PERMISSION FOR A POLL

Taranaki Daily News, 27 July 1929, Page 8

PERMISSION FOR A POLL

£187,500 FOR 26 YEARS AT £s£. RATEPAYERS TO DECIDE ISSUE. Permission to go to the ratepayers for authority to rrise a loan of £200,000 was given the South Taranaki Power Board by the Local Government Loans Board which met at Wellington on Tuesday. The amount of the actual loan will be £187,500 —or the £200,000 less £12,500 included to defray expenses of interest and sinking fund on the whole of the loan for the first year. The term is 26 years with a sinking fund of 2 per cent.

No need to pay the first year’s interest and sinking fund out of the loan was thought to exist by the Loans Board for the rea-on that the Power Board would presumably be stepping into a revenue-earning concern. Those items could be supplied from revenue. The loan will be extinguished in 26 years if the 2 per cent, sinking fund is maintained. Interest was allowed by the Loans Board at 5J per cent., but Mr. J. B. Murdoch has stated that the Power Board is hopeful of raising a loan at 5| per cent, if the ratepayers carry the poll.

Mr, Murdoch has summarised the position, as he sees it, as follows:—

“The whole £187,500 will not be raised at once; sufficient will be raised at once to buy out the company and for immediate requirements; further sums will be raised as required from the authorised amount t extend reticulation where such work will be profitable. “Assuming that the poll is carried, there will be no difficulty in the matter of raising the money. There have already been inquiries by various investors, and I believe we shall be able to sell the debentures ourselves over the counter.”

MOTORISTS’ OFFENCES.

SPEEDING AROUND CORNER. Leonard Hickey was charged at the Manaia court yesterday with driving a motor-car while not being the holder of a driver’s license. He was fined ,10s with costs 10s. Leslie G. Mclnnes, Hawera, was charged that he drove a light motorlorry around the corner of Manaia and Main South Road at a speed dangerous to the public. Defendant, who did not appear, forwarded a letter admitting exceeding the speed limit of the by-laws, but he contended that the pace was not dangerous, being well under 20 miles an hour.

Constable Scannell stated that the pace was far too fast.

Defendant was fined £2, with costs 10s,

TARANAKI HERD-TESTING.

NEW BRANCH FORMED AT ELTHAA

Following a short discussion at Eltham on Thursday it was decided to form a branch of the Herd-testing Association.

The convenor of the meeting, Mr. L. Nairn, presided over an attendance of 20 farmers and introduced Messrs J. Bell and H. Baily, president and secretary respectively of the association.

After the objects of the association had been explained the following committee was appointed:—Messrs L. Nairn (chairman and secretary), H. Belcher, J. Bootten, W. C. Clement and 11. Jordan.

Strong support of the branch was promised at the meeting, and it was anticipated that, as the branch had been formed, many iuterested farmers would co-operate. The chairman was deputed to attend monthly meetings of the association’s executive in support of matters pertaining to the newly-formed branch.

“BARE KNEES.” OPERA HOUSE TO-NIGHT. First it was the lipstick—then camo bobbed hair—next, the short skirt and now naturally we display “Bare Knees,” which happens to be the title of the latest; Gotham Production, which is to headline the programme at the Hawera Opera House to-night. Just as its title implies, “Bare Knees” is a story of the girl of to-day but—and here is the difference —the author, Adele Buffington, is in sympathy with her subject and instead of ranting and raving about how the girls of to-day are headed for destruction, etc., she has presented a photoplay which proves that girls are to-day just what they have always been—girls. Virginia Lee Corbin is the flapper and her impersonation is said to be the snappiest screen conceit this season. She is backed up by such sterling photoplayers as Donald Keith, Johnnie Walker, Jane Winton, Forrest Stanley and Maude Fulton. The box plan is at Miss Blake’s sweet shop.

“JAZZ MAD.” ELTHAM THEATRE. Joan Hersholt, recognised as one of the greatest character geniuses of motion pictures, will appear at the Eltham Theatre to-night, in one of the most outstanding productions of the year, “Jazz Mad.” The story shows how love beats when the scion of a wealthy family throws all aside for the daughter of a penniless musician. ' A story of heartaches and of triumph, love, pathos, laughter and tears, all perfectly blended in a wonderful harmony of romance, beautiful because of its sincerity. A good supporting programme is also morid cd.

GENERAL ITEMS. . At the inaugural meeting of the Baptist Church Young Women’s Social Club there was an attendance of 18. It was decided that the club meet fortnightly, the first portion of each evening to be devoted to games ana amusements, and the second part to a lecture or address. The following officers were elected:—President, Rev. R. L. Fursdon; vice-presidents, Messrs Alan Walker and F. W. Horner; secretary, Mr. J. Moloney; treasurer, Mr. E. Velvin; general committee, Messrs Gabbie, Moore, D. Riley and P. Trim, together with the club officers ex officio. The following will represent Haweia Rovers hockey, team to play Auroa at Hawera to-day at 2 p.m.:—Misses M. Quin, K. Quin, W. Quin, M. Evans, A. Harding, A. Chadwick, J. McGlashan, I. Reid, B. Stevens, I. Prime and DClapham.

When several members of the South Taranaki Club visited the Hawera Soldiers’ Club on Thursday evening, the hosts were defeated in each department of a games tourney arranged. The visitors were welcomed by Mr. Hector Briggs, chairman of the soldiers’ social committee, and the president of the association, Mr. S. R. Veitch, also spoke. The aggregate scores in the games showed a margin of 134 in favour of the visitors at snooker, and 53 in their favour at billiards, while at bridge the visitors won two games as compared with one by the home players, and a cribbage game also resulted in the visitors’ favour. In the following details the South Taranaki Club players are mentioned first in each instance. Snooker: Trotter 70 v. Ingram 121, Lee 119 v. Briggs 81, Pacey 105 v. Jones 109, Luscombe 114 v. Reeves 63. Billiards: Pivac 201 v. Renwick 104, Vivian 201 v. Rudge 164, Gleeson 120 v. Wren 201. Bridge: Mackie and Jackson defeated Squire and Wren; Madgwick and Bridges defeated Marter and Spratt; Lash and Goodson were beaten by Rudge and Maslin. Cribbage: Burrell and Fryer (5) defeated Corey and Wil-

liamson (4). “The newly-prepared lawns at the Hawera school have been damaged by wandering stock,” reported the headmaster, Mr. J. Thomas, to the committee on Thursday night. In order to obviate a recurrence the committee decided to instruct the caretaker to erect two sliprails, to be taken down each morning by him. Attention to the need for the erection of warning signs near the Hawera school was drawn by the headmaster, Mr. J. Thomas, in his report to the school committee on Thursday night. Mr. Thomas alleged that motorists often went past the school at high speed, with consequent danger to the children. It was decided that Mr. Jones should interview the borough council on the matter. The Soccer team to represent Celtic (Hawera) against Albion at New Plymouth to-day will be picked from the following: Hartles, Newman, Beare, Cheyne, Cockerill, Thorpe, Frampton, Maloney (2), Reece, Smith, Cowie, Cam--eron, Fenton. PERSONAL. A prominent figure in local and provincial matters, Mr. Jacob Marx, is to be entertained at a farewell social prior to his departure for Waikato, where he intends taking up his residence. Mr. Marx has for several years been prominently associated with dairying inter- f ests.