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CARDIFF TRAMWAYS.

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CARDIFF TRAMWAYS. PURCHASE OF THE LINES AGAIN CONSIDERED. W iien the minutes of the Cardiff General [Purposes Committee come before the county council on Monday (the mayor, Alderman Beavan, presiding) a long discussion ensued on the tramway question. The general pwrposee oomxaitdee had decided that it was uncktdrable that the tramways and depots should be purchased a.t thM stage, and Mr. lirain, as an amendment, moved—"Thai the corporation acquire the tramway company's property within the borough at the sum oi £60,000, subject t.o the corporation retaining the value of re-laying the line equal to new, namely, £27,631, the company to carry out the work, such money to be paid to the com- pany from time to tune as the work progresses, according to certificates under the hand of the borough engineer; also that the interest paid by the tramway company be at the rate of £6 per cent. per tinman on a lease of fourteen years." lie thought the council would agree that it was quite time they had possession of the threats, and that could only be brought about! promptly by an amioabie arrangement with the tramway company. The terms which had been offered were not considered satisfactory, j and in his resolution he had reduced the amount to be pa:d for the lines and depots by £ 1,600, irscreased the interest to bo paid by the oom- pany from 5^ to 6 per cent., and substituted icurteem years f ar fifteen as the period for which a ieate should be granted. Mr. Bram referred to the difficulties which other local authorities had experienced in obtaining posses- sion of the tramways carnpulsorily, and, looking at the question from a financial point of view, ez cliairman of the finance committee, and as a private individual, he considered that the terms set forth in his amendment would be equitable to both parties. (Hear, hear.) In this matter they had to consider the public, who would be inconvenienced unless some settlement was arrived at. He admitted that he would like to see the extensions and other improvements carried out by the corporation, but there were reasons why that work should be done by the company. Alderman David Jones seconded the amend- ment in order that it might be discussed, and said that if it were accepted the council pledged themselves to the principle of purchase. ("No, tto.") Mr. William Evans, in supporting the adop. tion of the minutes, said that at the expiration of three years the corporation could give notice to acquire the lines from the Docks to Oakfield- street and to Llandaff-road, with the exception of the portions from the Hayes Bridge to Caro- line-street and about ten yards near Castle- r(yad, whi-h could be acquired compulsorily by paying 30 per cent on the ascertained value. If an arrangement could be made by which both parties—the corporation and the company —could participate in the future profits during the term of the lease he had no objection to purchase the lines at once, but neither of the propositions which had been put forward gave the corporation what they were fairly entitled to It was said that the lines would be made -squat to new, but that was impossible. A considerable proportion of the rails had only been down seven or eight years, and it was not intended to touch those. The average life of a line, he was informed, was seventeen to twenty years, and what, he asked, would be their condition at the expiration of the lease? The amount which the corporation would have in hand at the end of fifteen years on the tramway company's scheme—he had not worked out Mr. Brain's—would be £ 346 per annum after deducting ground rents, which ould not re-lay half a mile of line, while the cor- poration would still have a liability of £ 30,800. supposing the purchase money were borrowed for 30 years. If the corporation agreed to the extensions they would be handing over thedr roads to the company on the same terms viz., ji, per cent. on the outlay, and by the time the lease expired two-thirds of the life of the lines would have gone without the corporation receiving one fraction. This was the position, and the terms offered oould not, to his mind, be entertained for a single moment. Referring then to the agreement between the London County Council and the North Metropolitan Tramway Company, Mr. Evans stated that the amount of purchase money agreed upon was £ 5,000 per mile, with a rental of £ 45,000, equal to 8t per cent. on the cost of the line. The county council also provided a fund for main- tenance, renewals, and re-conatruotion when necessary. For the first four suooeasive periods of three years the sum to be set apart was not less than JB 57,500 in each year, and in each of the last two years of the term of the lease no less than L12,500, making a total for tbs four- teen years of £ 175,000. It was quite right, as had been stated, that the price was £5.000 per mile, but nothing was said about the £175,000 for depreciation and renewals. There was another clause by which the London County Council received 121 per cent. of the receipts in excess of those for 1895, and the company further guaranteed that the amount should not be less than £ 750 a year. The purchase of the depots was settled by arrangement, or, failing that, by arbitration before the agreement was entered into. The rent for the depots was fixed at 5 per cent. in respect of freehold and 6 per cent. in respect of leasehold property, all repairs and ground rents to be paid by the com- pany during the term of the lease. All exten- rions were to be carried out by the county jouncil, the company to pay 8 per cent. upon ihe cost of