CALLENDER'S CABLE.
The favourable impression created by the report recently . issued by Callender's Cable and ConstructionCompany was strengthened by the character of the statements made at 'the recent' annual meeting, while the magnitude of the Company's operations was very well brought out in the speeches by Sir Fortescuc Flannery, Sir Tom Callender and Sir Malcolm Fraser. The speeches of the first two gentlemen were con- cerned mainly with the general progress of the work of the Company • and in the "eourse- of his tiddres-s Sir Fortesetie Flannery made some reference to the general outlook, taking, on the-Whole,-a hopeful view of the future. -Sir Tom Callender, while endorsing the Chairman's hopefulness, sounded a Rote of warning with regard to the effect of the preSent -abnormally- low prices. Sir Malcolm Fraser's speech Was particularly interesting, -dealing as it did in a practical manner with the Company's work in India, as Sir Malcolm had just returned from a visit to that country. Among other points referred to, Sir Malcolm gave a very impressive account- of the New River undertaking. which was a project to endow the vast, though fuetless, Province of the Punjab and its forty .Million in- habitants with an unfailing supply of low-priced electrical pow-er. * * * *
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