POWER BOARDS

New Zealand Herald, Volume LXXI, Issue 21859, 23 July 1934, Page 11

POWER BOARDS

CONVERSION OF LOANS TE AWAMUTU ARRANGEMENTS [l"ItOM OUR OWN correspondent] TE AWAMUTU, Saturday The Te Awamutu Electric-Powcr Board at a meeting to-day fully approved the report presented by tho secretary-manager, Mr. D. McArthur, in connection with the proposed conversion of the board's loans under the Local Authorities Interest Reduction and Loans Conversion Act, 1932-3.3. In reviewing the situation, the report showed that the grand total of the board's loans was £IBO,OOO. Under the proposed conversion scheme the annu.il payment for 30 years will remain steady at £9772, instead of £9934 as at present. The average saving on annual charges will bo £503 16s od, or a total of £15,114 over the whole term. THE TAURANGA SERVICE

REQUEST FROM HOSPITAL [from our own correspondent] TAURANGA, Saturday The engineer, Mr. J. R. Bongard, in his monthly report to tho Tauranga Electric-Power Board, stated that 13 new service lines had been erected in the board's area. Inquiries for new load continued at a very satisfactory rate. It was evident that many consumers intended making more extensivo use of tho service, to obtain the advantage of the low rates for current now available. Tho secretary of the Tauranga Hospital Board wrote stating that at a recent meeting of the board references were mado to the high cost of electrical services in the Tauranga Hospital, and he was instructed to ask if the chairman and engineer of the Power Board would confer and suggest any means of cutting down tho present account for current at the Tauranga and Te Puke Hospitals. It was decided to accede to tho request. Tho board authorised the secretary to attend the conference of power board secretaries and town clerks of lighting authorities, to be held in Wellington next September.