CABLES TRANSFER
TO COMMUNICATIONS COMPANY
BILL IN HOUSE OF COMMONS TEXT PUBLISHED (British Official Wireless.) Rugby, November 17. The text was published last evening of the Imperial Telegraphs Bill, which will come before the House of Commons on Wednesday. It provides for the sale of all the Government’s cable undertakings. The.?e are to be transferred to the Communications Company, which will acquire also all communication assets of the Cable ami Marconi companies. The Communications Company will hold a lease of the Post Office beam stations, and will have a capital at its inception not exceeding £30,000.000. Under the Bill authority’ is given for the sale to this company, as from April next, of the following Government undertakings. The Pacific Cable Board’s cables, tlie West Indian cable and wireless system, and the Imperial Atlantic cables. The terms of the transfer of the Government's cables were set out in the report of the conference of representatives of Governments of the Empire published last summer.
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Bibliographic details
Dominion, Volume 22, Issue 48, 20 November 1928, Page 11
Word Count
162CABLES TRANSFER Dominion, Volume 22, Issue 48, 20 November 1928, Page 11
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