Repurchase—F, After 15 years base: take the 7 last years, tuke off the 2.smallest la receipts, take the average that shall not be inferior to the receipts of the last year, and Time ut Concession—G. 50 years.
Hoyalty—H. $50,000 per annum from the outset, an additional amount of $1,900 being paid every year up to $49,000, so that the Royalty for the 50th year will be 399,000. There must be added to these advantages a proportional revenue, according to a given scale, in consideration of the revenues the Company may get;, it would be xs follows Receipts above $20, C0; permile 10% 21,000 ug 93000, 128% ete., ete.
Tiiwe suppos> a length of line of 20 miles and the receipt of $50,060 per mile f tthe 50th yer we will have then:—Royalty $99 000 x $227,000 tots1"$325,000.
Current—1. Power Engines—J. 6 Boilers, 3 Engines of 690 horse power, 3 Dynamos giving 400 Knts
shaft. the, dyaemos Using dicastly coupled on the Detail of Construction—K. 18 months after signature of the Contract.
Plans, estimates, etc., tender well worked out, most serious pecuniary advantages for the' Municipalities.
.—British Electric Traction Ca.
System—A. Trolley with overhead wires.
P. and S.—B. Nowhere this tender says if it accepts the Council's Conditions.
Cost—v. £200,000.
Sperd—D.
Weight of the'Rails—B._ 87 Ibs.
Repirchase—F. After 20° veal for the capital, 30% premium, Time of Concession—G. 50 years.
Hoyalty—H. 10% on graas receipts.
Current—I, 550 volts.
Text read from the printed page and cleaned; old type leaves the occasional error.