PACIFIC CABLE

Southland Times, Issue 20011, 27 October 1926, Page 5

PACIFIC CABLE

CANADA GETS CONCESSIONS. CABLE NOT OPERATING YET. Ottawa, October 25. The Toronto Star, whose editor is in London with Mr Mackenzie King, claims that Canada has been successful in enforcing her position regarding the Pacific cable, getting several most important pointe decided in line with. Canadian policy. The chairman (Mr Mercer) is to be superseded by a chairman elected by the board members under the approval of the Governments concerned, British membership being cut from three to two. With reference to the division of profits Canada is to get repayments of 1,000,000 dollars deficit paid in past repayments, to be made from the profits of the next three years. If the profits are insufficient then*a grant of half a million dollars will probably be made. Although permission was granted to land the cable at Bamfield, because the ship was charging £2OOO daily for demurrage, no messages may be sent over the cable until the matter is finally settled.—A. and N.Z. TERMS OF SETTLEMENT. (Rec. 9.45 p.m.) London, October 25. The terms of settlement of the Pacific cable dispute, it is understood, provide for a reconstruction of the board, a more satisfactory system of electing a chairman, and a sounder method of the allocation of profits. The last mentioned, it is understood, is to meet Canada’s objection to the utilisation of reserves for new works. Mr Amery wul issue an official statement outlining the terms of the settlment.—A. and N.Z.