In accordance with the wish expressed in the Memorandum on the Tramways, issued in the form of a special Municipal Gazette" on Saturday our columns are open to the public for the diecassion of the pointe at issue between the Tramway Company and the Conacil convenient if communications on subject take the form of correspondence ready for publication, with clear indication of the matters on farther information is desired. But we can sympathize with a correspondent who finds that the technical details of the question onder discostion render by a layman almost impossible, tention, bowers to the latest report of the Shanghai Electric Construction Company, prevented at the meeting held on December 16, 1909, in London and to the report of the proceedings at that meeting. From the former it is to be seen that the Company's monthly receipts from July to November last year showed a steady increase, being respectively, after allowance nade for exchange, $36,986, $37,419, $37,707, $38,500 and $40,000. In the Chairman's speech occurs the following passo "I do not propose to go into the question of net receipts as distinguished from gross receipts, except to say thy while takings have proved, expenses are lower now than they were daring the frst elf of the year, and for the four months from Jaly to October we hare ben earning about $7,000 month la Shanghai, subject to provision for depreciation. Te is antiatectory that, while we have never bad to remit any money to Shanghai, we have recently received remittance of £4000 from Shang-bai, which considerably more than recoups all the expenditure wa have made here, outside the Works Contract, for stores and other items which form part of the working ex-
The words underlined by our correspondent seem to indicate that the Head one of the Company adopts 8 giant eyesore, and it would be well for the artistic reputation ofjin national expenditure in order to trid it is asked whether allowance has that it is necessary to economize:
Text read from the printed page and cleaned; old type leaves the occasional error.