Second Edition Latest Cable News.
HOME AND FOREIGN. [per prhss association.] (Received August 30, 12.10 p.m.) CABLE CHARGES. Sydney, August 30. A private letter received by a resident m Sydney from Mr Dawson, of the Pacific Cable Company, states that he has been much concerned to find that Sir J. Pender, on behalf of the Eastern Extension Cable Company, had entered into arrangements with certain Australian colonies by which the Company were to reduce the rates of cable messages to 4s per word, provided that'those colonies bore half the loss, if any. He mentioned that Queensland has stood out, and with regard to New Zealand it was somewhat doubtful if they had accepted the arrangement ; but he thinks they have assisted. This, he asserts, practically means that Victoria, New South Wales, and New Zealand jointly may have to bear an annual charge of £40,000, which is just about the amount of interest on capital required to construct a cable from Queensland, via Tanning's Islands, Fiji, and Hawaii to Vancouver. This latter expenditure, instead of falling on two or three colonies, would be willingly shared by Canada, Queensland, and Tasmania, as well as other colonies, and probably by the Imperial Government, inasmuch as that the latter's refusal to contribute to the scheme propounded by Sir J. Pender was based on the fact that they would not subsidise cables unless for political and strategical reasons.
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Second Edition Latest Cable News., Ashburton Guardian, Volume VII, Issue 2505, 30 August 1890
Second Edition Latest Cable News. Ashburton Guardian, Volume VII, Issue 2505, 30 August 1890
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