POWER SUPPLIES

Poverty Bay Herald, Volume LXIV, Issue 19340, 2 June 1937, Page 11

POWER SUPPLIES

BAY OF ISLANDS PLANS

COST ALARMS' FARMERS

“There is no denying that throughout the county there is u feeling of consternation that the Power Hoard is moving too fast- and ratepayers are afraid of the outcome," staled Mr. ('. .Jones when presiding at a meeting arranged by the Waiinate North, Olmenwui and Pakaraka branches of the Farmers’ Union and hold at Ohaeawai to further discuss the Bay of Islands Bower Board’s decision to raise a loan of .11250,000 to cover the cost of supplying power to the bay county. “The desirability of electricity is not under discussion, as all are in agreement in this respect.’’ continued Mr. fours, “hut the cost of obtaining this power is the principal point. The security for this loan is a rate of 3-16th of a penny in the pound on unimproved land.’’ '

A resolution was carried viewing with larm the hoards at turn in incrtgauiue

•woperties to the ex Cent of C252.C00 Tim meeting further agreed that the -ocurity for such a loan should he a vale on capital \alne. A recommendation was made that the hoard meet the North Auckland hoard to discuss the question of amalgamation of the two areas. A further motion was passed asking that, the hoard make n thorough survey of the whole area, to ascertain what demand there was for the power before proceeding with the loan pfooosals,