The Archive · 1935

WHITE STAR LINE'S

seectau 30 me "xc, menata"

London, Aug. 26.

'A total deficiency exceeding £11, }0000,000 is recorded in the report of the " senior official receiver on the Jcompulsory: liquidation of the White Star Line.

The company shows liabilities exceeding £2,500.000 against assets Jamounting to £363,000" and issued Jcapital of £9,000,000.

Failure of the White Star Line is attributed to the excessive prices agreed upon in respect of assets which the company acquired heavy interest charges; to the inability of certain shareholders to pay the amounts "due on holdings "of Jordinary shares; and to the extraordinary slump in shipping—Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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