MAXIMUM DIVIDEND WILL BE SIX PER CENT
* * COMMUNICATIONS, LTD. ’»- CHAIRMAN’S SALARY £BOOO A YEAR. Aust. Press Assn.—United Service. LONDON, Jan. 10. Sir Basil Blackett considers that the Communications Company will increase the cheapness and efficiency of Empire communications. Its dividends will be six per cent. Any excess profits will be divisible equally between the company and the object of reducing rates, or other purposes approved of by the advisory committee. “This is a big, new advance on the lines of an inter-Imperial public utility service, substituting the co-opera-tive development of telegraphic communications for uneconomic competition and securing all the attendant advantages at cheaper rates for the public,” stated Sir Basil to-day. “The sale to the Communications Company of the assets of the cable and Maironi companies in'exchange for the company's shares provides a capital of £30,000,000.” Sir Basil Blackett’s salary, it is stated, will bo £BOOO annually, not £15,000.
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Bibliographic details
Manawatu Times, Volume LIV, Issue 6809, 12 January 1929, Page 10
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149MAXIMUM DIVIDEND WILL BE SIX PER CENT Manawatu Times, Volume LIV, Issue 6809, 12 January 1929, Page 10
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