N.Z.P.A. Now Managing Business Service

Press, Volume CIX, Issue 32005, 4 June 1969, Page 14

N.Z.P.A. Now Managing Business Service

The management in New Zealand of Reuters Economic Services has been taken over by the New Zealand Press Association. This was announced yesterday by the chairman of the New Zealand Press Association (Mr A. R. Cant). Reuters Economic Services is a world-wide organisation providing news for business. The agency specialises in the fast collection and distribution of accurate information on commodities, finance, trade, and industry. Its clients include traders, industrialists, bankers, brokers, government agencies, newspapers, and radio. “This is a new field of activity for our association, and we believe that this service, which is backed by more than a century of Reuter experience in commercial and industrial news reporting, will make an important contribution to the economic growth of New Zealand,” said Mr Cant. “At a time when all sections of the community are making special efforts to diversify New Zealand's production and to increase this country’s competitiveness in world markets, we believe there is a growing need for a comprehensive and objective service giving New Zealanders the latest news of what is happening in the marketplaces of the world. Information is one of the raw materials of trade and industry; and it must obviously be reliable up-to-the-minute information.

“Reuters Economic Services has a large staff of correspondents who are specialists' in business news. It has clients in more than 80 countries. The service is based not only on high standards of reporting, but on a vast communications network which enables information to be moved around the world with unrivalled speed and efficiency. “We are confident that

this new enterprise will develop successfully and will complement the traditional task of our association in reporting the world’s news each day for our newspaper members and for other news media,” said Mr Cant “The news service will be directed from the New Zealand Press Association headquarters in Wellington, which has direct links with Reuter offices in London, Tokyo, New York, Singapore, and elsewhere. “We are fortunate to have the help, in launching the new service, of Mr lan MeCrone, a New Zealand journalist with wide experience of conducting Reuters Economic Services in Singapore, Hong Kong and elsewhere. He has recently returned to New Zealand to take up an appointment as correspondent for Australian Associated Press, which manages Reuters Economic Services in Australia, and we will be able to draw on his knowledge and experience in developing special services from other parts of the world according to the needs of New Zealand businessmen,” said Mr Cant