DUNEDIN CABLE-CAR SERVICE
City Council May Not Renew Deed Of Delegation By Telegraph—Press Association. Dunedin, March 25. If a recommendation to be made by the finance committee is adopted at a meeting of tbe Dunedin City Council ou Monday night, the Dunedin and Kaikorai Tramway Company’s cable car service, which runs between the Octagon and Kaikorai Valley, will cease to operate after May of next year. The recommendation of the committee is that the deed of delegation which gives tlie company authority to run the service should not be renewed, and a statement was made by the chairman of the committee. Mr. M. Silverstone to-day that it was tbe intention of the city council to operate a bus service ott the route when the trains bad ceased to run.
The capital of the company is £12.000 and the fact that reserves are almost equal to this amount suggests that it will be possible to pay shareholders in full. The trams have been operating since 1900.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/DOM19380326.2.97
Bibliographic details
Dominion, Volume 31, Issue 154, 26 March 1938, Page 12
Word Count
165DUNEDIN CABLE-CAR SERVICE Dominion, Volume 31, Issue 154, 26 March 1938, Page 12
Using This Item
Stuff Ltd is the copyright owner for the Dominion. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in