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T THE OSHAWA DAILY TIMES, SATURDAY, JUNE 8, 1929 PAGE THIRTEEN HYDRO, GAS AND INDUSTRIAL AREA PLANS DISCUSSED (Continued From Page 1) Gicigh, stated that the local plant in Guelph, with a population of 19,000 and load of 7,600 h.p. was given a book a of $386,000; Peterboro, population 21,800 and Joad 6,097 h.p., ,000 ; Niagara Falls, population a and load 8,900 hp. $681,000; and St. Catharines, population 24,- 000 and load 8,034, $458,000. This showed, he said, that the book value on Oshawa's plant was not high as compared with other cities with somewhat similar population and load figures. There was no doubt that, if Osh- awa purchased its" own electric and gas plants, reductions in rates would be effected, said Mr. Jeffery. The estimated surplus, after deducting Nn ll Sferating and fixed charges, was increase of approxi- $20,000 over the surplus in 1928 and about $40,000 over the sur- plus in 1927, The surplus on the gas plant estimated for this year was $11,500. This plant had shown a sub- stantial surplus every year since the Commission had taken it over, he said. Gas Plant Price The Commission's book value fig- ure on the gas plant was $306,691, against which a depreciation surplus of $72,779 had been set up. Giving the city credit for this surplus figure, and deducting it from the book value, the balance of $233912 remained. A round figure of $210,000 had been set as the"purchase price of this plant, making a total for both electric and gas plants of $520,000. Mr Jeffery stated that, before quoting the city a price on the gas plant, the Commission had called in two independent gas engineers who had both valued the plant as it stood today at a higher figure than the value set on it by the Commission. He also referred to the report that had been submitted by Forstall, Robinson & Luqueer, engineers of New York City, at the request of the Oshawa city council, giving the value of the plant new as $305,480, less depreciation $34,540, leaving a balance of $270,970. This did not in- clude office 'and shop equipment and tools, valued at $8,569 by the com- mission, nor the land values. Rate Reduction If the city should purchase its local plants, it would have entire say as to the fixing of rates as far as the gas plant was concerned, he said. The Hydro Electric Power Commis- sion were required by an act of the legislature, however, to supervise changes in electric rates. However, in cities like Oshawa, where there was a substantial surplus and where Canadian Ship Makes World Record A coal cargo of 16,677 tons, the greatest ever carried on the Lakes, was loaded by 8.8. "Lemoyne"' of Canada Steamship Lines at Erie, Pa., last week and taken to Fort William for the Railways. More than three hundred coal cars were required to bring this huge cargo to Erie for the Lemoyne. This cargo beats the previous record held by 8.8. Harry Colby of Ashtabula by 620 tons. ready 8 wy Ty Canadian National | By entering the field of record coal cargoes, this nt freighter Lemoyne acquired double honors. e carries world records for rye, wheat and s which were established A Her records are: Rye 538,817 bushels in 1927; wheat 556,000 Dustéls § in 1928: Mixed grains 561,000 bushels in 1926. 8.8 at Midland , Ontario, in 1926. and has a gross tonnage of 10,480 tons. n 1926, 1927 . "Lemoyn e" was built She is 263 feet long the rates were not considered at rock-bottom levels, a reduction in rates was generally advised. This would probably include all three classes of power users, domestic, commercial and power, Mr. Jeffery stated. Would Retain Profits "We admit that Oshawa is not be- ing supplied with electric power at cost now," Mr. Jeffery stated. "The city's electrical system has been cre- ating large surpluses which have not returned to it but which have been used to create a reserve fund from the whole system, and which have only benefitted it indirectly, by cheaper costs of generating power. When the city purchases its own plant, that surplus will stay in Osh- awa, to be used for reduction of rates and in paying for the local system." Power Supply In connection with the question to appear on the ballot paper regard- ing the purchase of power from the hydro commission, Mr, Jeffery ex- plained that this empowered the council to enter into an agreement with the commission to supply the MORE-- city with a block of power at cost. It was the same agreement as had been entered into by about 400 other municipalities in the province, and provided for the signing of an agree- ment for 40 years. The city would be billed for power during the year at the estimated cost, and at the end of the year when the actual cost had An extension of time to Saturday, June 15th, has been made for payment without penalty of the first instalment of the 1929 taxes. After that date, a