FRANKLIN POWER BOARD.

Auckland Star, Volume LVIII, Issue 134, 9 June 1927, Page 20

FRANKLIN POWER BOARD.

LOAN' OF £50.000 ACCEPTED. The Franklin Powpt Board met yesterday afternoon, the chairman, Mr. J. Dean, presidins. An offer of £50.000 loan money. required by the board for farther reticulation and payment of its debt to the Pukekohe Borough Council, at 5J per cent for 36J years, with 1 per cent sinking fund, was accepted. It was stated that the fir<r instalment of £20,000 was available immediately. Arrangements were made tn pay the amount owing to the lmmush. fJl.eso. in three months". The engineer reported that surveys bad ievn made and plans prepared for linos from Opnheke to lied Hill and from Kamarania T<> Ararirau. The canvass made along the K.iriotahi Road showed a deficiency in -•■venue of ±U7 per annum. Or-'.y eisht our • f lit p--»-si!.]p consumers had "signed f.>r power. Taurnnzaruru Road and part of the Top Kuad show«tl a deficiency of £-r>. Wish a further canvass this ronid probably be made up. To r<ach thro* , properties on the Top Koiid a minimum jrunrantpe of £75 por aiuinm would be required. A canvass was proceedinc from Paerata to Kunciman nnd toward Patnmahoe. A meeting of rate-nav.-rs of the Waiau Pa district had he.-u irrancrnl for this week. The chairman and the Mr. T. R. Overton. wore nnpointcil th.- boflrdS delefrntes to the conference of powr boards viih the Minister of Public Wnrks at Hamilton on Thursday to discuss the question of ivcrcomina the threatened shortacc of power pendin&tthe completion nf, the Arapuni chi-meT" The Waiukn Town Bonn! forwards iiithority for the erection of ten additional ■itrrer lisrhts nt Waiuku. The engineer -tatid that iW-livery of the nec.-<>arv i-quip-uciit was i-\p<-M'ti>d within .1 mniith.