WILL KEEP MILLIONS IN THE COUNTRY.

Otaki Mail, 14 August 1922, Page 4

WILL KEEP MILLIONS IN THE COUNTRY.

J o.NL EEEECT OF HIUiiO-tLKCTiiIC I'UWEII. j In ihe course ul his remarks at j Otsiki on Thursday, 3ir G. A. Monk, Chairman ui the l-lorowhonua Power I Hoard .elaborated one point worthy ol ' noiice. n was thai the new. motive . power was. going to keep in this counI try a great dual ol money that now wmi abroad .and further was going to keep slid more iiit-n• y within the iir.- ] tish Knipiio. lie rete, reii to the )iii - Huns that had gone otH of the Dominion lor petrol and kerosene to America I tuid other countries. During the »asi ! ;ew years ihey had seen petrol thai co.-i I-J ti going up to L'~, and kerosene up !o ;,<>.■ Now Ihey lound these products being steadily reduced in price. and he ventured tu say ihey would sec ' them a great deal lower yet in ordei to compete ngaiusi the new motive Ijower thai ihe t'owei Hoards would iniroduce. 'lhey saw where huge oil reservoirs wee being buiK at Mirainar, so that the cost ol handling the nil : would oe cheapened, and lie considered one ol tile cltiei factors behind ii was the necessity oi being able'to compete Willi hydro-electric power. ,- j um n/ ' u man," continued tire chairman, -who goes about the country preaching pa j triotism, but t do say tiliat we shook: ' be patriotic to jursetves and our own S country. It is lor you people to -a> I tlis.it you are not going to be soiled any longer by American method.--.' ,Anp!ause.) Tin adoption of hydroelectric power would keel, thousands jui pounds in ihe country that now »woui aoroad for petrol and kerosene.