A MISCALCULATION.

Stratford Evening Post, Volume XXXII, Issue 48, 21 February 1912, Page 5

A MISCALCULATION.

IMPORTANT LETTER FROM HIS WORSHIP THE MAYOR.

TO THE RATEPAYERS. Fellow Ratepayers,— I very much regret that the amount stated by the company’s directors as the cost of the new plant landed and installed in full working order has been exceeded by £561. The amount given to the committee, £3504, was distinctly stated by the directors to more than cover the cost. • In fact, they informed us this sum had been over-estimated. However, the ,committee in framing their report to the Council took the precaution to add another £IOO to the estimate given by the company ; in order to be on the safe side. It is now found that; the cost will) be more like £4150. This fact x was discovered by the! Town Clerk yesterday afternoon, and was immediately communicated to me. This morning Cr. Ward and myself met the directors with the object of endeavouring to got them to shoulder the burden of their own mistakes, and to stick to the original estimate. This, after due consideration, I regret they could not do. _ I therefore consider it my duty to inform the ratepayers at the earliest possible opportunity that the cost of the new plant will exceed the amount for by the committee by at least £6OO, and I now leave the matter in _ your hands to deal with as you think fit at the poll to-morrow. • ' J. MASTERS, Mayor.