TRAMWAY FINANCE

Press, Volume LXXVII, Issue 23330, 16 May 1941, Page 12

TRAMWAY FINANCE

» Reaven's letter onytraMway anawe# tiidmlnating, . He, finds it jnfv,i... *ff.debentiOT??heid i by aoVwiEr'was ■: thElf debentures - Utem sold ” and 'converted into solid - , cash. ■ which, if - retained In the fund by the old Citizens’ board, would have . . been of greater value. ' Moreover, the ■ • Labour ' board-was,. for cedinto the position "of raiMrigJoans for all improveW and rolling stpcterind w advantage- enjoyed by «fd;of merely..raising excess cost of the track ov'eniPnt. loweyer, to compliment i ; that;he : .was Kiinaking provision for a lUtfr bug with *5 |he iniCCounfants. the idsvwith'dinnay. ” ought to make #- to pay ‘your debts as lepredateJ*’" The tejyfew epdedMarfihJl. ents qf loans amounted to Tn*the"yfear ended March , £28,210, 'Mr Heaven refers to the Labour ‘tymiteUr botioik.’ ’ Fortunately for the genersd^ubllc,.the amateurs «pnain able ti> make * a better showing than J rnclr predecessors in office.— IfbuTs. *etc.y. * ’ H. E; DENTON. m. • 'l'StCvrrl have been Interested in the dipQiure by Mr ’ .Wißlaim Machin on SS3 aUbject 'ot’ tramway finance, and " Ihl'/'Vißnr,.. weak; reply by. Mr, Archer, 5 - in.which he quptedirotn a letter writ- / tint'years, ago by &r Machin. thank--1 * ins th& v boarth for - some work done. of reflecting. on Mr Machin, it Vhat a Iffleatijnwn he is. He is gene»pl*| t fptg' giving praise I praise w’dtle he' u fearless Be has proved his ability, and pe /of great value to- all rate- * jMferf he efec ted.—Yours, 1 etc., ’ • V RATEPAYER. **! ' --i,;. - t