CHRISTCHURCH CITY OUNCIL ND GASWOR

Colonist, Volume XLVIII, Issue 11558, 20 February 1906, Page 4

CHRISTCHURCH CITY OUNCIL ND GASWOR

Christchurch, February 19. The Special Committee's report presented to the City Ccuncil on the desirability of acquiring thS property <h£ the Christchurch . GaS Company was considered by the Council this evening-. _?be report stated that in the opinion of the Committee it was desirable to acqtiire the property, and authority was requested fo enter into negotiations with tho Company for the purchase of the pi .tona basis which would yield to ._ ireholders of the Company an onnu.u return, free of income tax, equal to the yearly dividends received during the past ten years. After a long discussion the report was adopted by eight to four.