POWER IN SOUTHLAND.
GOVERNMENT ASSISTANCE, By Telegraph—Press Association. Invercargill, Last Night. The Southland Power Board’s negotiations with the Government have resulted in Cabinet agreeing to grant £25,000 per month for June, July and August, beyond which no moneys can be found, the board in the meantime to press its negotiations for the completion of a loan to carry out the Monowai hydro-electric scheme. The Government also approved of a modification of the original plans, by which a section of 4.he scheme will be carried out first at an approximate cost of £700,000. At a meeting to-day the board decided upon this course, provided a loan can be raised in London, and that the Minister will undertake to amend the Act enabling the board to remit rates on property outside the reticulated area.
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Taranaki Daily News, 14 June 1921, Page 5
Word Count
132POWER IN SOUTHLAND. Taranaki Daily News, 14 June 1921, Page 5
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