CO129-452 - Others & Individuals - 1918 — Page 473

:

„UATION SHEET No......

From THE N.E.C. CO., LTD.

20th...June.....

To....BT Williams y Esq.

1918.

468

construction and equipment of a tramway and the urgent demand

for that class of material for War purposes, no contractor

would enter into a binding contract to complete the construction within a certain period. The Government will readily appreciate the position from the point of view expressed,

So far as finance is concerned, I have no hesitation

in saying that I could secure the capital through our frienda

when the War is over if the Peace terms are what we all hope and expect directly we, as contractors, could see our way

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to enter into a contract for the construction and equipment

of the tramway which would satisfy those providing the capital,

and I am confident that I could without di:iiculty satisfy the

Government that this statement is well founded and could be

relied on.

For your information I can state that we have financed

through our friends, and carried out the complete contracts for

the construction and equipment of the following Undertakings:-

Rhondda Tramways Co.

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Approximately £400,000.

Torquay Tramways Co.

£220,000.

Mexborough & Swinton Tramways Co. "

Musselburgh & District Tramways

Wisbech Electric Light & Power .

£170,000.

£140,000,

£ 15,000.

Undertaking

As further evidence of the financial support which

I can command I might mention that in the year 1914, when

capital was certainly difficult to raise, I had no difficulty

in seouring £46,000, for the City of Oxford Electric Tramways Dd.

for the purpose of providing between 20 and 30 motorbuses

required to comply with an agreement I was negotiating with the

Corporation. The only security was my estimate of results,

coupled with a statement that I would get an agreement with the

Corporation and an not of Parliament to confirm it. As a matter

of fact the motorbus service was in operation before the

agreement was completed, although subsequently the agreement and

Act