PACIFIC CABLE

Nelson Evening Mail, Volume LVI, 9 April 1924, Page 5

PACIFIC CABLE

A RECORD YEAR

(By Electric Telegraph.—Copyright.) (Australian and N.Z. Cable Association.)

. SYDNEY, April 8. The annual report of the Pacific Cable Beard shows that the traffic for the year ended 31st March approximated ten million paying words, over a million above tb? previous year, and was a record. Week-end telegrams represented 35 per cent, of tbe total international traffic, which was an increase of 50 per cent. o:i 1922. Approximately two million paying words were carried between Australia and New Zealand, and between those dominions and tho Pacific Islands, 150,000 fewer than in 1922. Tho report makes special reference to the improved facilities which will especially benefit Australia and New Zealand. life receipts for the year exceeded the expenditure by £256,298, and the surplus receipts amounted to £169,603. Actual receipts for traffic, however, were 12,343 below 1922. I’lio explanation for the anomalous position of receipts showing a decrease while, traffic was greater is that money is transferred to the Board bv collecting administrations after the year in which it was earned has closed.