Lazy Turnaround Of Ships
p. 25 · Read in the full issue
What It Costs Burns, Philp
DISCUSSING the Company’s affairs at the annnai meeting of shareholders of Burns Philp &’ Co., Ltd., in Syd ney last month, the chairman, Mr. Joseph Mitchell, said that the firm’s Island ship ping services, in the financial year iust closed, made a loss of almost £73,000.
The chief cause contributing to this state of affairs, he said, was the lament able conditions in the Australian ports— the vessels had spent one-third of their S6a two-thirds of their time in It is impossible, of course, to make anv creappri^v 1 *? 6 D f y un 3f r the conditions Fortunately for the old firm, Islands shipping services now represent only a smaFr percentage of ite opeiations. During the past couple of de fn?]r S Af^£ e C ? m ?? ny ha s transferred the ??| lts activities from Islands shipping and Islands industries generally to the ownership and operation of chains of stores in Australia. Thus, despite the Co^mnHp 5601 by g £" slow dock-workers the Co. made a very handsome overall profit.