ELECTRIC LIGHT UNDERTAHING.

Taranaki Herald, Volume LIV, Issue 13433, 26 March 1907, Page 7

ELECTRIC LIGHT UNDERTAHING.

" i&^Ke meeting" of Borough Council 6^'|londa.y $ven4n]g, Councillor Collis mentioned that he had carefully gone k in|o,^e (i fisurej|^re the elec.tr ic lighting; wtfti this result' that," according to his reckoning, the finances were in a much better position that was thought. The total amounts .authorised and contracts entered into amount to £21,647, but with some saving they were goiiigto effect in the power house, and some lamp> authorised, but not ordered, amounting in all to £175, this sum would be ; reduced t0<£21,472. This left 4 balance $rior to lasfcvmeeting or £528. Then J at the last meeting of the Council they were asked to authorise an expenditure of £720, "but out of this £495 .was already, provided for the Breakwater and Vogeltown extensions. This left a still further sum of £225 to be deducted from the £528, leaving in hand fas /amojin^ from Joans of £303. Then they were told by tlie Engineer prior to the last' meeting that i3n*e>"^as^llQo w/ori%bf,; stock, and he"tCo%ndilTOr " ddlis) Had" ascertained 4hat £200. of this would be available for extensions If these figures -were^ w*rexjfcy<*ai»d» : >4ie exariirned them,s ihe^i the position was not so desperate as they had been led to I suppose, for iilsfejfet^ofi^eing sj^en^ppjr to the hilt tte^KSe^feoo^ amounting to £500. They were^with- L "out^tne" proposed -Work Wiraiout haviig f bf> go back to the ratepayers, as had been rumoured, for sanction for a fur- ■ ther loan of £1000. r , <joiincillor said the position was better than had been outlined by Councillor Collis. The Council h.ad been misled by a duplication of the figiiresof the undertaking. The first bal-ance-sheet had been .drawn .up^bjr the Town dlerk, who was in charge of the financial portion of it," and theft' they had a statement by the engineer who" ,had charge of the working^ portiot^. If the' Council would wait until the bal-ance-shee^ to the'3lst March was sub--mitted;%ftd'wMfcn'^'diiiot be a continuation .of ; I^ie bslasce?shefet presented by th"c $ow» Cleck, ~he was sure this would explain, itself. , . .