HUTT VALLEY POWER BOARD

Dominion, Volume 20, Issue 17, 15 October 1926, Page 3

HUTT VALLEY POWER BOARD

THE £150,000 LOAN. Referring yesterday to the proposed loan of £.150',000 for the extension of electrical work in the district under the jurisdiction ot the Hutt Valley Power Board, the chairman (Mr. A. J. McCurdy) stated that the board hoped to be in a position to take a poll during the first week in December. Mr. McCurdy has no doubt as to the loan being sanctioned. “It is a case of going on or closing down,” he said. There was extraordinary activity both in residential settlement and industrial development, which simply had to be provided for, and the £150,000 being asked for was only a moderate sum. To show what the increase had been—an increase made on overloaded transformers, Mr. McCurdy stated that the revenue tor the four mouths ended July 31 last was £15,561, or an average of £3890 per month. Taking the average for the three months from April 1 to June 30 at £3890, the quarter’s revenue worked out to £ll,67l—an increase of slightly over 25Q per cent over the corresponding quarter of the previous financial year. People must get over the habit of thinking of the Hutt Valley as a quiet little suburb of Wellington, said Mr. McCurdy, and must readjust their ideas to a mental picture of a city in embryo, remembering that the population, of Petoue and Lower Hutt was at present equal to tome of the big provincial centres.