LONDON'S TRAMWAYS.
UNSOUND ACCOUNT METHODS. United Press Association— By Electric Telegraph— Copyright. (Received March 24, 8.58 a.m.) -LONDON, March 23. Messrs Peats and Pixley, leading chartered accountants, after an. independent audit of the London County Council's tramway accounts, show that the methods of accounts were unsound. The displacement of horse by electric traction caused a loss of £1,000,000, and the application, of £203,592 of tho earnings by the horse system to relieve the fates was unjustifiable, and ought to have been applied to meet the losses. '. I
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Bibliographic details
Star (Christchurch), Issue 9193, 24 March 1908, Page 2
Word Count
87LONDON'S TRAMWAYS. Star (Christchurch), Issue 9193, 24 March 1908, Page 2
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