At the annual meeting of tho Horowhenua Power Board held at Levin this week, Mr G. A. Monk, who was re-elected chairman, said that it was possible the country was in for some ups and downs, and it' was felt that they should not. lost' time in creating a reserve fund. Wnilst everything looked all right at tho present in omen t, tho next year was going to be the hardest in the board’s life, as tho whole of tho expenditure would have to come out of revenue. Should some of tho industries of tho country suffer a setback, the board might experience difficulty in collecting revenue, and the creation, Oi a i reserve against such possible bad times was essential.
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Manawatu Standard, Volume XLV, Issue 143, 21 May 1925, Page 5
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121Untitled Manawatu Standard, Volume XLV, Issue 143, 21 May 1925, Page 5
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