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LONDON COUNTY COUNCIL.

UNSOUND BOOK-KEEPING.

(By EWtrie Teleprraph—Copyright.) Per Press Association. (Received March 24th, 858 am) LONDON, March 23. Messrs Peats and Pixley, leading chartered accountants, after an independent audit of the London County Coun-r-il's tramways, show the methods of keeping accounts to be unsound. The displacement of hofses by electric traction caused a loss of a million, and the application of, £203,592 from the earnin"-' of the horse system to relieve the rater, was unjustifiable and ought to have been applied to meet the losses.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/MS19080324.2.24

Bibliographic details

Manawatu Standard, Volume XLI, Issue 8542, 24 March 1908, Page 5

Word Count
86

LONDON COUNTY COUNCIL. Manawatu Standard, Volume XLI, Issue 8542, 24 March 1908, Page 5

LONDON COUNTY COUNCIL. Manawatu Standard, Volume XLI, Issue 8542, 24 March 1908, Page 5