OFFER TO PURCHASE

Evening Star, Issue 21717, 11 May 1934, Page 9

OFFER TO PURCHASE

SYDNEY AND NEWCASTLE TRAMS A PRIVATE SYNDICATE Press Association—By Telegraph—Copyright. SYDNEY, May 10. It is reported that a definite offer for the purchase of the Sydney and Newcastle tramway systems has been submitted to the State Government by a private syndicate. It is understood that it is offering in the neighbourhood of £5,000,000. The Premier (Mr B. S. Stevens) declined to discuss the subject. , . .... , QUESTIONS IN PARLIAMENT. SYDNEY, May 10. In the Legislative Assembly a Labour member, Mr J. M. Baddeley, asked the Premier whether it was true that the Government had received an offer of £5,000,000 for the trams. If so, would he give Parliament an opportunity of discussing tho matter? Mr Baddeley declared that the Labour members were strongly opposed to the sale of the trams, especially as the revenue from them was increasing. The Premier replied that the Government could not dispose of the trams without parliamentary authority;, consequently it was no use pursuing the subject. NO INTENTION TO SELL SYDNEY, May 11. (Received May 11, at 1 p.m.) The ‘Herald’ says; “It can definitely he stated that the State Government will not dispose of the State trams to a trust or corporation or to private enterprise.”