THE TIMES NEWSPAPER.

Otago Witness, Issue 2815, 26 February 1908, Page 29

THE TIMES NEWSPAPER.

LONDON, February 19

Tlie Daily Chronicle states that owing to Mr Moberley Bell's opposition Mr C. A. Peaison has withdrawn the arrangements made with The Times, but is still negotiating. The original proposal oon-> templated the formation of a company with a capital of £860,000, owning and! controlling The Times, Standard, and St. James's Gazette.

The Daily Express states that Mr Pearson will be manager of the company a*, a salary of £10,000 a year for 20 years. Mr Arthur Walter will be chairman of directors at a salary of £1000 a' J'ear. The Daily Graphic states that Mr Moberley Bell, on behalf of an American syndicate, including Mr Hcoper Jackson, of The Times' Book Club, will outbid Mr Pearson.

Februaiy 20.

Though the court has directed the sale of The Times' partnership assets, it h,;s not vet directed the mode of the sale.

The court v,)]] shortly consider all the proposals submitted. Up to the present there is no authority for stating that any particular offer is likely to be accepted. A number of the proprietors desire public competition. Mr Moberley Bell denies the Daily Graphic's statements, and says he regardr them as a serious libel upon himself.

The Canadian Government has instructed its egents in Europe to discourage emigration during the nresent winter.