THE PACIFIC CABLE
MINISTER’S PERSONAL VIEW ( Per Press Association ] WELLINGTON, Oct. 31. In the House to-day the Pacific Cable Sale Authorisation Bil], was considered in committee. Replying to the Hon. J. G. Coates, the Hon. J. B. Donald said, that personally, as a business man, he would have bought the Pacific Cable for New Zealand at the price at which it had been sold to the Merger Company, even at the risk of losing £lOO,OOO a year. The Hon. Coates said that £lOO,OOO a year would not have covered the loss. It would have been hopeless for the Pacific Cable to have coped with competition from other services. The Hon. Donald said he was only expressing his own opinion and not that of the / overnment, but he still thought New Zealand have been well advised to have taken over the Pacific Cable. The Bill went through committee stages unamended and the House adjourned at 5.30 p.m. PASSED INTO LAW. (Per Press Association), WELLINGTON, Oct. 31. The Pacific Cable Sale Authorisation Bill was read a third time after a fairly lengthy debate, and was then passed into law.
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Bibliographic details
Wanganui Chronicle, Volume 72, Issue 260, 1 November 1929, Page 7
Word Count
187THE PACIFIC CABLE Wanganui Chronicle, Volume 72, Issue 260, 1 November 1929, Page 7
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