THE ELECTRIC LIGHT.

Stratford Evening Post, Volume XXXII, Issue 45, 17 February 1912, Page 5

THE ELECTRIC LIGHT.

(To the Editor “Stratford Post.”) Sir, —As I did not make my point quite clear to the meeting last even-. b l o> perhaps you will permit me through your columns again to endeavour to do so. The goodwill of a business can never be regarded as capital, but as a debt owing by the business. The debt should be gradually wiped out, and my question was intended to find out how many .years tne Council had allowed for this wiping out. If they allowed seven and a half years, the time of the currency of the present concession, the amount to be provided for the wiping out of the goodwill alone is over £6OO per annum. Now, the net xirolits of the company for last year were only something over £SOO, leaving a deficit of £IOO on the goodwill alone. How, then, is the balance of interest on the loan, on £IO,OOO, to be provided for? 1 am, etc., H. WILSON. Stratford, February 17th, 1912.