Municipal Finance for Students a Short Elementary Work On Municipal

Cover Municipal Finance for Students a Short Elementary Work On Municipal
Municipal Finance for Students a Short Elementary Work On Municipal
Pseud a Municipal Accountant
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. 372 3 2 Sinking Fund . . . . 372 3 2 Sinking Fund Invest- ments .. .. 372 3 2 Cash . . . . . . 372 3 2 and the student would then have had far less difficulty in following the transactions.
It may now be said that " In this case, depreciation is is Sinking Fund the same as Sinking Fund. " This is never so. It is possible that the amounts required for each may some- then? times be the same, but the two funds are entirely different in character and principle.
40 MUNICIPAL FINANCE FOR STUDENTS.
...Reasons to the If the period of repayment of the loan always chanced to be the exact equated period during which the fixed assets comprised in the trading undertaking were of value, many difficulties would disappear, but this is not so. This is quite apparent when it is pointed out that in private Acts of Parliament a municipality sometimes gets a longer period in which to repay the loans sanctioned therein than it would have done had a Department of State given the sanction. Moreover, it is pointed out that a sanction given ten years ago in the case of, say, a tram- ways or an electricity undertaking, or 20 years ago for horse traction plant, &c.

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