PACIFIC CABLE BOARD
TRAFFIC FOR 12 MONTHS. RECORD FIGURES. London, Dec. 5, Over 12,000,000 words of international traffic were transmitted by the Pacific Cable Board system during the twelve months ended March 31, which is a record, and 120.000 words in excess of 1926, according to the board’s report. Full rate messages dropped 100,000 words; this is attributed to the attraction of the cheaper services. Week-end messages dropped 130,000 words, but an increase in deferred Government nnd press messages more than counterbalanced these decreases. The speed of the new loaded cables surpassed the expectations of the contractors, whose guarantee of 600 letters per minute was more than doubled under the test and it is anticipated that the speed could be further increased should traffic demand it. Receipts totalled £467,063. an increase of £13,467 and exceeded the working expenses by £178.384. The Board paid the National Debt Commissioner’s annuity of £77,544 and devoted the surplus to the reserve and renewal fund in compliance with the recent Act.
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Hawke's Bay Tribune, Volume XVII, 7 December 1927, Page 3
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166PACIFIC CABLE BOARD Hawke's Bay Tribune, Volume XVII, 7 December 1927, Page 3
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