LONDON COUNTY TRAMWAYS.
UNSOUND METHODS. Received March 24, ?.58 a.m. LONDON, March 23. Messrs Peats and Pixley, leading chartered accountants, after an independent audit of the London County Council's tramways accounts, show that the methods of keeping the accounts are unsound; that the displacement of horses by electric traction caused a loss of a million; and that the application of £203,592 of earnings from the horse system to relieve the rates was unjustifiable. The money ought to have been applied to meet losses.
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https://paperspast.natlib.govt.nz/newspapers/WAG19080325.2.13.2
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Wairarapa Age, Volume XXXI, Issue 9048, 25 March 1908, Page 5
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83LONDON COUNTY TRAMWAYS. Wairarapa Age, Volume XXXI, Issue 9048, 25 March 1908, Page 5
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