THE AUCKLAND TRAMWAYS.
TERMS OF PURCHASE BY MUNICIPALITY. By Telegraph Press Association Auckland. Last NightSubject !r> (Oivlilli.rttioll by H poll Of ratepayers the viiv council ha* decided as follows in regard to the Auckland tramways, which are now owned by a private companv:— (1) The purchase by the corporation of the company's husines3 (21 "heprice is £1.143,75 C and the amount of Hip current vear's net profits, and sunwt to an adjustment between current assets and liabilities as to June 30, 11)10. (3) The whole of the purchase money I to be paid in municipal debentures as 1 follows: £393.750 at 5 per cent ner annum. -2! venrs' currency; £750,000 iand the amount for the current year 3 net profits, and adjustment as previously mentioned, 5} per cent interest per annum, with 21 veare' currency. (4) The corporation to take possession on July 1, 1919.
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Taranaki Daily News, 1 April 1919, Page 5
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145THE AUCKLAND TRAMWAYS. Taranaki Daily News, 1 April 1919, Page 5
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