KAWARAU RIVER LOWEP

Sun (Auckland), Volume 1, Issue 43, 13 May 1927, Page 2

KAWARAU RIVER LOWEP

DAM TO BE CLOSED PROSPECT OF OPERAS Press Association DUNEDIN, Thu™ ■ The weather conditions hav. ' a substantial drop in the £ c ** River, which now stands mark or practically about a fL, i the level when the Kawaraudi closed last year," says the c ® correspondent of the "Star •’ "It has fallen two feet win, last week. Arrangements fw 5 j closing of the dam are now ’< ; pated. and if the river this should not be long delanw ~ : general opinion is that the Aw * the gates in the depth of create a much lower level rh ' year. This will be decidediVu * able to those lew claimhoUW, ' own areas free from obstruction.’' with the majority, harnessim '■ side streams is of important *• little success can be honed ** this is done. or • At the moment there is no Dm of this being undertaken. In the m time local companies are prenaS? await the results of this winter',;! ations.” At the monthly sitting of the tc den’s Court yesterday, application t the Kawarau Company for dam « at Lake Hawea and Lake IVanaka»! withdrawn, after being before them for over two years. These sites originally intended as the bases of big scheme to unearth the wealth . the Molyneux—the points featured c the company in its early history-2! operations were to come into after the Shotover was harnessed? addition to these two tpplicH-. ‘ others in respect of large areas cn " Clutha and Molyneux above and be their junction have also recently bewithdrawn, and it can only now be r , ntised that this proposed tindertaldner Hawea and Wanaka has deanheb passed front view. Any developments In connection rharnessing the Shotover will t* xiously awaited.

AUCKLAND FISH

DEMAND FROM AUSTRALIA Auckland merchants at the prese* time are experiencing little difflc’j!:in quitting all stocks of fish harvests Apart from a good local demasd strong inquiry is coming from Australia. and merchants report inabilir to cope with orders.

Melbourne is the principal burr and values there are reported weli h advance of the Auckland markft rata Regular Auckland shipments hir* been going forward to that centre daring the season, and the Marama, l«a\ing to-day, takes a further conag ment.

NEW SOUTH WALES LOAN

SINKING FUND PROVISION By Cable. —Press Association. —Copyriffl: Reed. 11 a.m. SYDNEY, Today The New South AVales redempta loan is 51 per cent, not 51. Mr. Lang states that a sinking tai of one-half per cent, will be provided it connection with recent loan money b meet the sinking fund to be provided from the State revenue annually. One member of the Cabinet state: that it might be found necessary tt increase taxation to cover this amoom —A. and N.Z.