HIGH CABLE RATES
GRMMONWEALTH CRITICISE CHARGE CONSTITUTES A TAX ON . BUSINESS. NEW CABLES NEEDED. By Telegraph.—Press Assn.—Copyright. Australian/ imd ‘N.Z- Cablo Associ&tioU (Received January 18, 5.5 p.m.) LONDON. January 17. The “Daily. Telegraph,’’ commenting editorially on the high cable rates, strongly criticises the Commonwealth Government’s refusal to. forgo more than one-fifth of the terminal charges. The paper points put that though the charge yields a ‘ revenue of over £200,000 it costs the community much more in restriction of , facilities for quick communication, constitutes a tax on business and on knowledge, bears heavily on inter-imperial trade, and is obnoxious from a social viewpoint,: The “Daily Telegraph” also. condemns the Pacific Cable Board for. not laying new cables when the first indications of the present congestion became apparent, although the hoard has reserves of over £2,900,000, which sum is larger .than the original capital placed at its disposal. “This policy on the face of it reveals want of vision, also ’ want of ordinary business acumen,” says the. paper. “What was intended to serve tho highest interest of the British people apparently has become a: profit-earning concern.” ; ■
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Bibliographic details
New Zealand Times, Volume LII, Issue 12040, 19 January 1925, Page 8
Word Count
184HIGH CABLE RATES New Zealand Times, Volume LII, Issue 12040, 19 January 1925, Page 8
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