POWER FOR TE AKAU

Waikato Times, Volume 127, Issue 21192, 15 August 1940, Page 4

POWER FOR TE AKAU

FINANCE AVAILABLE QUESTION OF AUTHORITY | WAR EMERGENCY PROVISIONS i Residents at Te Akau and Waimai, i having voted at a special poll by 65 ; votes to 3 in favour of the raising ! of a loan for the electrical power ? reticulation of the Raglan special j area (No. 2), Treasury has given the ; Central Waikato Electric Power i Board authority to raise a loan of i £13,000 for 26 years at 4 per cent j on the instalment repayment basis | to accomplish the work. Power for i the area is not yet assured, however, for under the war emergency it now becomes necessary for the I board to secure authority from the | Controller of Electricity to reticulate j the area. It was stated at the meetI ing of the board today that it would i not be easy to secure authority. ! The board decided to arrange a i meeting with the residents of Te ! Akau and Waimai in order to exj plain the position to them. The resi- ' dents will be asked to express an ! opinion whether they desire the work i to proceed. Before authority for the i work is secured it will be necessary j for as many people as possible to j become consumers of electricity and ! to use it to the fullest extent. General Reticulation Loan ! Authority to raise a further loan j of £25,000 has been received by the j Board from the Local Government i Loans Board. Application was made, however, for authority io raise a loan of £50,000, for general reticula-

lation in the board’s area, excluding , the Raglan special area. \ In granting authority for £25,000, | the Local Government Loans Board I stated that the great need for inI creasing power services was appre- ! ciated but it was also necessary to j keep expenditure down. For that I reason it was considered that £25.000 ‘ would be sufficient for the board’s requirements in the meantime.