SYDNEY TRAMS

Grey River Argus, 11 May 1934, Page 5

SYDNEY TRAMS

Syndicate’s Offer TO BUY FROM STATE (Aus & N.Z. Cable Assn.) iitceived May 10 at 5.5 p.m.) SYDNEY. May 10. It i? reported that a definite offer or the pirchase of the Sidney and he Newcastle Tramway systems has been submitted to the Sta’e Government Ia a private syndicate. It is understood that it is offering in :l.i neighbourhood of five million oun.is for the two services, The Premier, Mr Stevens, has declined to discuss the subject. WHY SELL OUT? LABOURITE’S QUERY. (Received May 10 at 9.50 p.m.) SYDNEY, May 10. lu the New South Wales Legisitiv Assembly, a Labour member. Mr Baddcley, asked the Premier. Mr 't vens, whether it was true that the Government had received an offer of five million pounds for the trams of Sydney and Newcastle; and, if so, ' ouid he give Parliament an opportunity of discussing the matter. Mr Baddcley declared that the I abour members were strongly opposed to the sale of the trams, especially ..s the revenue from them is now inTh? Premier replied that the Gov- < rument could not dispose of the Lams without Parliamentary authority. Consequently, it .was no use pur■i ing the subject.