The cost of the new atlantic cable will be £700,000. It will be heavier than theold Atlantic cable. It is stated that the commerce of the world requires 3,600,000 able-bodied men to be constantly traversing the sea. The' amount annually moved* on r the water is Ixom^SOO.OOOjOOO to £400,000,000 j and the ampunt^lost by, casual-, ties of the 'sea "averages £5,000,000 a year.
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https://paperspast.natlib.govt.nz/newspapers/ST18640702.2.22.1
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Southland Times, Volume I, Issue 14, 2 July 1864, Page 3
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63Page 3 Advertisements Column 1 Southland Times, Volume I, Issue 14, 2 July 1864, Page 3
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