SHIPPING DEPRESSION.
As Lord Kylsant very truly stated when presiding at the recent meeting of the London Maritiine Investment Company, Limited, shipping is passing through the most acute period of depression that has been experienced in that industry. Nevertheless, Lord Kylsant was disposed to take a more hopeful view with regard to the outlook, expressing the opinion that the heavy decline in commodity prices " appears at last to have about touched bottom." And he added that " greater world stability conditions should become more favourable for a general improvement which I, personally, believe will come about sooner than many people anticipate."
Meanwhile, the company is_ to maintain a very com- fortable dividend of 6 per cent. for the year, less tax, while the reserve fund stands at £1,250,000.
A. W. K.
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