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THE COUNCIL AND THE GREAT ORME TRAMWAY. Now that the Great Orme Company have declined, the offer made by Llan- 10 dudno Council for the tramway to the, summit of the Orme, something may be said of what the Council have allowed to slip through their fingers. In justice to the Company the price off'ered and refused can not be given, but it may be stated that it, was considerably below what the direc- tors thought was its fair market value, and also below that which the special committee which considered the matter recommended. The line, which roughly speaking, is a mile and a quarter in length, was con- structed and provided wilth the necessary rolling stock at a cost of P,21,523, 15s. 9d., of which sum nearly a fifth was absorbed in law, parliamentary, legal and engineer- ing expenses, leaving the nett cost, at ZD t) aproximately £ 17,000. Unfortunately for the Company the capital was not fully subscribed, and the providing of money to pay off bonds, etc. has crippled the undertaking throughout its career. That the facilities the tramway afforded to visitors of getting to the summit of the Orme were appreciated will be readily conceded when it is stated that in 1907, 79,879 persons were, carried, producing a revenue' of nearly £ 2200, which sum was sufficient to show a working profit of over £ 580. The weather during the latter part of 1908 was most unfavourable, and although in June and July the receipts exceeded those of the preceding year, "he following months of August and Septem- ber were so unfavourable as to more than wipe off the increase, the working profit for the year was nearly £ 90 less. When it is stated that the town might have acquired the undertaking for a sum which would allow of their borrowing the money at a possible cost to the town of less than a half-penny on the rates intel- ligent ratepayers wil want to* know the rea- son why the opportunty was lost. As stated, the possible cost is half-penny in the pound, but it is more than likely it would cost the ratepayers nothing. If the company were able to make such a profit crippled and tied as they were on every side it is only reasonahle, to anticipate that the Council, with every facility for advertising and booming the concern, would increase the working profit to such a figure as to allow a surplus for the relief of the rates. In any case, after 25 years, when the borrowed capital would have been re-paid the town would be in possession of a most valuable asset. I w The short-sighted policy of those mem- bers of the Council who are responsible for this blunder is to be deplored, and it is to be hoped the ratepayers will have an opportunity of judging for themselves before the election comes as to the merits of the contention of the special committee that, the Great Orme Tramway could have been developed into. a profitable under- taking. The committee spent a great deal of time in order to obtain a, thorough grasp of the undertaking and its pos- sibilities. The example of Colwyn Bay who acquired the Pwllycrochan Woods might be cited to those retrogressive members who threw away this opportunity, as one to be followed in the true interests of the town they have been elected to govern.

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