REUTERS AGENCY AND THE COLONIAL PRESS.
Ocr London correspondent states th.>b, from the chairman's remarks at the annual meeting of Reuter"s Telegram Company (Limited), it would appear that the keen competition between Router's Company and the seceding Australian prees is bein°; keenly felt, though the Agency put as good a face upon it ae they can. Colonel Holland, the chairman, professed to bo satisfied with the result of tho struggle so far us prestige is concerned ; but he significantly reminded his shareholders that wars, whether between nations or individual opponent?, cost money. This remark was forcibly brought home to the shareholders when it was intimated that they would have to submit to a diminished dividend. Tho chairman proceeded to say that, without venturing to prophesy, he yet hoped that the seceding newspapers would eventually fcp-e tho futility of squandering money in an effort to compete with an organisation whose sole ration d'etre was to supply tho press with intelligence more cheaply, regularly and expeditiously than was possible by any separate action on the part of individual members of the Fourth Estate.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH18880619.2.22
Bibliographic details
New Zealand Herald, Volume XXV, Issue 9084, 19 June 1888, Page 5
Word Count
181REUTERS AGENCY AND THE COLONIAL PRESS. New Zealand Herald, Volume XXV, Issue 9084, 19 June 1888, Page 5
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in