WHITE STAR RESULTS.
The first Report of the White Star Line, Limited, which, it will be remembered, was formed last year to acquire the share capital of. the Oceanic Steam Navigation Company, is a good one. The balance sheet and profit and loss account of the operating company shows a profit for last year of nearly £700,000, after providing for depreciation. -Moreover, this compares with only 1.297,000-for the - previous year, and £439,000 for 1925, - Of the total profits for last year, £566,000 was secured as net against 1166,000 for 1926. The dividend on the share capital is 9 per cent. against 5 per cent. The operating company is, of course, the Oceanic Steam Navigation Company, and these figures involve a payment to the White Star Line of 1450,000. Of the £6,000,000 capital of the White Star Line, £5,000,000 is in 04 per cent. Preference Shares, which carry the guarantee of the Royal Mail Company.
A. W. K.
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