possible for the year.
The Minister of Marine states that experiments with wireless directionfinding apparatus, recently carried out in the vicinity of the Three Kings, were entirely successful. The Department is convinced that a radio beacon station, with its counter-part the ship’s direction-finder, can be considered a practical aid to navigation, with special significance during thick and foggy weather.
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Waikato Times, Volume 97, Issue 15185, 10 March 1923, Page 5
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109Untitled Waikato Times, Volume 97, Issue 15185, 10 March 1923, Page 5
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