Excerpt from Tramways, Their Construction and Working: Embracing a Comprehensive History of the System, With Accounts of the Various Modes of Traction (Including Horse-Power, Steam, Heated-Water, and Compressed-Air Locomotives, Cable Traction, and Electric Traction)
In addition to engineering matters, the accounts of various English tramways, and the capital cost and working expenditure of some of the undertakings, have been submitted to analysis. The propriety and desir ability of uniformity of accounts, which is now enforced by the Board of Trade, was first recognised by the North M etropolitan Tramway Company. The beneficial effects of uniformity and lucidity of accounts are indisputable, not only for the instruction and satisfaction of investors, but for the guidance of promoters of kindred under takings.
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