| Show AN APOLOGY AND correction in our exuberance in the discussion ot of the cites finances last friday wo we committed a grave editorial er error w we e did it ignorantly however as we took the usual precautions to be sure our information was correct through a misunderstanding we got the wrong information and so we make this cor direction fi vi in order that we may be set editorially right the article in last issue stated that 1 in the expense account charged against the water works and electric light departments part ments interest and sinking fund for the year 1921 1021 had been included that is not nat the case tor for the interest and sinking fund is taken rare care of lit in another item in the disbursement col dmn of the cites financial report so that the grand totals are not changed but the net revenue in the water works after taking out interest and sinking fund is reduced from to 90 the interest on water works bonds last year amounted to and the sinking fund to malz making a total of oe in the electric light department there was interest amounting to 1350 and sinking fund amounting to 2761 98 tor for a n total ot of which reduces tho net revenue 0 of that department to instead ot of something over twenty thousand dollars dollar sas as announced in last issue the total NET revenue from the two big municipal utilities tor for the year 1921 therefore is 16 instead ota ot of a c ool cool AB our editorial on friday announced the athe net credit balance in all depart ments lor for last year remains r i eni allis the same 02 and beven ye n with the corre c made in the two big departments the report shows up splendidly we regret the necessity tor for making this correction but we would not be natis satisfied fied in permitting go grave an all error to pass unnoticed |
