BAY POWER BOARD

Bay of Plenty Beacon, Volume 7, Issue 83, 20 June 1944, Page 4

BAY POWER BOARD

ESTIMATES FOR YEAR The estimates submitted by Mr J. D. Dicker, engineer-manager of the Bay of Plenty Power Board at the annual meeting showed estimated revenue of £55,932. Expenditure was estimated at £664 less. Estimated Capital Expenditure for 1944/45: The amount of. £3135 as shown in the estimates allows for /the completion of the ' new 750 k.v.a. transformer for the'supply point of the Whakatane Borough Council, and the sum of £1000 towards the new metering required in connection with the. metering of water heaters. The balance comprises: capital items required for lines, services, equipment and general normal metering. Power Fund Estimates for 1944/'45: The total estimated power fund expenditure indicates an increase of £1683 over the expenditure for the past year,, the chief item being the estimated increase in the .cost of

power purchased. Owing to the present conditions effecting the installation of consuming equipment, and the supply of electricity only a small increase in the gross sale of electricity has been allowed for in the estimates for the ensuing year. When the recent concessions to consumers by way of discounts estimated to amount to £5500 for the year, was deducted, the. nett results indicated £1791 below the year ended 31st March, 1944, in spite of which a resultant credit balance of £664 is anticipated over the year's operations. The above forecast can be considered satisfactory if maintained through the future period of restrictions.