A WATER-POWER LEASE.
A GRANT TO THE WAIHI COMPANY.
FPer Press Association.] WELLINGTON. Dec. 3. The Cabinet nas granted the Waihi Goldmining Company a license to utilise 10,000 horse-power from. Hora Hora Falls, on the Waikato River, 12 miles above Cambridge. The lease is for a period of 42 years, and rental, is 3s per horse-power per annum,, tbe .rate which was so strongly, objected to by tbe West Coast syndicate. The Government reserve the. right to taKe over the plant at any time during.the currency of the lease to pre-, vent any monopoly, the terms, of acqui - sition being the actual -valijp of the installation at the date of purchase, without any allowance for interest. Operations 1 Avill' be commended ; immediately, a? the company: ho.pesK to have tho whole: plant, running withm 18,.months,. The installation will cost £IoO,UOU.
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https://paperspast.natlib.govt.nz/newspapers/GIST19091204.2.27.11
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Gisborne Times, Volume XXVII, Issue 2676, 4 December 1909, Page 5
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139A WATER-POWER LEASE. Gisborne Times, Volume XXVII, Issue 2676, 4 December 1909, Page 5
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