The Archive · 1935

Confidence Undermined

Unfortunately, no sooner had arrangements been completed for Power up until 1937, than' the slump

prosperity made the situation Industrial expansion snd private Serious one. The Hydro Electric Commission found itself with power for which it had to pay, and which could not dispose of. "At first the discrepancy was not a serious one, but gradually the hard-earned reserves of the Commission had to be drawn on to pay the bills, and stil the incoming power increased whut

Text read from the printed page and cleaned; old type leaves the occasional error.

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