KAIKORAI TRAMS

Evening Star, Issue 23094, 21 October 1938, Page 8

KAIKORAI TRAMS

COUNCIL'S OFFER TO PURCHASE BEDROCK PRICE OF £5,004 OPEN FOR ACCEPTANCE TILL NOVEMBER 19 The Tramways Committee of the City Council, in a supplementary report, intimates that a reply has been received from the Dunedin and Kaikorai Tramway Company Ltd. in response to the council’s offer of £5,000 for the company’s undertaking, plus valuation for stores and tools in stock. The company now proposes that the matter be determined by valuers, one to be appointed by each side, with a third as umpire, and that both sides agree to abide by the award of the valuers. The committee has given careful consideration to the proposal, and is unanimously of the opinion that it should not be assented to. ... The Committee states that, as time is passing and as it is essential that the council be in a position to operate an alternative service if satisfactory terms cannot be arranged with the company, it is recommended: That the council’s offer of £5,000 he confirmed as a bedrock price, but that the council agree to pay in addition valuation for the rope now in use as on date of purchase. That the above offer be conveyed to the company with an intimation that it is open for acceptance until November 19. That in the event of the company declining the offer, the council give immediate consideration to the whole question of transport service for the district. In the meantime, in order to provide for routine renewals and to ensure that suitable vehicles will be available for the service if circumstances so require, it is further recommended that tenders for new bus chassis, which have been in hand for some time, be dealt with by placing an order for the following;— Messrs Cory-Wright and Salmon Ltd., for the purchase of two A.E.C. Dieselengined 33-seater bus chassis; Messrs Leyland Motors Ltd., for the purchase of one Leyland Cub 27-seater petrol chassis. Both prices include delivery to store and sales tax paid.