ELECTRIC TRADING

Stratford Evening Post, Issue 40, 22 June 1929, Page 7

ELECTRIC TRADING

POWER BOARD POLICY. REPORT CALLED FOR. The matter of trading was dealt with at yesterday's meeting of the Power Board. Mr N„ H. Moss said) a definite P ()I " ley should be formulated, and ho moved that V'ho engineer be instructed to make no further purchases on account of stock for the trading department except to fill actual requirements, and that he h e further instructed that the Board required that the trading department stock be reduced by all possible means to at least £SOOO,

Mr 11. J. Ma reliant seconded'. He said the stocks of motors on hand seemed to he extensive. It appeared to him that the motors would meet the Board's needs for t\v n years or more. The motors were sold at such a price, that if interest was charged against the trading department it would show a loss. The resident engineer (Mr B. 11. Goldsmith) informed the Board that the number of motors in hand! at present was less than the mtmbelr disposed of last year. A committee consistiifc op the chairman and! Messrs McGumnes, Mnreliant nil d Moss was set tip to- go into the affairs of the trading department to bring down a report as to future policy.