HomeMy WebLinkAbout1934-03-06 Finance Committee Minutes Meeting of the Finance Committee March 6, 1934.
The meeting was called to order at 6.15 o'clock. The records of the
3rebi?us meeting were rHad and approved.
he Board of Public Works wished to change their estimate on Snow and
Ice from $3500 to $5000. The Committee recommended $4000.
Under Soldiers' BeHeFits, the Selectmen requested $500 additional for
Military Aid.
It was voted on motion of Mr. Devaney that Administrative Expenses under
Charities and Aid be reduced $500.00 to $4,850.00.
It was voted on motion of Mr. Connelly that $500 additional making a
total of $700 be recommended for Military Aid.
It was v8ted that the matter of the Light Department Store be taken from
the table. hairman Mount read a report previously presented by Mr. Connelly
Chairman of the Special Committee. Mr. Devaney read a report which he had
prepared and after discussion pro and con a recess was declared in order that
a report could be prepared which would be acceptable to all members. After
the recess the report was read in regard to the investigation of the Light
Department store which investigation had been carried out in accordance with
the vote of the Town Meeting March 20, 1933, under Article 3 of the Town
Warrant. A copy of this report is attached. Voted: That the report
be adeptb& and the clerk instructed to proceed in accordance with the vote
of the Town which required that a copy of same be sent to the customers of
the Electric Light Plant, prior to the meeting at which the report was to `e
presented.
It was voted that the Chairman appoint a Committee of three to draw
rules of procedure for the guidance of the Finance Committee meetings.
Chairman Mouht read his preamble to the Finance Committee Report for
%. 1934 which was accepted and the Clerk instructed to affix the names of all
members of the Committee.
Adjourned 10 P.M.
Mbmbers present: Chm. Mount, Canty, Connelly, Crocker, Currell, Devaney,
Dickie, Haley, Knox, Merrill, Roberts,ScSSc�oo'tt.
,
Clerk
TOWN OF READING
REPORT OF THE FINANCE COMMITTEE IN REGARD TO THE INVESTIGATION
OF THE
MUNICIPAL
LIGHT
OFTHE
ET OWN AT THENT STORE SANNUALyy MEELED TINGCORD-
EWITH THE VOTE
OF 1933, UNDER ARTICLE 3, OF THE TOWN Wi.RRANT.
To the Citizens:
The store is primarily for the purpose of selling electrical
® appliances to encourage the increased use of electrical current thereby
increasing the profit of the electric light plant and making possible
lower rates to consumers, which, of course, is necessary and advisable.
At the present time there does not appear to be any other concern
or agency that can merchandise the complete line of appliances and give
service as good as the Electric Light Department, therefore, the present
arrangement should be continued.
7 The expense occasioned by operating the store is relative to the
1 benefit accruing to the plant and open to honest difference of opinion.
It seems to your Committee that the cost of store management, in view
of the experience and ability of the different. salosmen and Manager,
could be decreased, without decreasing the relative value and effeciency
of the store to the plant.
March 6, 1934. FINANCE COMMITTEE, Robert B. Mount, Chm.