CABLE AND WIRELESS
Lord Pender, governor of Cable and Wireless (Holdings). Ltd.. in his annual address, referred to the company's holdings. Largely as a result of the Government's financial policy, he said, the rise in values last year had continued. "The book value of our investments at December 31 last was £16.208.058 and the market value was £14.413.180, showing a depreciation of £1,794.878, or 11 per cent, as against a depreciation of 19 per cent at December 31, 1940," he said. "Total investments were increased by a very substantial amount, as a result of further subscriptions to various new Government issues. About 93 per cent total market value of investments is represented by securities within the British Empire."
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Auckland Star, Volume LXXIII, Issue 236, 6 October 1942, Page 5
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118CABLE AND WIRELESS Auckland Star, Volume LXXIII, Issue 236, 6 October 1942, Page 5
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