CONFERENCE APPROVED
CABLE-WIRELESS MERGER PRIME MINISTER CONTRADICTED (Australian and N.Z. Press AssociationJ Times Cable. Reed. 1.30 p.m. LONDON, Tuesday. The London “Times’ ” city editor says Sir Joseph Ward’s criticism of the cable-wireless merger seems to be based on a misapprehension, since the merger was recommended after careful consideration by a conference on which Sir James Parr represented the New Zealand Government. The cables were not remunerative or likely to become so, wherefore it was decided to sell them, the Governments obtaining very generous terms. Sir Joseph Ward’s suggestion that the merger company can dictate terms, ignores the Imperial Conference’s decision that the Imperial Governments, through an Advisory Committee, shall control the merger company’s policy and approve the nominations of certain board members, though the merger is more advantageous to cable owners than wireless companies in enabling the former to capitalise the position before wireless competition is felt.
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19290828.2.91
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Sun (Auckland), Volume III, Issue 753, 28 August 1929, Page 9
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147CONFERENCE APPROVED Sun (Auckland), Volume III, Issue 753, 28 August 1929, Page 9
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