THE GAS WORKS.
At the "Borough ' Council meeting last night Cr. Wildiah moved that the Borough Council purchase the gas works as a* municipal cdncern. Two years ago a Bill was passed giving the Council a, five-years' optioiv of -purchase '? two years; of that petfbd'had already elapsed. He would like^'to supply - further ' details m committee to prove, his easei ' Tlie byproducts would also, I 'be of great benefit. k>' the Borough,— Or. Hill seconded the proposal> as he coiitend'e'd! that it .SvoulnV help'to Reejidown thb prifces of 'wood, ca&l, " and coke. He' belifeved tlie rate-, payers would support? the rhotion.r-Cr.,' contdndedi the time was not ■ .op-| ; pottune.— Cr. Mouat held that with the' : deTelbpment of electrical ; schemes . the; jQajs Company Ai'onld lidt be a payingproposition.— The chairman said liei would' r oppose the proposal, because ii necessary, an ' extension of time could eaa ily bo obtained. On perusing the 4 statements he felt, confident that it xvould cost anything up to £80,000 with goodwill, and the profits .would not amount to 5 per, cent. If we extended. *he electric light it would have, the, affect of diminishing the goodwill asked Hi; connection- with the purchase.-r-Cr. Wildish, m reply, considered the present '-tinio was most suitable for going into the matter. He believr-d. (he works could) be purchased to show a good profit. — On
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/PBH19180703.2.47
Bibliographic details
Poverty Bay Herald, Volume XLV, Issue 14647, 3 July 1918, Page 4
Word Count
223THE GAS WORKS. Poverty Bay Herald, Volume XLV, Issue 14647, 3 July 1918, Page 4
Using This Item
The Gisborne Herald Company is the copyright owner for the Poverty Bay Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.