THE CABLE MERGER
CUTTING OUT PACIFIC BOMBSHELL FOR CANADA Australian Pteu Association. (Eeceived 30th June, 11 a.m.) OTTAWA, 29th June. A new and striking feature of .the cable merger negotiations came to light with a notification by the Marconi Company to the Canadian Pacific Telograph Company that with tho expiry in November tho ten-year contract will not bo renewed, but will be replaced with an exclusive business arrangement with the Canadian National Telegraphs iv close relationship with the Marconi ancl Eastern Cable Lines. This will result,in diverging a vastly increased business to the Eastern lines, which would reach Australia and New Zealand more rapidly ■' than over the Pacific Cable. It is feared that this will substract heavily from the Western route. The expiry proposed by the merger of the lease of ten years might leave the Pacific Cable 1 without business. This phase is being considered in London.
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Bibliographic details
Evening Post, Volume CV, Issue 151, 30 June 1928, Page 9
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148THE CABLE MERGER Evening Post, Volume CV, Issue 151, 30 June 1928, Page 9
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