AUCKLAND TRAMWAYS
TERMS OF PURCHASE BY THE CITY
Br TelccraDli-l'rer.s Association. ■ Auckland, March 31. • Subject to confirmation by a poll of ratepayers tile City Council has decided as follows in regard to tlm Auckland tramways, which are pow owned by a private* company :—(l) ':'hc purchase, by (lie corporation of the company's business; ('2) I lie price is ,*1,143.750 and the amount of the 'ciirrent : ,v''ar's nel yrofils, and subject to nil adjustment between current assets and liabilities'as at...lime 30, 1019: (3) the, whole t.f the puvchasa money to be paid in municipal deben- • l ures'as f0110w750, nt 5 per cent, interest per annum, with 21 years' cur- s rencv; .£750,000 and I lie. amount for tlm , current year's net profits and adjust- . meilt, as previously mentioned, at 51 per cent, interest per annum, with 21 years' .currency; (4) tho corporation to take possession on July 1> 1019. On J chango to-day ordinary tram slum sold at XI to <81 la. M.
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https://paperspast.natlib.govt.nz/newspapers/DOM19190401.2.75
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Dominion, Volume 1, Issue 160, 1 April 1919, Page 6
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162AUCKLAND TRAMWAYS Dominion, Volume 1, Issue 160, 1 April 1919, Page 6
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