PURCHASE OF AUCKLAND TRAMS
I'ress Association.
AUCKLAND, May 24
The City Council, at a special meeting, received a report by Mr W. Ferguson, C.E., who reported that the valuation of the tramways was satisfactory. It was not excessive at £1,180,000 for the rights and assets as a going concern. The council decided to Confirm the resolution authorising tho purchase, and authorised a poll to secure £1,250,000 to finance the undertaking
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https://paperspast.natlib.govt.nz/newspapers/NZTIM19190526.2.21
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New Zealand Times, Volume XLIV, Issue 10289, 26 May 1919, Page 4
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70PURCHASE OF AUCKLAND TRAMS New Zealand Times, Volume XLIV, Issue 10289, 26 May 1919, Page 4
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