TRADING RISKS

Auckland Star, Volume LIX, Issue 124, 28 May 1928, Page 8

TRADING RISKS

TO SELL Electricity

ODESTIOK or

POWER BOARD MEMBER'S StUj^

"We l.are no right "to «d T . . assistance to any ffian without sa.d Mr. T . La mont at ot the Waitemata Electric Pow when asking that his dissent f ro^ d cision in committee be recorded. The question of a chaTjre b» „ registered, or a caveat iodfL .5 ** title by the board, was under duSt? Mr. Lament said he objected?*"financial assistance being «ivZ > "J one without sufficient slrariL members of the board weremajJ^ B with their own money; thev ing with public money. He a mortgage should be reeiswT property. tered «• a Mr. Greenslade: No one w» _ opposed to trading than I was. found, however., that it was — to push certain electric board then adopted a poffy Mr Lamont 13 in error when he could not get credit outsifc TH g *l ng re B' st ered agSSu title. The fact remains that tbchZ* is a trading concern, not so mocktoS electric appliances as to sell ektbLS? and thus turn it into a wnnSzSQ' concern. Therefore, they trading risks. *•« Mr. Lament's opposition wag aoted.