construction, including Parliamen- tary and incidental expenses In the agree- ment proposed by the Cardiff Tramway Com- pany there was no mention of repairs to depots K grooind rents. The North Metropolitan Com- pany also gave a. first charge upon some of their property to the extent of £ 25,000, and they deposited £25,000 with the county council to be invested, the company receiving the interest as long as the terms of the lease were duly observed. They would quite understand the necessity for suoh a. clause. The rolling stock was to hr taken over at the end of the lease by valuation. The London County Council received £33.295 towards interest and principal, and j625,875 in addition, which went to the relief of the rates. He now proposed to deal with the rent the Cardiff Tramway Company should pay on the basis adopted in the case of the North Metropolitan. Taking first of all the length of the lines at 9 3-10 miles at JBt69 per mile, the total would be £ 4,361. The value of the depots he put down at £ 16,000, and 5 per for the freehold and 6 per cent, for the leasehold would give JE910. The ground rents which should be paid by the company amounted to £176, the proportion of increased receipts, say, £ 50, giving a total rental of £ 5,497. Taking the valuation in another form, and estimating too •tslue of the lines at £ 61,600. Bi per cent. would yield £ 5,236. The ground jems which should ba paid by the company amd ie-ipaid by the corporation brought the total up1 o JB5,497, making a difference of only JB85 as jompared with his other valuation. Taking 25,236 as the amount the corporation would •eceive, principal and interest would absorb 63,142, and there would be left £ 2,094 a year is the actual rental whidh the tramway com- pany would pay to the corporation. This, he contended, was not a. fabulous sum to For renewals, ko., he suggested that the com- pany should spend jB12,651 at once, £ 5,000 a. year in each of the three succeeding years, and JB1,000 a year afterwards to the end of the term, in addition to the sums to be paid quarterly for ordinary repairs. Mr. Evans referred to the various proposals which had been made to the corporation, and said that if the tramway company desired to come to terms they should take the council into their confi- dence in a thoroughly businesslike manner. (Applause.) Mr. Hughes supported the contention of Mr. Evans. Mr. Veall said that 80 muoh new matter had been introduced that the council would be fully Justified in referring the whole question baok to the tramway committee, adding to that committee the name of Mr. Evans. Alderman Jacobs agree! with Mr. Veall, and Mr. Tucker hoped the question would he referred back, as certain information had been given by Mr. Evans which was not previously xn his possession. Mr. Brain withdrew his amendment, and Mr. Evans then proposed thatt the whole ques- tion be referred back to the tramway committee Mr. Veall seconding. Mr. Morel remarked that the terms offered by the company were simply ridiculous. Mr. Beavan asked whether Alderman Jones meant that they were pledged to the purchase if the question was referred back. Alderman Jones: Certainly. Mr. Beavan I challenge that. Mr. 1. Thomas did not see the use of the committee wasting time, as they would do if the corporation were not agreed oil the principle of purchasing1 the tramways. Mr. Andrews ridiculed the idea of comparing Clard,iff with London tramways. S' After further discussion, it was resolved to refer the whole question back to thA tramways committee. PROPOSED ELECTRIC TRAMWAYS Alderman Carey moved the following resolu- tion, of which he had given notice:—"That a special odmmittee be appointed for the purpose of considering the advisability, in the public interest, and for the convenience of the public, of establishing a. system of electric tramways in various parts of the borough." He gathered from tne discussions which had taken place that the corporation were not inclined to grant per- mission to the tramway company to make further extei ions of their system. (Annlause.) While they were dallying with the purchase of the tramways the inhabitants of the town were juffering. During the last year there had been an increase of 41 eleotrio tramways in this country, and this principle of traction had been idopted in all the important towns. As chair- man of the electrfo lighting committee, he also recognised that an immense revenue was obtain- able from the supply of electricity for tram- ways. (Applause.) Mr. George Hopkins, an eminent civil engineer, had reported that at Swansea there would be a revenue of £ 3,333 per mmum to the corporation from electricity sup- plied to the tramways, while the cost of traction would be reduced from 8d. to 4d. The Cardiff Corporation could lay lines from Castle-road to the Rc^jfeh P-ark, from Temperanoetown to the end of Eldon-road, the workhouse to the Docks over Corporation-road Tp Cathedral-road, and, if the IttaaMM Xfeflde were purchased, as far 811 Llandaff. Alderman Jacobs seconded the proposition, which was strongly supported by Mr. Robinson and Mr. Morel, the former remarking that a. 'Mar line from the workhouse to the Docks would pay at a. halfpenny fare. Mr. Morel said it was very necessary to provide accommodation by means of which workmen could get quickly to and from their place of employment. The Deputy-mayor also sUTTported. and the motion was canned unanimously, and a strong committee appointed. THE TRAMWAYS COMPANY'S PROVI- SIONAL ORDER. The council unanimously decided not to enter- tain the application of the Cardiff Tramways Company to • consent to the Provisional Order to construct new lines within the borough.

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