POWER AT TE AWAMUTU.
REPAYMENT OF LOANS.
UNBRANDED HARDWOOD POLES. [BY TELEGRAPH. —OWN CORRESPONDENT.] TE AWAMUTU. Sunday. At a meeting of the Te Awamutu Elec-tric-Power Board it was decided to enter a vigorous protest; against the proposal of the Local Govarametit Loans Board to limit the term cf loan advances to 20 years with a sinking fund of 3 per cent. The chairman said the Loans Board was adopting an arbitrary attitude that mustj bear heavily on power boards. The secretary-manager, Mr. D. - Me* Arthur, reported that some hardwood poles from Australia had come to hand nobranded. As they did not comply with tbe specifications ha had refused them* The secretary's action was endorsed. . A member suggested that it might be desirable for power boards to' unite iifc appointing a competent inspector in An»« tralia, but the chairman stated that this suggestion had not found favour whe4 advanced at a power boards' conference* The financial statement showed the power fund account itii credit £ll2l Is 4d, on tho loan account a, credit of £1239 128 3d, and on the consumers' finance accounb a*credit of £286 7s 4d.
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Bibliographic details
New Zealand Herald, Volume LXV, Issue 20131, 17 December 1928, Page 13
Word Count
187POWER AT TE AWAMUTU. New Zealand Herald, Volume LXV, Issue 20131, 17 December 1928, Page 13
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