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<br />38 <br /> <br />JULY 28, 19.53 <br /> <br />TUESDAY <br /> <br />The purpose of this letter is to offer a reminder that this matter is <br />still pending and is actually one that has been before the council since <br />1949, facts having been submitted in 1949 and at various times since shmving <br />that the rate of taxation applied as the result of improper classification <br />is not equitable and comtitu tes o. hardshj n on all firms involved. I am <br />confident that once t"is corn..rnittee does hold meeti:p4.'":s and studies the matter <br />thoroughly, a reclassification resulting in a mch lower license rate will <br />be the outcome. It is hoped, therefore, that any matters that rmy come to <br />your attention in the meantime that affect the city's fina.nces will be <br />considered in the light of the fact that this issue has been pending for <br />over four years and that it will be entitled to il1ll!l8diate adjustment once <br />the committee does report its findings. <br /> <br />Council was adjourned. <br /> <br /> <br />Clerk of Council <br />