NO DIVIDEND

Gisborne Times, Volume LXXIII, Issue 11955, 27 May 1933, Page 5

NO DIVIDEND

BAD YEAR FOP CABLE AND WIRELESS

RADIO INTERFERENCE IMPROVED FACILITIES FOR INSPECTORS (Press Association)

CHRISTCHURCH, May 26

Replying to representations that, distret radio inspectors should he provided with suitable means of motor transport, and more sensitive radio interference detectors, the secretary of the Postal Department writes that arrangements are in. train to furnish radio inspectors at Christchurch with a suitable motor vehicle for use in connection with tracing radio interference.

Moreover, it is intended to provide as soon as possible for improved types of receivers for detection purposes in Chris tel lurch and other centres. It is hoped that these measures will he of material assistance in locating sources of disturbance to radio reception

STOCK FALLS HEAVILY (U.P.A. by Elec. Tel. Copyright) LONDON, May 26. Cable mid Wireless stock fell heavily to-day, tho total decline '.in the three classes o.f stock amounting to nearly £2,500,000. This followed a statement by the chairman, Mr J. Denison-Penaor, at a meeting, that unless there was a, very substantial improvement in the world trade and telegraph traffic, tho directors cannot commit themselves to malco any statement regarding further dividends until the aceouuts for 1933 are completed l . It wfill bo impossible to pay a dividend, 'in September, but the directors are confident regarding tire future, Having' laid foundations wb ich will give full benefit when a world Improvement comes."