HUTT VALLEY POWER
LOAN POLL TO-DAY. To-day ratepayers in the Hutt Valley Power Board district are asked to vote upon the proposal for a further loan of <£150,000 to extend the reticulation System. The board has already borrowed ,£264,000. but so great lias been the'demand for electric light and power that the whole of this money has been absorbed, and if progress is to continue further capital must be obtained. An indication of the progress made is >btainable from the numbers of consumers. On March 31, 1925. there were 1356; on March 31, 1926, 3892; nnd on November 30, 5200. In November about 200 applications for light and power were received. Units of power sold in the April-September period of this year were
per cent, more than for the corresponding period of last year. Apart from the demand from present residents for light and power, the board wishes to have capita! to reticulate newly-set-tled areas. The board is required to pledge a rate as security for the loan, but it is not anticipated that there will be any need to collect this rate. No rate has been collected hitherto.
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https://paperspast.natlib.govt.nz/newspapers/DOM19261201.2.147
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Dominion, Volume 20, Issue 57, 1 December 1926, Page 16
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189HUTT VALLEY POWER Dominion, Volume 20, Issue 57, 1 December 1926, Page 16
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