Optimum Use of Reserves

Radio Record, Volume III, Issue 43, 9 May 1930, Page 22

Optimum Use of Reserves

E Auckland Electric Power Board, in ". addition to having financed its magnificent new building in Queen Street out of reserve ° funds, finds itself with a matter of £30,000: in hand, which it proposes to devote to the reduction of rates to consumers. As a contemporary remarks, spread over a large area the sum may not amount to much in the case of each individual consumer, but it is a decided step in the right direction, that is, the popularisation and inexpensive supply of electricity. Both the achievement and the decision to apply the surplus in this manner reflects great credit on the Auckland Power Board and its management.