THE ALL-RED CABLE

New Zealand Times, Volume XXXII, Issue 7300, 2 December 1910, Page 5

THE ALL-RED CABLE

ICELAND SCHEME ATTRACTIVE IMPERIAL GOVERNMENT URGED TO RECONSIDER DECISION. By Telegraph—Press Association—Copyright. (Received December 1, 11.20 p.m.) LONDON, December 1. Sir George Reid. High Commissioner for Australia, in an interview stated that he had forwarded to tho Australian Government information regarding the proposed cable from Scotland to Labrador, via Iceland, which experts suggest is worthy of the fullest immediate investigation. "The Times" says the financial estimate is thoroughly reliable, and expresses the hope that the Imperial Government will reconsider its refusal to promote b State-owned Atlantic cable. CANADA'S CONNECTING LINK.

The Canadian Government has entered into negotiations with the Great Northern Telegraph Company, whoso land lines would be used to connect the Canadian terminus of the Atlantic cable with tho Pacific cable. It is believed the scheme presents good prospects, but final arrangements have yet to be made between the Canadian and British Governments and the Great Northern Company. DENMARK FAVOURS THE SCHEME. Messages from Copenhagen- state that the Iceland scheme is much commented on because Denmark will thereby secure communication with Greenland, PACIFIC CABLE LOSSES. * LONDON, December 1. The Pacific Cable Board’s amended estimates to March 31st, 1911, are: Receipts .£135,000 Expenditure <£189,546 leaving a deficiency of .£54,546. For the year 1911-12, tho estimated receipts are <£l4-0,000, and . expenditure <£188,609, a deficiency .of ,<£48,609.