ATTACK ON MONOPOLY.
JSpecial to Herald.) CHRiISTCHUROH, tins day. '• Speaking at a meeting of the" St; Al--bans' Burgesjsaq' Association, M^r T,, JE. Taylor, Ml. P., was heard, on a favorite, subject, when he mentioned the Christchurch Gas- Company. "One of greatest scandals m Christchurch," li 3 said, ''is the apathy of the .people -'with; regard to the monstrous rhonopoly of the Gas Company. The ' general rates of the whole city run into about £46,C00 per annum,. but I believe that if I could get at the books of that one company. 1 should be able to prove conclusively^ that it is taking no less than £301, OCG' m profits m addition to allowances for depreciation and other . legitimate charges against income.". Mr Taylor; went on to say that the bulk of tlie. capital of the company, wbich. he be-' lieved was about £160,000, represelitejl profits that the, company had not da^qd to declare m dividends, but had 'capitalised. Had the city, been wise enough .years ago to have secured the property^ it would be m a position- to reduce tlie rates by half. , "'-.'" -...-' '.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/PBH19100124.2.23
Bibliographic details
Poverty Bay Herald, Volume XXXVII, Issue 12654, 24 January 1910, Page 4
Word Count
183
ATTACK ON MONOPOLY.
Poverty Bay Herald, Volume XXXVII, Issue 12654, 24 January 1910, Page 4
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