COMMERCIAL
THE COMMUNICATIONS MONOPOLY. (Aus. & N.Z. Cable Assn.) LONDON, March 13. Cables-Wireless, Ltd’s position promises to develop into a City scandal, according to one commentator. The preference stock has fallen to fortyfive compared with last year’s high level of seventy-eight. The market value of the Company’s securities has declined from a par value of fifty-two millions sterling to fourteen millions. The “Economist” declares that stock-holders ought immediately’ to be told the true position. The capitalisation should bo immediately rectified.
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https://paperspast.natlib.govt.nz/newspapers/GRA19320315.2.38
Bibliographic details
Grey River Argus, 15 March 1932, Page 5
Word Count
79COMMERCIAL Grey River Argus, 15 March 1932, Page 5
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