FUNDS FOR SUBSIDIES
ELECTRIC RETICULATION RURAL COUMCIL’S POSITION Special Correspondent WELLINGTON, Sept. 26. “ The Rural Electrical Council has not spent anything like its income in the last three years,” the chairman of the council, Mr A. E. Davenport, told the power supply authority engineers and secretaries to-day. Mr Davenport said he expected the council would have £90,000 to £IOO,OOO in hand at the end of this year. There would, therefore, be no need to increase the levy in the meantime. It was estimated that, with the money in hand now, without allowing for the increased revenue due to the increased levy, the council could for 10 years after 1952 cope with subsidies up to £39,000 a year. The council had granted subsidies on £600,000 capital expenditure. This involved 335,000 subsidies and the building of over 12,000 miles of lines. Of this, 234 miles had been built. „ Mr Davenport asked the authorities which had been granted subsidies for lines not yet built not to put in Mr subsidies on further lines unless there was a chance of building them.
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Bibliographic details
Otago Daily Times, Issue 27196, 27 September 1949, Page 4
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178FUNDS FOR SUBSIDIES Otago Daily Times, Issue 27196, 27 September 1949, Page 4
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