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SWANSEA MUNICIPAL1 TELEPHONES.ii

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SWANSEA MUNICIPAL 1 TELEPHONES. i PROVISIONAL AGREEMENT WITH NATIONAL CO. REPAYMENT OF CAPITAL OUTLAY At a. conference held at the National Tele- phone Company's Offices, London, •Thursdayi afternoon between Mr. Gain." the general manager, and the Mayor, Town Clerk, and CounciBor Dan Jones (chairman of the Corporation Telephones Committee),' a provisional agreement was effected (sub- ject to the approval of the Council in <ne One case, and of the National Telephone Company's directors on the other) wherafoy the municipal system is to be transferred to tneoompany as from the 30th SepternDsr last. The terms are that the company is to repay the capital spent iipon the system (in- cluding the costs of the recent litigation amounting to about £1,5OQ.). The precise amount of the purchase money will have to be ascertained by an examination of the books of the Telephone Committee, but it is expected to amount to nearly £ 2^,000 (taking the law costs into account.) This price does not include the Exchange Building, which will either be bought out- right by the Company or leased for a period of yeans. A point left undetermined is the disposal of whatever profit may 1 we been credited to the system. At the first inter- view, which' took plaoe a fortnight ago, a suggestion thrown out that since Mr. Gaines doubted the actuality of the profits the lat- ter should be left for what they were worth to the Corporation, was so favourably re- ceived as to encourage the hope that it would be adopted by the Company. On Thursday, however, the latter pressed for bringing the amount into account, as well as the sum of JB1,500 paid into the linking fund, in arriving at the actual sum to be repaid to the Corporation; the contention being that these were mere set-offs to the depreciation in the plant since the system was established. It is not anticipated, now that the main heads of the proposed agree- ment have been settled, that the difference in regard to the matter will be allowed to prevent the transfier of the property. u——————*1

GOWER SURVEYORSHIP.

SWANSEA WOMAN SENTENCED AT…

. PANCAKE DAY. If p

SWANSEA TRAWLERS STILL BEING.1…

ITH Å W'S CHANtESt !BRIGHTER.…

BOMBSHELL FOR THE PROSECUTION.

-----SWANSEA HARBOUR TRUST.…

SWANSEA DOCKS DELAYS.

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PRESENTATION TO MR. J. T.…

SWANSEA CRIME IN 1906 -

SWANSEA ELECTRIC LIGHTING…

DEATH OF LORD GOSCHEN. -

SKIPPER'S WIFE AND THE YOUNG…

=====) "POLISH PRINCE" DIES…

LOCAL LAW ACTION.I

GENEROSITY OF MISS TALBOT.I

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SWANSEA CHAMBER OF TRADE.

- T MUMBLES LADY'S DEATH.…

BOVRIL.

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FOOTBALL NOTES.

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