BOWER SUPPLY.

Waikato Times, Volume 118, Issue 19648, 7 August 1935, Page 9

BOWER SUPPLY.

THAMES VALLEY BOARD MEETS. RAISING OF LOANS. Mr J. Price presided at the Augusj meeting of the Thames valley Power' Board' yesterday, Messrs F. E. Flatt, C. A. Arthur, J. W. Anderson, W? C.. Kennedy, H. Mayor, J. Pohlen, J. M, Allen, Colin Mason and H. M. Corbett also being present. A letter was received Trom the Treasury, relative to the proposed loan or £20,000 and stating that section 20 or the Finance Act, 1032 (No. 2) Is wide enough to authorise the raising of a loan on the instalment system without the necessity of involving Section 32 of the Local Bodies Loans Act, 1026. The Auckland Savings Bank wrote stating It was prepared to accept the Board’s application lor the loan of £20,000 on the Instalment system at 3i per cent, for a term or 20 yea#s. A resolution was passed authorising the raising of the loan. Stock Electrocuted. The Eagle, Star or British Dominions, Insurance Company notified In respect to the claim or Mr L. J. McNair, of Tlrau, for cows electrocuted that as he had not carried out his obligations to cut back trees, the claim could not he recognised. A claim was received from the Auckland Furniture Removal Specialists for furniture damaged by a truck coming In contact with one or the hoard’s stay wires at Turua. It was decided that the damage he assessed and that the solicitor be advised that the matter ;s receiving attention. The Engineer’* Report. The engineer, Mr N. O. McLeod, reported that the route Tor the line on the Franklln-Walhl road has been surveyed, and some of the material distributed. The work will be proceeded with as opportunity offers. The Kerepeehl Pump Syndicate’s 3h.p. pump motor was burnt out during a storm on July 21. Installation work throughout the general area is well In hand, but a very busy period has been experienced and a large number of service lines renewed. The report of the Finance Committee; as follows, was adopted: That accounts totalling £21,J61 13s lid be passed Tor payment. That tho executive he empoweicd to Interview the Loans Board In Wellington In order to obtain Information with regard to the raising or loan moneys Tor further reticulation, and also In connection with the conversion of the London loan of £350,000. That the Board contlrm the committee’s action in authorising tno engineer, Mr McLeod, to visit the .Southland Powur Board in connection with tho sale of ihelr plant to tho Government. Financial Statemont. The manager, Mr R. Sprague, In his report and llnanclal statement for the quarter ended Juno 30, stated the revenue was £31,133 7s lod and expenditure C1M,708 Is lid, leaving a debit balance or £271 14's Id. Notwithstanding the reductions that have been In force for two months of the quarter, the incrense In electricity sales amounted to £930 10s Sd. On the expenditure side, the main increase Is In replacements accounts. Foyer purchases show an increase of £330 11s Id, but the units sold warrant this. Tho total number of consumers now connected to tho board's mains Is 0116, Thames and Te Aroha boroughs being,lncluded. the numbers being 1115 and 720 respectively. There are now connected and operating 020 electric ranges, 2654 water heaters and 4067 motors on farms, .of which 2476 are milking motors. Tho demand for new installations Is being steadily maintained and the continued application for supply has necessitated preference being given to the Installation or farm motors and water-heaters on account of the proximity of tho dairying season. Arising out or tho mention In the managers’ report to the effect that llnanclal Increases were shown except In the cases of bulk supply, a discussion took place on the subject of supplies to Thames and Te Aroha oonm-hs, wh!c» were placed In a different position to Pueroa, Moprlnsvlllo and Matamata. it was stated tho boroughs which were receiving bulk supply were making prollts out of tho electricity sales. Mr Corbett was of tho opinion that when the matter of hulk supply rates was being reviewed, the question ol terminating the agreements between Thames and To Aroha in one or two years, should he considered.