Rejecting the charge that "Reuters has a monopoly in Malaya and India," Mr. Storey said that, "by reason of their vast organization, which enables them to spread the costs over large areas, Reuters could distribute their services at a price with which other agencies would be unable to compete.
"But for that organization," he added, "Reuters could not compete, as they have successfully done, with the heavily subsidized news services put out by foreign agencies."
Mr. Storey maintained that there was no other British news agency organized to supply such services.
Referring to the position in South America, Mr. Storey agreed that it was a "serious consideration" if the acceptance of any assistance was to enable anyone to say that Reuters was "Government-controlled."
But, he added, the only condition upon which Reuters would accept such assistance was that they undertook nothing in return, except to increase the amount of news distributed.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.