THE CABLES.
PROPOSED COMBIKATIOK.
By Telegraph—Press Association—Oopyrif 2ft A statement is published in the.pr that as the Pacific and Eastern Extensi Cable Companies are both losing mob there may bo a pooling of receipts, oes; tion of competition, and raisjpg of 1 cable rates. It is that the postponement of the Pacific Cal Conference ru3y arise from a wish to pic the Eastorn Extension Company in sn a position that it cannot fail to agree ft pool. j- - The manager of the Eastern Extensi Company, interviewed, said the suggenti that his company might combine in ra ing the rates was out of its power of agri ment, providing that onco the rate wj reduoed it cannot be raised. that agreement competition was now acu The rates cannot be raised unless t Governments interested in the agreeme consent, and it would as binding as an Act of Parliament to i that. The Postmaster-General declined to 3! anything regarding the ■’cable pooli; rumors or the forthcoming Pacific Cat Conference, adding: “ Something may tu, up which will warrant, me in maki: some representations.”
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Bibliographic details
Gisborne Times, Volume XVII, Issue 1360, 21 January 1905, Page 2
Word Count
180THE CABLES. Gisborne Times, Volume XVII, Issue 1360, 21 January 1905, Page 2
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