PACIFIC CABLE BOARD
REPORT ON THE YEAR'S WORK
RECORD TRAFFIC HANDLED,
(enitcd mEss association.—copyright.)
SYDNEY, Bth April. The annual report of the Pacific Cable Board shows that the traffic for the year ended 31st March approximated ten million paying words^ over a million above the previous year, and was a record. Week-end telegrams represented 35 per cent, of the total international traffic, which was an increase of 50 per cent, on 1922. Approximately two million paying words were carried between Australia and New Zealand, and between those Dominions and the Pacific Islands, this number being 150,000 fewer than in 1922. The report makes special reference to the improved facilities, which will especially benefit Australia and New Zealand.
The receipts for the year exceeded the expenditure by £256,298, and the surplus receipts amounted to £169,603. The actual receipts for traffic, however, were £12,343 below those for 1922. The explanation for the anomalous position of the receipts showing v decrease, while the traffic was greater, was that money is transferred to the board by the collecting administrations after the year in •which it was earned has closed^,
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Bibliographic details
Evening Post, Volume CVII, Issue 85, 9 April 1924, Page 5
Word Count
185PACIFIC CABLE BOARD Evening Post, Volume CVII, Issue 85, 9 April 1924, Page 5
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