DEVONPORT LIGHTING.
1 1 , 1 I . COUNCIL TO PURCHASE SYSTEM. j The Devonport Borough Council sa I until close on midnight last night dis , cussing with representatives of Electricit - Supply Corporation, Ltd. the propossa 3 for the purchase, an a municipal concern i of the Corporation's electric lighting system -tern at Devonport. Eventually thi ; council's offer of £25,000 for the acquUi - ■ tion of the installation was atcepted b-\ l J the corporation's delegates, payment tc >i be made in debentures of 14 years 5 J duration, bearing 6 per cent interest i J the corporation also agreeing to instal ii en extra kilowatt set to provide fot ! j lighting extension, and to accept addii j tional debentures in payment thereof. 1; The whole arrangement is, of course, IJ subject to the ratepayers approving of i' : the purchase on a loan poll that win be i taken as soon as possible.
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Bibliographic details
Auckland Star, Volume LIII, Issue 98, 27 April 1922, Page 7
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150DEVONPORT LIGHTING. Auckland Star, Volume LIII, Issue 98, 27 April 1922, Page 7
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