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LOCAL TAXATION IN COPENHAGEN. 29 demand for extension has been continuous and urgent. The following table shows the chief items for comparison: — M anchester .

COPENHAGEN. March 5th, 1892, to December 31st, 1897. £ 219,182 34,168 24,792 77.000 33.000 31,700 12.000 8d. for lighting, with discount for large users up to 25 per cent, 2|d. for motors, 2d. for tram service.

July Sist, 1893, to March 31st, 1899. £ Total Capital Outlay at later date....... 493,716 Income iu last year of period................ 71,941 Gross Profit iu latest year.................... 37,591 Gross Profit in whole period................ 137,000 Interest charged ..................................... 38,300 Sinking, Reserve,and Renewals Funds 75,500 Paid to City Funds................................. 39,000 Price charged per unit at latest date... 5d. or l^d., and

35s. per qr. per unit of demand.

The last of the years of the period was the only year in which the Copenhagen electrical works contributed anything to the general city fund. The surplus on the year’s working was credited in previous years to the extensions and renewals fund, which, from and with 1897, is now carried on similarly to the corresponding fund of the gas department. In Manchester eaoh of the last four years has seen a substantial contribution paid by the electricity department to the city fund. Tramways .— In the matter of tramways the situation of the two cities could hardly, in many respects, be more contrasted. Manchester is on the point of taking the working of her tram- system into her own hånds; Copenhagen has but a year ago leased her trams to a company for a period of 40 years. The conditions of the lease are, however, carefully arranged to retain in the hånds of the city a considerable general power of control, ana to divert into the coffers of the city a due proportion of the profits. The city is to have power to determine the motive power to be used, while the cost of changing the system, if change be required, will be borne by the company. The tramway question was, for a long time, a rather com- plicated one. Half a dozen different companies had each a system of lines, some of the lines being here and there used in common. On the fading in of one of the leases, the city