NEW COMMUNICATIONS COMPANY

Dominion, Volume 22, Issue 92, 12 January 1929, Page 9

NEW COMMUNICATIONS COMPANY

TO CONDUCT CABLE AND WIRELESS SERVICES

EXECUTIVE OFFICERS

(British Official Wireless.)

Rugby, January 10.

With the approval of the Government, which has consulted the other Governments represented at the Imperial Wireless and Cable Conference, in 1928, the boards of the Eastern and Associated Telegraph Companies' have nominated Sir Basil Blackett and Lord Clarendon to be chairman an<J director respectively of the proposed Communications Company.

Under the recommendations of the Conference, this company is to be formed for the conduct of certain cable and wireless services to be taken over from the Government of the United Kingdom, the Pacific Cable Board, and the Cable and Marconi companies. Sir Basil Blhckett retired last year from the office of Finance Member of the Executive Council of the GovernorGeneral of India, which he had held since 1922. Lord Clarendon has been chairman of the British Broadcasting Corporation since 1927. He was formerly Under-Secretary for Dominion Affairs.

CHEAPER SERVICES FORECASTED

(Australian Press Assn.—United Service.) London, January 10.

Sir Basil Blackett considers that the Communications Company will increase the cheapness and efficiency of Empire communications. Its dividends will be 6 per cent., ami any excess profits will be divisible equally between the company and the reduction of rates, or other purposes approved by the Advisory Committee.

“This is a big new advance on the lines of inter-imperial public utility service, substituting co-operative development in telegraphic communications for uneconomic competition;” he said, “securing all the attendant advantages at cheaper rates for the public.”

The sale to the Communications Company of the assets of the cable and Marconi companies, in exchange for Communications Company’s shares, provides a capital of £30,000,000.

CHAIRMAN’S SALARY

(Australian Press Assn.—United Service.) London, January 10.

Sir Basil Blackett’s salary as chairman of the Communications Company, will be £BOOO per year.