WAITEMATA POWER BOARD.
UNAFFECTED BY EXCHANGE. At the meeting of the Waitemata Electric Power Board this morning Mr. O. W. Marks asked what difference to the lighting charges of the board the raising of the rate of exchange would mean. The manager, Mr. A. Main, said it would make none whatever. Neither would it make any difference in the bill for interest on the board's loans, none of which was domiciled in London. In answer to a further question lie said the advantage enjoyed in the matter of exchange with Australia had been taken into account when the economy committee of the board recently recommended a reduction in the charge made by tho board for lighting. However, it was pointed out at the time, in the committee's report, that the advantage w a 6 one that could not be reckoned upon to recur, and the reduced charges for lighting were not in any wav dependent upon, that advantage.
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Auckland Star, Volume LXIV, Issue 18, 23 January 1933, Page 7
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158WAITEMATA POWER BOARD. Auckland Star, Volume LXIV, Issue 18, 23 January 1933, Page 7
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