With reference to the re-issue by certain firms and institutions of books of ricsha tickets of the same face value as the Manicipal issue, the Council confirms the decision of the Finance Committee to offer a discount of 5 per cent to purchasers of tickets to an amount of not less than $100 daring one month.
Discussion ensues upon the subject of the profit at present accumulating on the sale of tickets owing to the depreciated value of copper cash, at present 1,240 to a dollar, and decided to adopt the same course as in March, 1906 when similar circumstances arose, viz., to redeem the tickets 20 per cent above their face value.
By this means the benefit of the concession accrues not to the owner or occupant of the vehicle, but to the coolie whose daily expenses are affected by the depreciated cash.
The text of the circt
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