Addendum to Long Report Received by S.M.C.
An addendum to the report of the Telephone Special Committee was before the Public Utilities Commitiee of the Municipal Council for considera. tion on Thursday evening. In forward ing the addendum to the Council the experts stated:—
"At the meeting of the Public Utilities Committee held on October 28 we were requested to prepare a reply to paragraph IIT of the Terms of Reference. We have now done this. The reason why we did not do so in the main report is stated clearly on page 1 of that report."
The addendum ig as follows:—
Paragraph III of Terms of Referjence—What increase would be necessary if the flat rate schedules are remained for (1) business subscribers, Items.
(2) residential subscribers, (3) ether
The approach to schedules of fat rates is, of course, identical with that fully set out on page 15 of the main report, "From the statement there s¢t forth it will be seen that the return the capital invested at the end of December, 1035, is expected to fall to '842 per cent. It will be appreciated that at this date there will have been 8 Joss of approximately 4,000 stations. The revenue for next year will therefore be lower by the rental of those stations than it has been during the current year, From January 1, 1030, there will be an increase in the amount to de set aside for deprecl ton to cover the capital expendi Incurred this year (see page paragraph III),
Text read from the printed page and cleaned; old type leaves the occasional error.