LONDON ELECTRIC TRAMWAYS.
• 7-0 A LOSING CONCERN. London, March 23. I Messrs. Peats and Pixley, leading chartered accountants, after an independent audit of the London County Council's tramways accounts, show that the methods of keeping the accounts are unsound. The displacement of horse traction by l?TOQJ»o aotion haS t,aUSed ' l losa °'" t The application of £203,592, the earnings of the horse system, to relieve the rates was unjustifiable. The auioujt have been applied to meet €e losses.
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Bibliographic details
Taranaki Daily News, Volume LI, Issue 81, 25 March 1908, Page 2
Word Count
77LONDON ELECTRIC TRAMWAYS. Taranaki Daily News, Volume LI, Issue 81, 25 March 1908, Page 2
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