HYDRO-ELECTRICITY.

Wairarapa Age, 27 March 1920, Page 4

HYDRO-ELECTRICITY.

In his report to tho committee on the possible sources of hydro-electric power for the Wairarapa, Mr. H. D. Cook drew attention to the small stream near Tupurupuru, which, from its location and the great amount of fall in a short distance, was worthy of observation, in order to secure a correct estimate of its power value. Mr. Cook suggested, from rough measurements taken, that probably 300 horse-power could be* developed here, and that it might be used as a standby for the larger Waiohine scheme. Would it not, be desirable to exploit the Tupurupuru power first, arid u«te it while the Waiohine works are being; constructed? Messre Toogood and Tcmplin, in' their reports, estimated that the power suggested as available at Tupurupuru was more than sufficient for the immediate requirements of Masterton, though less than would be required for the meat works.

THE CURRENCY QtJESTION.

It is claimed by those ) who are prominent in the world of political economy that a reduction in the issue of currency notes, synchronising with increased production of essential commodities, is necessary in order to bring down the cost of living. In other words, money must become dear before living becomes cheap. The idea of increasing the paper currency in order to meet increased expenditure is suicidal and monstrous. It reminds on 3 of the individual who, aiter giving a promissory note to a creditor, exclaimed, "Thank God, that's paid!" A currency note is nothing more nor less than a promise to pay. If we cannot pay in gold, we must pay in kind. Not until the currency is sensibly reduced will we see any diminution in the cost of living. The sooner this fact is realised by Governments and individuals, the sooner shall we move in the direction of getting back to normal. \