penalty of 5% in accordance with City By-law No. 1925 will positively be enforced, and the Tax Collector will proceed to collect from delinan-- t+ Mamicipal Offices May 30th 1929 R.A BLACKBURN City Treasurer. Bigger B Broilers It is the early bird that makes the profit for You will have EARLIER layers and BIGGER broilers if you feed Ful-O-Pep Growing Mash. The base is pure oatmeal, which all tests show is the most easily digested food for young birds. Cod liver meal is added to sharpen the digestion and to impart to the birds QUICKLY all the highly nutritional value of the other ingredients. meat, fish and alfalfa meal balance Ful-O-Pep Growing Mash perfectly. ° Up to six weeks of age, feed Ful-O-Pep Chick It contains cod liver oil as well, which wards off chick diseases by keeping the birds healthy and strong. The Ful-O-Pep Poultry Feeds will raise more of your chicks, and you will have bigger, stronger birds than you have ever had before. Io id Bot gis feeds like the Ful-O-Pep ou ee ou cannot buy th t under the Ful-O-Pep a BYE SY FUL-O-PEP GROWING MASH and the other Ful-O-Pep Poultry Feeds are SOLD BY HOGG & LYTLE the poultry man, Starter. ° Church Street. BUY QUAKER FEEDS IN STRIPED SACKS 9! ANS SEN Minerals, Phone 203 hy \ ) \ % \ \ \ been determined would be debited or credited with the balance of the cost of supplying the power. Chairman Favors By-law Alderman R. D. Preston, chairman of the meeting and chairman of the special committee of the city council that has been considering the hydro purchase, declared that he was hear- tily in favor of the by-law. He had made a canvas of a number of elec- tors in the city, and had only found one or two not in favor of the pur- chase of the plants. He expected to see the by-law carry by a good ma- jority, he said. Electricity at Cost The purchase of the local plants was the only thing that could be done by the city, in the opinion of Alderman George Hart, The city was not getting its electricity at cost and it wanted it at cost, and the only way to assure that seemed to be to purchase the plant and have it controlled by the municipality, F. L. Mason After 15 years' of consideration of the question, dating from a confer- ence in 1914 that requested the gov- ernment to purchase the privately owned power systems in central Ontario, F. L. Mason, president of the Central Ontario Power Associa- tion, brought to the meeting a strong recommendation of the Association and his personal advice that the plants should be purchased. The Association had become convinced that the purchase of their local dis- tribution plants was in 'the interests of all municipalities, especially to the small users of power in the various towns. He congratulated Mayor Mitchell on having been consider- ably instrumental in securing a grant of $50,000 for harbor development, and said that, with the development of the harbor and the purchase of its electric and gas utilities Oshawa to prosperity. Sound Business Venture The purchase of the local hydro plants was a sound business venture, in the opinion of G. W. McLaughlin, president of the Chamber of Com- merce. It appeared to be the one way that the people of Oshawa could be assured of getting their power at cost, he said. ~ Alderman W. Boddy also supported this view. | No Alternative There was no alternative to the purchase of the plants, said Gordon D. Conant. . Present rates were higher than they should be, and the city's systems were earning the enormous surplus of over $100,000 per year which should accrue to the city and not to the system as a whole, as in the past. There should be no fear as to the signing of the 40-year agreement for power, for the people's uses of clectricity were steadily in- creasing, and most cities had shown an annual increase of 10 per cent in their load in recent years. Oshawa's figure was considerably higher than that. The Rate Not Affected Power would have to be supplied to this city at cost, because this was absolutely covered by provincial sta- tute, he said. Over 400 Ontario municipalities had purchased their local distribution systems, and not one of them had been found that had any complaint to make, Eyen if the annual surplus was only half that es- timated for this year, $100,000, there would still be ample to allow for a reduction in rates and still pay off the debt of $520,000 in ten ycars, so that it was casily seen that there rate by the purchase, he said. Al cLeese Strong apport of the by-law to raise $30,000 in debentures for the creation of industrial areas was voiced by Alderman McLeese, chair- man of the special industrial com- mittee of the city council. Next to the hydro purchase by-laws, this was awa could do for civic development, he declared. : Industrial Area Alderman McLeese quoted an in- stance that had occurred when, an industry had endeavored to locate