To the Editor of the "Norrit-Cuisa Day News,"
Smm—1 used to check my hat at dance halls, and found, day -room attendant than my hat originally' cost, and this Society, nov a full-fledged. member 0
Tam, ete, Tateno, Shanghai, March 7, 1429, 'THE ELECTRICITY DEPT, To, the Editor of the Nonrit-Cutsa Datty News, of editorials, letters articles and "ptoclamati ye been printed in connection, with the sugyeste! sale of the Shanghai Municipal Blectri plant, It is u surprising fact that people who rush into print on these matters do not seem to yo to the trouble even to got their' financial data correct.
seems to me it would he well worth while to consider the pros and cons of this matter from unbiassed point of view, taking into sideration the proper facts and figures instead of the "fancy" ones which have appeared in the general correspondence, Summing up the facts wh been brought sale of the plant, they seem come down to this:—
(1) Why sell a perfectly good asset which is giving "the community a large amount of profit?
(2) If the plant is sold and the contribution to the taxes which is paid by it disappears, taxes must necessarily up A private company is bound immediately to raise all the rates, and fleece the ratepayers. ith the asset of the Elec ity Plant taken away. I's general assets, the Council's general credit' for "borrowing will suffer.
In arguing: to keep the plant the Council's property, the question how it is going 10 be financed in the future is brashed away an item of very little importance.
Text read from the printed page and cleaned; old type leaves the occasional error.