Passing on the Profits

Radio Record, Volume III, Issue 46, 30 May 1930, Page 32

Passing on the Profits

Consumers -. Bbenent LIGHTING costs coming down! That is the good news that Power Boards from near and far have been announcing lately. Electricity is rapidly becoming popular and this is the welcome outcome. Levin and the adjoining districts are next on the list for reductions-for at its last meeting the Horowhenua Power Board recommended substantial reductions to consumers. The last year’s working of the board shows a net profit, after allowing for the depreciation demanded by statute, of £3203, surely a creditable sum. On the recommendation of a special committee, £7768, representing unappropriated profits brought forward from previous years, is to be added. making a total of £10,972. ° The concessions which the board is making will represent a reduction of £3500 to consume, who will benefit by a directly reduced vete 49 levve consumers, and a 25 per cent. (Concluded sat foot of 8rd column.)