KAIKORAI TRAMWAYS

Evening Star, Issue 23147, 22 December 1938, Page 10

KAIKORAI TRAMWAYS

INDEPENDENT VALUATION REFUSED COMPANY CALLED ON TO REMOVE RAILS The vexed question of cable trams or buses on the Kaikorai Company’s route would seem to hove been disposed of so far ns the City Council is concerned, in that the company, which recently submitted further offers to the Council, the last suggesting that the purchase value be arrived at by independent valuation, has now been thus advised by the Council; —

“It is noted that fhe council’s offer is definitely and finally refused. I am now desired to say that the proposals for submitting the matter to an independent valuation as proposed in your letter are entirely unacceptable to the connoil. As a matter of definite policy tbs council is not prepared to grant your company any further extension of its lease. Under the above circumstances your company should therefore prepare to comply with the conditions of its deed of delegation, which calls for the removal of the tramway on the expiration of such deed, and the rehabilitation of the roadway occupied by the tramway.”

Tile company has promised that the whole correspondence in connection with the negotiations will be made available for the information of the public. The offer which the company definitely refused was £5,000, plus value of rope, and stocks at valuation.