MUNICIPAL MUDDLING.
LOKDONiTRAMWAYS. Press Association.—Copyright. Received March 24, 8.58 a.m. London, March 28. Messrs Peats 'and Pixley, leading chartered accountants, after [an independent audit of ™ the London County Council’s tramways show that the methods of keeping the accounts are unsound. The displacement of horse by electric traction caused a loss of £1,000,000 and the application of £203,592, the earnings of the horse system to relieve the rates was unjustifiable and the amount ought to have been applied to meet losses.
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Bibliographic details
Rangitikei Advocate and Manawatu Argus, Volume XXXIII, Issue 9103, 24 March 1908, Page 5
Word Count
80MUNICIPAL MUDDLING. Rangitikei Advocate and Manawatu Argus, Volume XXXIII, Issue 9103, 24 March 1908, Page 5
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