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243
panies are constituted, it was inequitable,
if not positively illegal, that the
initial price of the South Metropolitan
Company should be set aside merely
by a proviso in the scheme; and that
though due provision was made for
the protection of shareholders, no
reduction could be made in price to
South Metropolitan consumers unless,
and until, a reduction was made in
the whole of the proposed amalgamated
district."
It was also decided to employ experts to
???eport as to the effect of the scheme, if approved,
???on the interests of the Gas Consumers of South
London.
In accordance with these resolutions, Mr.
W. H. Michael, Q.C., and Mr. Shiress Will,
??/vith Mr. A. Penney, the Gas Engineer, and
Mr. Alfred Lass, F.C.A , were retained-gentle???nen
whose experience and special knowledge
???on all matters relating to gas and water com???mended
them to the judgment of the delegates.
R 2