Substantial Profit
p. 98 · Read in the full issue
By Teal
TEAL’S Chairman of Director Sir Leonard Isitt, at the annu general meeting of the company : August, reported that a nett prol of £31,812 had been realized on o] erations over the past financial yea Sir Leonard expressed the cor pany’s keen satisfaction with the e tablishment of the new Coral Rou service to Tahiti. The opening < this serivce was the most imperial development in the company’s hi tory. “It is already apparent” sai Sir Leonard “that the Coral Roui to Tahiti will quickly become in mensely important to New Zealam especially as a dollar earner.”
The Coral Route service and tfc establishment of the service betwee Christchurch, NZ, and Melboum had almost doubled the route-mill age of the company.
The next major development fc TEAL would be the opening of th service to Western Samoa “the con mencement date of which would t announced shortly” Sir Leonard r« ported.
M. George Forestier left Norfol Island for Sydney in August e: route to Vila. New Hebrides, whers he expects to do some trading.