In noting that the company is entitled to an increase in the existing maximum fare charges of 10 and 7 cents per mile under its franchise "which provides for such increases in certain eventualities, such as a material decline in exchange and increase in the price of electricity, the Public Utilities Committee endorsed the company's application as reasonable and justified and recommended its approval The Committee also endorsed the company's request that the three months' notice requirement stipulated in the franchise for increases in the maximum charges be waived, as on previous occasions, owing to the rapidity with which changes in economic conditions are now taking place, and that reasonable notice of the increased fare charges be given by the company.
These recommendations were approved by the Council in meeting on June 11
Text read from the printed page and cleaned; old type leaves the occasional error.