TELEPHONE TRMSFER.
COMPANY AWARDED £12,515,000.
United Press Association.—By Electric Telegraph.—Copyright. London, January 14.
The Court of Arbitrators set up to consider the claim of the National Telephone Company for £20,000,000, as payment for the transfer of its system the State, has awarded the company £12,515,000. The Court arrived at the amount awarded hy ascertaining the cost of construction and plant, and then deducted a sum for compensation.
In consequence of the decision the company's stock has fallen from £l3O to £lO9.
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https://paperspast.natlib.govt.nz/newspapers/RAMA19130115.2.43
Bibliographic details
Rangitikei Advocate and Manawatu Argus, Volume XXXVII, Issue 10550, 15 January 1913, Page 5
Word Count
81TELEPHONE TRMSFER. Rangitikei Advocate and Manawatu Argus, Volume XXXVII, Issue 10550, 15 January 1913, Page 5
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