ELECTRIC SUPPLY MONEYS
NO APPROPRIATION FOR CONSOLIDATED FUND
STATEMENT BY MR SEMPLE
(FBBSa ASSOCIATION TELBOEAM.) WELLINGTON, September 15. “No money will ever go out of our fund to help the Consolidated Fund until all the people of New Zealand from North Cape to Bluff receive the benefits of electricity,” said the Minister for Public Works (the Hon. R. Semple), referring to-day to a statement made at the. annual conference of the Electric Supply Authority Engineers’ Association of New Zealand. The conference was held in Wellington during the week, and a speaker said that he had noticed in the recent Budget that the Consolidated Fund had benefited by a large sum appropriated from the electrical department. "I have noticed in newspaper reports of your meetings that you have been warned by one of your leading officials that a large sum of money appropriated from the electrical department had been used for the benefit of the Consolidated Fund,” said the Minister. “I am afraid the speaker must have misunderstood the position. I believe that he may have referred to the statement that the sum of £437,000 from the electric supply account would be available, after paying for interest, sinking fund, and operating, expenses, for expenditure on construction works. “These works, however, are solely for electric supply purposes. There is no question of using the money in reserves created under the provision of the State, Supply of Electrical Energy Act for purposes outside those prescribed by the act."
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Press, Volume LXXIV, Issue 22508, 16 September 1938, Page 12
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245ELECTRIC SUPPLY MONEYS Press, Volume LXXIV, Issue 22508, 16 September 1938, Page 12
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