THE WAR LOAN
POWER BOARD'S PURCHASE
(By Telegraph—Press Association.)
AUCKLAND, October 14.
"It is time the board took an interest and assisted," said the chairman, Mr. S. J. Harbutt, in moving at a meeting of the Auckland Electric Power Board that the board ■ should take up £ 10,000 worth of War Loan. He proposed that the board should use £3000 from its interest account and the remaining amount from the depreciation fund.
Mr. Irwin Crookes asked " whether the purchase would upset any arrangements regarding the sinking fund. Mr. Harbutt: No.
The motion was carried unanimously,
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Bibliographic details
Evening Post, Volume CXXX, Issue 92, 15 October 1940, Page 7
Word Count
94THE WAR LOAN Evening Post, Volume CXXX, Issue 92, 15 October 1940, Page 7
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