¥.— 1

VI

It was expected that the Cable Company's receipts from Press messages for 1892 would be maintained under the reduced rate. This is not the case, and the contributing colonies have therefore to make up to the Company three-fourths of the difference between the receipts for 1892 and 1893, the Company bearing the other quarter of the loss. New Zealand's outward telegraph cable business for 1893, compared with the business for 1892, is shown by the following statement: —■

New Zealand's proportion of the loss to be made good to the Telegraph Cable Company and South Australia by the contributing colonies, under the several guarantees covering the reduction of the cable-rates, was £6,234 Bs. sd. for the twelve months ended 30th April last—the Cable Company's financial year—-as shown by the following statements:— •■' Statement of Traffic over the New Zealand-Sydney Cable for Year from Ist May, 1893, to the 30th April, 1894. Amount guaranteed to the Cable Company ~ ... .. 26,258 0 0 Actual receipts by the Cable Company ... .. 11,714 0 0 Loss to the Cable Company ... . .. ... 14,544 0 0 Apportioned as follows : —• Cable Company, one quarter . . ... .. 3,636 0 0 New Zealand, three-quarters . ... .:. 10,908 0 0 £14,544 0 0 New Zealand's three-quarters share, divided thus : — New Zealand solus one-third ( = one quarter of total loss) 3,636 0 0 Contributing colonies (including New Zealand), two-thirds (=half of total loss) 7,272 0 0 £10,908 0 0 The contributing colonies' proportion, divided on the basis of population : — Population (Census, Amount April, 1891). Amount. £ s. a. Victoria . .. 1,140,405 2,432 511 .. '■ " •' New South Wales k 1,132,234 2,414 17 4 New Zealand .. .. 620,030 1,322 8 5 South Australia 320,431 683 8 6 Tasmania .... .. 146,667 312 16 4 Western Australia '\ .. . 49,782 106 3 6 3,409,549 £7,272 0 0 Statement of the International Traffic on the Eastern Extension Company's European Lines in respect of the Cable Guarantee Fund, for the Year ended SOfch April, 1894. Amount guaranteed for the year ... . ... 237,736 Actual revenue j .. 225,354 Loss . . ; . • .... j .;. £12,382 Half payable by colonies £6,191

Imary. 're: is. Destination. No. of Messages. Value. No. of Messages. Value. international /ictoria 3outh Australia few South Wales Queensland Tasmania Western Australia sTew Caledonia 6,114 10,931 986 13,778 1,197 1,142 256 3 £ s. d. 20,934 0 10 3,342 11 6 322 10 0 3,160 12 2 399 13 1 432 19 1 93 9 10 1 15 6 2 109 685 ■£ s. d. 1 14 8 25 16 0 476 19 1 Total for 1893 34,407 28,687 12 0 796 504 9 Total for 1892 18,688 22,856 9 6 791 898 Q O