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"ERROR OF JUDG|\: MENT."

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RUSSIAN TRANSPORT. ;

- ¡ BUYING THEIR OWN j LAND.…

" G.F.S. " AT SWANSEA.

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FORGING AHEAD.____I

i'E,.I SWANSEA Y.M.C.A-'S…

DIVIDED VILLAGE,

- .MORE VALLEY GARDEN CITY…

ITRAWLERS I TUSSLE.

CAN THEY AFFORD IT?

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CAN THEY AFFORD IT? I SWANSEA'S ELECTRICITY I PROFITS. I HELP FOR THE RATES: £700 THIS YEAR. During the past two yeftrs the Swansea electricity department has contributed £ 2,ZX) to the relief of the rates, and at the Siwanaea Finance Committee meeting on Thursday ;Mr. Hy. Macdonnell in the ohadr) the borough treasurer (Mr. Ashmole) intro- duced the possible contribution permissible from this yearns profits. Ald. Colwill (the vice-chairman of the Electric Lighting Committee) strongly op. posed any contribution at all. They were faced, he said; with a capital exjxitditure of L40,000, on electrical extensions, and that large expenditure would have to be unremunerative for some time ae cables would be put down in areas that they could not hope to get any adequate return from until those areas were developed. Then on the other aide they had the costs of gene- ration going up through the advance in -age, coal and ot.her materials, whilst on the top tiie I CONSUMER HAD HAD A SUBSTANTIAL j REDUCTION in the price of electricity. Moreover, bv I the last assessment the station had to IJay £ 800 more in rates, and so he aaked the committee to draiv the line before allocating anythin.g from the profits. He said this also becauee the finest electrical experts in the country, like Dr. Ferranti and others had Laid it down that all electrical undertakings should have a reserve equal to ten per oent. on the capital expenditure to meet cases of emergency. The capital expenditure of the Swansea undertaking was already about £ 205,000. and this was to be increased bv another £ 40,000, and yet the reserve, in- stead of being over L20,000, was les« than £ 10,000. The Borough Treasurer interposed that this year several things had bef-n charged to reserve wtoich obviously were capitalised so that the reserve now ptood at about £ 8,000. A]d. Colwill: And yet we ought to ha.ve a. reserve of over £ 20,000. Mr. Holmes thought it would look I BAD IN THE EYES OF THE FUBMOk if, after making allocations from the profite towards the relief c-f the rates, they aaad they could not now afford it. Ald. Colwill: I eay we could never afford it. The Borough Treasurer said no doubt there was a good deal in what Aid. Colwill said, but still he himself did not take such a pes- simistic view of the matter. Ald. CoIwill said that he was not taking a pessimistic view at all, bpt what he said was that if they overburdened the station m the way they were doing they would ran it to earth. There were so many new in- ventions in the electrical world that in a few years the whole of their plant Height be obsolete and yet their loan chargee would have to be met on the station as it was to- I day. The Borough Treasurer said that the rea- son he did not take such a pessimistic view wae that though the outlay of £40,000 would cost about 22,000 a )ear in interest and sinking fund yet he thought that some of the outlay would at once be remunerative. At the same time be did not think he could advise the committee to transfer so much from the profits as they did last year (about 91,200), but he thought they should trans- fer one-third. I Ald. Colwill said, that now there Wais a new invention called the Watt laanp, Which it was thought ocmid be used for ordinary consumption, and, if so, that would hit the Corporation very badly. Mr. Holmas:.But it w?uld be encourage- ment to peopLe to go in for electricity. Aid. Miles concurred, and suggested that JB600 be transferred from the pnoiits. ''We don't want to be too harld upon Aid. Col- will," he added. I Ald. Colwill: I am snrpnsod at Aid. Miles when he knows that indirectly it is subsi- dising the property owners. Mr. Holmes I hope your chairman (COun. t Sinclm) is more optimistic than you are. (Laughter). During other discussion tl^ Borough Treasurer would not accept it that the 10 per cent, to reserve laid down by the ex- perts meant that it must be placed to re- serve all at once. The Swansea undertak- ing, in the matter of reserve, was in a better II state than the bulk of the electrical un der- ta.kmgs in the country, and in his opimon if they reached the 10 per cent, in Z5 yeans it would be doing more than a great many I similar concerns had done up till now. Ald. Colwill suggested "putting on the screw on other committees, some of whom budgeted bitr increases and then exceeded their estimates. ("Oh!") Everotually it was decided to roconunend! the Council to al locate R700 from the | profite of the electrto? stataou towwda the I c? t  mtes. )

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STOMACH TROUBLES.

IINCOME-TAX.-I

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"SEEMS OUTRAGEOUS." -

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.. FATHEADED POOLS."

*——————-———...——.—-:—. I CARDIFF…

I"WIN OR DRAW." ————.————

NEW SWANSEA POSTMASTER.

-.................I In Death…

"WELSH CHICAGO P1

1 I "UNEASY LIES THE 1 HEAD-"…