W. St. John Clarke, Municipal and Official Handbook of the City of Auckland… (1922)
“ Negotiations for the purchase of the electric tramways by the Auckland City Council commenced in February, 1919, but as the Company's tenure of the City lines did not expire until the 1st June, 1932, the City could not take advantage of the clause providing for purchase in the Deeds of Delegation. This clause made provision for the Local Authority to purchase the Tramway system at the expiry of the term of concession on the basis of its value as a going concern, but not including any sum for goodwill. ”
