LIGHT AND POWER
THE MUNICIPAL UNDERTAKING. PROFIT OR LOSS? Councillor T. Forsyth at Thursday evening’s meeting of the City Council congratulated the electric lighting department upon tho fact that the reffitrns placed before the council show' for the first time this year an excess of revenue over expenditure. The credit balance shown was a very satisfactory feature of the return. It was due, in fact, no doubt, -to the attitude adopted by the council in April last in cutting out the discount on power. Councillor C. J. B. Norwood said that Councillor Forsyth apparently was not acquainted with the full facts. Tho real position was that the account had gone back £I7OO as compared with the corresponding period of last year. No councillor could feel satisfied with such a position. The public might he led to believe from Councillor Forsyth’s statement that the department was “getting on swimmingly.” He urged the council to take the position into consideration.
A councillor complained that ho had not the department’s report before him, and asked tho reason. Councillor Norwood said he presumed it was because the tramways 'committee was looking into the finances of tho electric lighting department.
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Bibliographic details
New Zealand Times, Volume XLVII, Issue 10960, 23 July 1921, Page 8
Word Count
195LIGHT AND POWER New Zealand Times, Volume XLVII, Issue 10960, 23 July 1921, Page 8
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