WELLINGTON CABLE CAR SERVICE SOLD
COUNCIL TAXING OVER (P.A.) Wellington, Oct. 3. The Wellington cable cAr service, which has been operated by a company since its inception 46 years ago, is soon to become part of the transport. service administered by the Wellington City Council. At a meeting of shareholders of the Kelburn and Karori Tramway Company, Ltd. it, was decided to accept the council’s offer to purchase.
The sale is to extend to a subsidiary company, the Kelburn-Karori ,Motor Bus Company, though this is to be treated as a separate proposition. However, it is believed that the council has indicated that both undertakings should be part of the deal, as they are inter-related in the carriage of passengers. The capital of the Kelburn-Karori Tramway Company is £30,000. Its fixed assets are shown in the balance sheet at the beginning of this year at £56.000. There are about 100 shareholders.
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https://paperspast.natlib.govt.nz/newspapers/WC19461004.2.84
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Wanganui Chronicle, 4 October 1946, Page 6
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150WELLINGTON CABLE CAR SERVICE SOLD Wanganui Chronicle, 4 October 1946, Page 6
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