GISBORNE TRAMS MADE LOSS FOR YEARS.
COMMISSION REPORTS ON SUSPENSION ORDER. (Special to the "Star.”) Gisborne, October 30. The report of the commission of ex-, perts appointed by the Minister of Public Works to go into the question of whether the Governor-General should grant an order enabling the Gisborne trams to be scrapped, shows that the trams have been making a big loss for years, and that with renewals required in the immediate future the annua! working loss would be £267(). to which would have to be added £2942 required for interest and sinking fund. Whether the trams are scrapped or not the commission finds that the track and plant could not be maintained at a satisfactory rate of efficiency, owing to lack of funds, and for the past three years the loss on the working expenses amounted to £IBOO. The report comments strongly on the absence of a renewal fund. The commission considers the engineer's estimate of £25,000 for renewal of the Gladstone Road track reasonable, but that it would be sufficient if a mile o( the track were renewed in the meantime. The commissioners recommend that consent be given to the application for an order to suspend the service.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TS19261030.2.85
Bibliographic details
Star (Christchurch), Issue 17991, 30 October 1926, Page 9
Word Count
201GISBORNE TRAMS MADE LOSS FOR YEARS. Star (Christchurch), Issue 17991, 30 October 1926, Page 9
Using This Item
Star Media Company Ltd is the copyright owner for the Star (Christchurch). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Star Media. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in