RAIDED BY SCIENCE.
The cable a,nd wireless merger, of course, affected millions of people outside Breat Britain, and we are paying higher rates on communications between New Zealand and the Mother Country because of it. I lie subsequent history of the merger suggests very strongly that the Empire cannot maintain both the old cable services and the new wireless services profitably. Loid Inverfortli’s speech implies that the interests of the Marconi shareholders were sacrificed for the benefit of the cable companies. Tlie losses in the value of scrip have run into many millions sterling, and the latest report of the merger’s finances was far from cheering. The high expectations have not been Realised. The- case of the railways the world over is parallel to that of the cables. They are faced with new- forms of competition, and as we have discovered in regard to our own railways, there is no escape from the results of the progress of science.— Christchurch “Times.”
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Hokitika Guardian, 11 August 1930, Page 6
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161RAIDED BY SCIENCE. Hokitika Guardian, 11 August 1930, Page 6
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