M.Y.Ivl-JS Al.l.OWAMK I'Ult
TA \ |? A M> I,\ S L It A.\(!?;
Superintendent Trafford states:
"To such comparisons public service
corporations usually object for the
reason that if the service were furnished by them the city would receive
some compensating advantage in taxes
which the corporation would pay. Admitting the validity of this argument,
for purposes of comparison, I have
added to Richmond's cost an allowance
of 11-5 per cent on the entire city
investment, which is a figure very generally used by engineers for this purpose and should be ample to cover lost
taxes, insurance, and other minor expenses which the city does not pay directly for its electric service, but, if
we make allowance for this, we should
be credited with the fair difference in
value of the larger type of arc lamp
which we supply and which I estimate
to be not less than 5 per cent per
annum." After making these corrections, Mr. Trafford gives the following
figures:
Cost of service in Norfolk.. $120,344.05
Cost of service in Richmond 71,362.07
Richmond's saving per annum $487.02
Mr. Trafford points out that this
comparison does not fully cover Richmond's saving in street lighting because there are in use here lights
which are not mentioned in Norfolk contract.
FROLICS ELIMINATED
There Will Be no Social Function at
the Annual Session of
Shirley. 