Excerpt from London County Council Election, 1907, Vol. 1: Facts and Arguments for Municipal Reform Speakers and Candidates I should say that, if a municipality takes care that its constituents, the ratepayers, have as full an opportunity of knowing what it is doing as the shareholders in a well-managed public company, there need not be much fear as to the proper administration of its affairs. It seems to me vital that in all these matters the ratepayers should have periodically placed before them the fullest and clearest account of the assets of their several undertakings, of the profit or the loss that may be incurred: by any of them, of the necessary provision for the depreciation of plant, and last, but by no means least, of the provision made, for repaying loans - not out of fresh loans - but out of rates. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.