LIGHTING

Dominion, Volume 7, Issue 2118, 8 April 1914, Page 7

LIGHTING

-*-—.—» ■■■- ... COMING LOAN POLL. fflfcr paai&DentmU t r, ~.' Paimerstoh, April 7. .Palling day for the gasworks purchase toa.il of £100,000 is fixed for Wed--1 nesdlay, April 32. The propositi is to 1 allocate £05,000-for the purchase'of the existing eamjiauy's wurlcs uuder option, ' i.30,000 for extending and ■enlarging the 1 works, and £5000 for securing shop and offitio ■premises. >, " Notwithstanding a considerable . amount of popular endorsement of the . Ittoposa], the FrogtesSive League is taking active measures to prevent any aecadelit befalling it en polling day. At a meeting organised by tiro league, m& held on Monday night, several public jpeii took the platform. Mr. G. H. Bennett presided. Mr. J. A, ftash (Mayor of Palmer" stem) said last year's ralitatidn of the gasworks property was £57,189, and the , increaso allowed '■ for in the loan was ' based on tho average iynttual extension of the last four years, the provision for ■ enlargement! »aroeiy s £30,000, was p-rii- . d«i>t iinance, because the expected rei duet-ion in the price of gas meant htereased eoßSatn.ptien, ana therefore en- ! larged capacity" for output. The loan money need iiet ha takcii up for two 1 years unless it was wanted. * fire Gas Company could, lasiycaTj have pa-id £5 per cent, oil sis paid-up capital, ajid that would i«ve been increased to 3Q per .cent, under municipal ownership, becatiso tho council was esem-pfed frtei inconiu tas and fees. After putting by 1} per centum for sinftws fund to extinguish the lfl.an in thtrtytWo years, there would he a profit if , '£3500 for tedvicing the prico of gas., of creating n, reserve fund. In emiißiciidmg'thft fair spirit shown by the Gm Company, the Mayor mentioned that, ! during tie' Powelka scare, he lind arrawged for the ■company to leave the ! street lamps burning all niijht in niriuv cases, but they lkirl 'chdrged tho council nothing extra. Tho •company's animal turiievet was £23,000. ComiciWor F. 3. Nathnn said ttat there was tto- intention of installing itm- ! nicipal olootric ligjttijiß to compete 'ngainst the Gas Company, as an alter* tiative to tlio purchase, but, if therewere, the company would no doubt fifijifc such an undertrtljinfl; vigerously, CntincHlnr Crolib said tlttt every Has «'orks iu New Zealand was prospering. The Rduncil must <>swciso its option how fir else wait another twent,v*ono years, and then purchaso at an increased Driee. Councillor Seifert- also favoured tho purchase, and said thnt it wa3 Toprettnble thnt the council liad ncglcefetl n, formal' clwncft in nurcliasi , the vi'orlts tot iSSOOO. ' IV thiap wou'd be repeated years hence if tho council 'neglected tho rroscßt ohauco. Oonncillor Nntnan, replyfii.ee to- a lUPstimi. saifi that the f)itrc]iaß!? i em» hf.ncod tKe , cftiriw-tiy's tvbhlo rights, wliic!' rtwlmtod tho right to install eteetTi" li-shtiiift. Thn rncctinfr wianimmisly pledged itself to support the scheme.

The of TJtißhnuw have *rf tn colloe!: "a inilo "f ponnrss" for a Svindny srliool fund. The rAlii,-}-JB<? e-nnls are a fnot tenf*. ami nfe divided into tin. fitted with tiny env'iDW to reeei™ nenny dofitribntfon*. Sfspv rards of ftpnnms tov<? n)»'e(ii}y Jw<m col- . : leetcti. att-liontrh iljo sftheiuo has only : just been launched. ; '