A deficit of Rm.750,000 for 1936 is shown in the annual. report of the Hamburg Amerika Line.
'This figure compares with a deficit of Rm,4,790,000 in the previous year, says Reuter. The' deficit is covered by a special Reserve Fund. No dividend is announced.
From the Reserve Fund a further Rm.7,000,000 was taken chiefly for meeting the. losses arising from the devaluation of foreign currencies. The revenues from the ordinary shipping business amounted to Rm,26,680,000, compared with Rin. 18,720,000 in 1935.
The North German Lloyd reports that im the past year £106,000 had to be taken from reserve to balance results, compared with £544,000 in the previous year, according to the (Exchange Telegraph. The number of passengers'has increased by 23,427 to 189,251.
The German Lufthansa reports that the technical preparations for the air postal traffic between Germany and the United States have been completed, and it is hoped that the political arrangements will also be completed shortly. It has already been stated that this service -will be started next month, and it is now revealed that a new four-motor seaplane, the "H.A, 199," will be employed on it.
Seventy-five flights across the South Atlantic were carried out during the past year. The figures for 41936" are:—Mileage flown, 9,700,000 Or about 250,000 more than in 1935. Number of passengers, 232,461, an increase of 41.5 per cent, Luggage: 370 tons, an increase of 31.1 per cent. Freight: 132 tons, an increase of 111 per cent.
Text read from the printed page and cleaned; old type leaves the occasional error.