HYDRO-ELECTRICITY.

Shannon News, 18 May 1928, Page 2

HYDRO-ELECTRICITY.

HORQWHENUA POWER BOARD

The monthly meeting of the Horowhenua Electric Power Board was held in the Municipal Chambers on Tuesday, there being present: Messrs G. A. Monk (chairman), W. E; Barber, T. G. Vincent, R. Bryant, C. Blenkhorn, and A. J. Petherick, Mr P. W. Goldsmith (secretary and treasurer) and Mr J. A. Smith (engineer). Leave of absence was granted to Mr A. Seifert, who was indisposed, Mr E. Morse, who was engaged in business connected with the Otaki Borough Commission, and Mr W. H. Gunning, who has been unable to attend several meetings owing to illness.

Advice was received from the Public Trust Office that the district manager at Levin had been instructed to pay to the Board the final instalment of £IOOO of the reticulation loan of £lO,000. TREASURER'S REPORT.

The following report was presented by the Treasurer: — Accounts. —Since the last meeting of the Board, accounts amounting to £782 17s have been paid.. Wages account for £4lO, salaries £274, railway freight on poles and sundries £BS, the balance being made up of sundry payments. These accounts are now submitted for confirmation. Accounts to be passed amount to £2090 0s 2d. The largest item on the sheet is to provide for the redemption of Debenture No. 5 of our second loan of £40,000 from the Government Lifei Insurance Department. The amount of this debenture is £1356 16s sd, and it matures on the 31st inst. The only account on the same sheet running into three figures is that of Messrs Richardson, McCabe and Co., Ltd. In this consignment there are a few 40ft and some 35ft poles, lengths which are expensive to purchase, and which make the consignment of 161 poles, plus railage and wharfage, average £2 18s 8d at Levin Railway Station (Cost £2 5s Id, railage 10s 2d and wharfage, etc., 3/5). One transformer and oil, meters, watcrheaters, switches, lamps, shackles, and benzine account for the other principal items on the pay-roll for the day. RECEIPTS FOR APRIL.

The amount is not so large as for April last year. As was to be expected, there is a very considerable falling off in the amount received for installations and service lines.

x s. a. 4766 14 10 27 6 7 Installations, fittings and 424 15 4 Interest on installations 24 18 0 Consumers' deposits 9 0 0 Eents and sundry charges 14 8 1 £5267 1 11