AMERICAN NEWS
TELEPHONE COY LOSS. (Australian & N.Z. Cable Association. 1 ) NEW YORK, Dec. 22 The American Telephone and Telegraph Coy announces that although it lias been operating the trans-Atlantic telephone service at a, loss relatively greater than that sustained by the British Post Office service, it will continue. Officials are inclined to treat lightly the complaints in the British Parliament that the experiment proved too costly to lie continued. They say it. is unthinkable that the British authorities should infuse to continue ,1 co-operation with the company Tt is pointed out that Tians-Atlnntic telephony is in the experimental stage, and, like the trans-continental telephone. is initially not self-supporting, but- ultimately will become so. T iie rate is perhaps piohioilive. hut a reduction is not yet justifiable.
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Hokitika Guardian, 24 December 1927, Page 3
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126AMERICAN NEWS Hokitika Guardian, 24 December 1927, Page 3
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