The report states that during the six months from last April to last September, transportation was relatively inactive in North China. Comparatively better business was done in May and June but during the two months from the middle of July to the middle of September, business was gravely affected by the disastrous flood in Tientsin. As a consequence, a business loss of $5,000,000 was incurred.
In addition to this loss, $9,400,000 was appropriated by the company for flood relief and rehabilitation work in the affected areas around Tientsin, thus bringing the total loss in 1939 to about $14,400,000.
After the revenue of the company is deducted, a net loss of $11,747,000 is left—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.