NEW WATER SCHEME

New Zealand Herald, Volume LXX, Issue 21560, 3 August 1933, Page 8

NEW WATER SCHEME

SUITLIES KliOM WAIKATO ' PRIVATE COMPANY PROJECT v|l LONDON CAPITAL AVAILABLE 'II mm Plans for the establishment of a new - Jt l water supply for areas which at present,',': If nro cither inadequately server! or no source .of bulk supply arc in -course. of preparation by a company- to known as the Waikato Water Company, Limited. It is proposed draw the water from the Waikato River and to sell supplies to such local bodies or other interests as desire to purchase water. A project of this nature was '|§|| before the public in 1025. and subsccjuent years, when an effort was mad| to form a Provincial Water Board, but f||| under that scheme the financial r4_§|f sponsibility was to be carried by the* 'J| contributing local bodies. . The promoters of the proposed Wai- ||fl kato Water Supply Company, Limited, s|| have announced their intention of seeking to have a private bill put through Parliament during the coming }|" session, giving them authority to take f|J water from the Waikato River and to ' m establish the necessary works and pipe lines for the carrying out of the project- ; i 5 It is known that London interests S|f will play a prominent part in the finan-|»>?|| cing of the undertaking, but the Atickland representatives are at present not prepared to make any definite state- ;ffs ment- regarding the details. Overseas engineers, acting in conjunction with local engineers, have made a thorough || investigation of the proposal, and it is stated their reports are particularly favourable. They have advised that the , scheme would provide an adequate v water supply in the future for districts through which the proposed pipe-line would pass. It is also stated that in due course evidence will he furnished to the Government that the financial stability of the interests behind the project is be* yo'nd question. -