AMERICAN CABLE NEWS

Hokitika Guardian, 9 April 1927, Page 3

AMERICAN CABLE NEWS

[Australian & N.Z. Cahlo Association.]

LOAN FROM AMERICA. NEW YORK, April 7. | The Equitable Trust Company has officially confirmed the news that it lias purchased a new New South Wales loan of twenty-five million dollars, and that within a week or ten days the Company will offer the same to the j public. t Some observers, while sceptical that ] the net return for New South Wales ( will bo ninety-four or better, contend that the intrinsic conditions lor the marketing of foreign bond to consuniin America are such that to under- -j write the issue at these figures is , unprofitable. These observers admit, however, that —the expectation of becoming permanent American financial agents or advisers to New South Wales may induce the | Equitable Trust Company to offer exceptionally attractive terms in the > hopes of securing the State of New South Wales’s future American financing. t It is believed, furthermore, that the t Equitable Trust group has already re- j eeived an understanding that this will j he the case. | U.S.A. INVENTION. 1 NEW YORK, April 7. The first public demonstration of r television, or visible radio, was held at j the office of the American Telephone , Company. There a group of fiity men > .simultaneously heard and saw the Hon. ( Air. Hoover, the United States Minis- , ter. deliver a radio address from ( Washington. The invention is the work of Air Francis Jenkins, a Washington scientist, who is now working on a machine that is to he carried by an aeroplane in time of war, so as to , take impressions of the landscape ovei , which the plane is flying, and to trails- ( mit the same one hundred miles back to a. projected screen at the beadquarters. .Mr Jenkins has invented a cinema projection machine, and also the transmission of still pictures by radio instruments, which are now in use, and by which weather maps can lie transmitted from the shore to ships at sea. CHALLENGE TO THE CINEMA. NKAV YORK, April 7. Regarding the television demonstration made, the same experiment lias been repeated by a telephone wire, with equal results. The synchronization of the speaker’s voice and his actions was extremely life-like, although verisimiltude was more nearly approached when a picture was projected on a small screen. Eighteen pictures per second were projected over a distance ol 230 miles, on a screen of two inches by three inches, and then on a screen of two feet by three feet. After this, Vice-President Curly, of the American Telephone Company, in Washington, conversed individually with men in New York, looking each other in the eye, while upon a screen before him he saw the individuals whom he addressed. This was followed by the projection of a variety entertainment from a studio in New Jersey into New York by wireless. This was a much shorter distance, and the effects were excellent. The officials declined to discuss the commercial prospects of television, in- ' dieating, however, that its greatest possibilities will be in the field of - entertainment. fb PINEDO’S PLANE. NEAV YORK. April 7. At Roosevelt Lake. Arizona. Marchest- He Pinedo (the Italian world flier) commenting on Rome reports that - - the burning of his (1> Pinodo’s) aeroplane was an nnti-Fascist plot, said : “The burning of the plane was a pure accident. A boy fit a cigarette, and he flicked the lighted match on to the oily water of the lake on which the plane rested.” They doubted, lie said, it there was any plot of any kind.

NEW YORK. April 8. The Equitable Trust Company states tlie net returns of the New South AVales loan will be considerably better than 93.27 per cent, but the company declines to say whether it has undertaken to act permanent financial representative for New South Wales here. Mr Land’s loan will he offered on Monday and bonds dated Ist April, 1931 The extra year of duration of the present loan is for the purpose of facilitating: future conversion by obviating: the necessity of refunding fifty million dollars at one time.