CO129-587-7 Telephone Amendment Ordinance 1940 9-4-1940 - 16-4-1940 — Page 49

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any excess over their written down value on realisation

will be credited.

The Bill is being introduced as a Government

measure but its teims have been agreed to by the directors

of the Company. In perusing the Hansard account of the first reading in this Council of the Telephone Ordinance,

1925, one meets frequent tributes to the ability and tact of Mr. Taggart who conducted the final negotiations in

connection with the foundation of the Telephone Company

of which he was a promoter and is the managing director,

and I should like to record that the Government

representatives in the present negotiations with Mr.

Taggart have again met the same high qualities of vision

and breadth of judgment, to which testimony is borne by

the success of the Company and the service it has

rendered to the Colony.

Sir, I now beg to move that the Telephone

Amendment Bill, 1940, be read a first time.

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