The Electrician Volume 33

The Electrician Volume 33

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1894 edition. Excerpt: ...and play our game properly, that business will be a hard nut for the Post Oflice of the day to crack. Possibly by 1911 it will be worth 200,000 a year. That would be something to sell. But there was something else. Long before then the Government will have to make up their minds whether they will take over the exchange business. If they decided in the affirmative what will be the rational course for them to pursue? Will they six, or even ten years before the moment arrives, embark upon the enormous expenditure of erecting machinery and plant to supersede that belonging to our Company for the purpose of knocking down the price of our business? The idea is so reckless that one cannot believe it will enter into the mind of any responsible person. I do not believe that a great public department like the Post Office will be so lost to a sense of their duty to the taxpayer, and of fairness to this Company as to spend huge sums of money in order to confiscate our property. In reply to Mr. Galbraith's question about investing the reserve fund in Consnls I may say that now that we can borrow money at 3 per cent., instead of 4 per cent., as formerly, the objection to putting our reserve fund into Consols has to some extent vanished. The feeling of the Board is inclined very much to the desirability of doing so, sooner or later, probably sooner than later, but we want to see our way out of this Post Oflice affair first. Mr. LEAK and Dr. GALE having made a few remarks, the resolution was carried. On the motion of the CHAIRMAN, seconded by Lord BALFOUR of BURLEIGH, resolutions were passed making the necessary alterations in the Articles of Association in view of the intention of the Board to hold half-yearly meetings. Mr. G....show more

Product details

  • Paperback | 1006 pages
  • 189 x 246 x 50mm | 1,755g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236740653
  • 9781236740656