ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Shipping s Wonderland Finances

degree of technical expertise! The record of civil aviation in this country would certainly not suggest this. It needs to be mentioned in this context that the pilots have questioned the airworthiness of other aircraft in the past, though this degree of fuss BUSINESS Shipping's Wonderland Finances THE wonderland financial world in which Indian shipping companies operate is brought out in the latest Annual Report of Seindia Steam Navigation Company. The balance-sheet shows that though the company's fixed assets increased by about Rs 3.17 crores (from Rs 37.13 crores to Rs 40.30 crores) in 1969-70, its borrowings increased much faster by Rs 4.51 crores (from Rs 25.75 crores to Rs 30.26 crores).

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