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WIRELESS V. CABLES

FOREIGN COMPETITION MENACES BRITISH SERVICE (Received 10 a.m.) LONDON, May 23. Mr John Denison-Pender, joint managing director of Cables and Wireless Ltd. and of the Imperial and International Communication Co. Ltd., speaking at the annual meeting of the former concern, emphasised the everincreasing competition of wireless services, of which 150 had been established since 1928, chiefly by foreign countries. Many of these had been set up at uneconomic rates for the purpose of fostering foreign trade. For instance, Italy had undertaken to subsidise a company for 40 years. The Italian Government also specially facilitated the col-, lection of traffic and repairs to cables. The gravity of the position was aggravated by continual proposals to inaugurate direct foreign wireless services with Empire points, where adequate cables already existed, added Mr Denison-Pender. Such services would frustrate the objects which the Cable Conference in 1929 endeavoured to attain. Moreover, the maintenance of efficient cables was essential in view of Imperial defence. Mr Denison-Pender stated that the British Government had refused to convene an Imperial cable and wireless conference to consider the matter. “Accordingly,” he said, “we requited that ‘communications’ should be included in the agenda for the Imperial Conference in London next'year.” The traffic index of Cables and Wireless Ltd. showed a decline compared with last year, offsetting the favourable impression made by the accounts issued on May 17. Some selling followed Mr Denisoh-Pehder’s intimation that there is no present prospect of a re-arrangement of capital to include provision for preference arrears.

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https://paperspast.natlib.govt.nz/newspapers/NA19360525.2.42

Bibliographic details

Northern Advocate, 25 May 1936, Page 4

Word Count
252

WIRELESS V. CABLES Northern Advocate, 25 May 1936, Page 4

WIRELESS V. CABLES Northern Advocate, 25 May 1936, Page 4