in this city, when the ordinary price of a piece of land had been more than tripled by a landowner as soon as he learned that the industry was looking at his land. These tactics often drove the industry right out of town and made it seek a location in another place. It was to avoid a situation of this kind that this by- law was being presented, for 'it simply gave the council power to by expropriation if necessary, and turn it over, at a fair price, to the industry desiring to purchase it. It was not the purpose of the coun- cit to use the entire $30,000, or any of it at once, but this amount would be available to purchase land if and plained. A two-thirds vote of the whole council was necessary to pur- chase the land, and another two- thirds vote of the council was neces- sary in approving the sale to the in- dustrial concern, so that the inter- would no doubt continue on the road would not be $1 added to the tax] the most important thing that Osh- | purchase land at a reasonable price, ; when it was needed, the speaker ex- |: ests of the city would he nro- tected. The by-law should have the unanimous support of the electorate, he said. The Four Questions Mayor Mitchell outlined the four questions that will be voted on by the electorate of the city on Satur- day next, June 15. These were, the purchase of the local hydro plants; the issuing of debentures up to $30,- Q00 for the creating of industrial areas; the empowering of the council to sign an agreement with the Hydro Electric Power Commission for the purchase of power; and the estab- lishment of a Public Utilities Com- mission to administer the electric, gas and waterworks systems of the city. This commission, he explained, would be elected annually at the municipal elections,, and would re- place the present water commission. "I am convinced that the purchase of the electric and gas plants would be a good thing for the city, and would be good business. In my opinion, the city is not taking anv chances in buying either the electric or gas plants," said Mr. Mitchell. No Increased Taxes He pointed out that the Hydro Commission would hold the bonds at a rate of interest 35 of one per cent that, since the city would not have to sell the debentures on the open mar- ket, it would receive full value, and not have to 'sell them at about 97 dollars on the 100 as it otherwisc | would, The debenture issue would be a debt on the electric and gas plant and not on the city as a whole, and would be retired out of revenue, Therefor the purchase would not cost the city one cent in taxes, he de- clared. The hydro question would not be allowed to overshadow the indus- trial area by-law, however, for while there was a much smaller amount involved, it was important, "I sin- cerely hope that the industrial area by-law carries," Mr. Mitchell said. "If these by-laws pass I have no doubt that it will open up a new era for Oshawa. Neither by-law will cost the city anything in taxes, and they will have untold value to the city as a whole," he declared. ASHBURN PERSONALS Ashburn, June 4.--Mrs, George 'Williams is spending the week in Toronto with her brother, Mr. Ray Britton whose wife is dangerously ill with pneumonia. Mr. and Mrs. Sam Arnold of Manchester spent Sunday with Mrs. Arnold's mother Mrs. Sam Johnson, Allie Ross is having some ex- tensive improvements made to his house, Mr. and Mrs. Andrew Kerr of Agincourt have been visiting their son, Walter Kerr. Mr. and Mrs. Pearson and family of Oshawa visited Mrs. Pearson's sister Mrs. George Lynde, on Sun- day. Miss Mary Heron is holidaying for a few days with her sister Mrs. George Haddon, of Wick. Mrs, Jones of Toronto was busy last week housecleaning her sum- mer home at Chalk Lake and mak- ing ready for the reception of tour- ists. This place was formerly own- ed by Mrs, Jones, father the late Peter Parrott. Miss Ruth Stuttaford of the Claremont Continuation school staff is at present at her father's home here convalescing from an attack of tonsilitis, The funeral of the late Thomas Duff of Myrtle was held here last Sunday afternoon. Deceased was the son of the late Mr. and "Mrs. Adam Duff and spent the greater part of his early life here .Robert Duff who resides a mile east of the village is a brother. George Mole had the misfortune to lose a valuable work horse last week. Mrs." W. Parker and daughter Jean of Myrtle called on friends less than the city debentures, and, here on Saturday. CuamrioN SPARK PLUGS Insure better performance on the tour To enjoy carefree motoring and superior perform- ance during the summer touring months, install a complete new set of Champion Spark Plugs now. New spark plugs every 10,000 miles improve the power, speed and acceleration of every engine, and actually pay for themselves in gas and oil savings alone. 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