Rationing Builds Up Power Board Losses
AUGKLANU, Nbv. 21. .. THje Auckland Elfebtric Pdwfer Boatd 's Uefieit for the year ended March 3.1 1950, is expected to be nearer £30,000 than the pfbvibiis ektimkte bf £14,793. Tkis was stated by the gehera! mankger, Mr. R. H. Bartley, in iiis lialf-yearly report to the hoard. He said the results df the six itibiith^' operktibiis under review, was a fclefietl of £34,205 compared with a deficit of £9578. "From present indications it \vould appedr that we can hardly expfeet td impr'dve OUt pdgition very materially in the next ,Six mohths, '' shid Mr. Bartley. ' ' Speakirig geiibrally, ohr hnanieal pbsitibn is going tb be dlfficult iintil we have a free hand to oarry on our business in an unrestricted ihanher. " . Mh Bartley said tiie cost of power ratidning from january i to October 31, was £17,63S. The position had become stabilised and it wOuld cost from £750 to £800 a month until rationing could be cbmpletely abandoned.
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Chronicle (Levin), 22 November 1949, Page 4
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162Rationing Builds Up Power Board Losses Chronicle (Levin), 22 November 1949, Page 4
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