Principles and Methods of Municipal Trading (Classic Reprint) - Tapa blanda

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Excerpt from Principles and Methods of Municipal Trading

A word of explanation is necessary as to how this book came to be written. In 1906 "Municipal Trading" was the subject set for the Warburton Essay Prize at the University of Manchester. It was in writing the short essay which, in an unfinished form, was awarded the prize, that I first came into close contact with the subject-matter of this book. Later, during my tenure of the Langton Fellowship at Manchester, I continued my investigations into Municipal Trading, and this book embodies the results of my work in connection with the Prize and the Fellowship.

In view of the controversial character of municipal trading, it is desirable to make quite clear from the outset the standpoint from which I approach the subject. I have attempted to study municipal trading at work, and have devoted considerable space to an examination of the policies and methods commonly adopted by local authorities in respect of their trading undertakings. Further, the various reasons which appear to have led to a development of municipal trading are considered, and a good deal of attention is given to the financial aspects of the problem, as without a clear understanding of the items which should, and the items which should not, be charged against the revenue of trading undertakings of local authorities, it is impossible to deal at all satisfactorily with the question of the results achieved by these enterprises.

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