ELECTRIC LIGHT WORKS.

Stratford Evening Post, Volume XXIX, Issue 131, 26 July 1911, Page 6

ELECTRIC LIGHT WORKS.

BOIIOrCJH TO PUliOi-iASE. The iiornngh Conned met last night in coimailtuo to consider Hie report presented >,-v the sub-commi i tec- wmch met representatives of the Electric Si;y imunuany in icgard In ine purchase" of the work's b\ the Borough. An apology for absence was received tVom (Jr. Law son, who was out oi Low n. The sub-committee reported favourably on the suggested terms oJ purchase, and the Council decided to adopt their report. The sub-commit-tee which met the company’s representatives was instructed to recommend ai Initiators to the Council, the terms ol the agreement lining that a sum be paid tor goodwill and that 11 its plant be taken o'er at a valuation decided on by arbitration. On two previous occasions the Hoiousdi Council has approached the compunv with a view to purchasing its works. On the first occasion the parties failed to agree as to the basis or agreement, and on the secon I octuofou when the matter was discussed the parties could not agree on Iho price to be paid for goodwill, the company asking for_£sooo and ll o • Borough offering .■£2500. 'At an early date the Mayor v ill address a meeting of ratcpayeis on tin; matter.