ELECTRIC TRAMWAYS.
HEAVY LOSS IN LONDON
United Press Association— Copyright LONDON, March 23. Messrs Peats and Pikley, leading chartered accountants, after an independent audit ol the London Countv Council’s tramways, showed that the methods of stating the accounts ire unsound. Tho displacement of horse bv electric traction has caused i loss of a million pounds, the application of .€203,592 of earnings of the horse system to relieve rates u as m,justifiable, and ought to have been applied to meet losses.
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Bibliographic details
Gisborne Times, Volume XXVI, Issue 2148, 25 March 1908, Page 3
Word Count
80ELECTRIC TRAMWAYS. Gisborne Times, Volume XXVI, Issue 2148, 25 March 1908, Page 3
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