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February 22 F. ; l C IS1 A .l H d r. Roebuck Warns Legislature ammescomse s n ME 2 * + t # t ® Y T » T » .' 4 * { e Expounding Hydro *"Crisis Five and a Half Mil ' lions Paid in 1934 f _ | lions Paid in 1934 for I n ky trs .. ' «s uk \'; e 1 R x | ag t > U nused Contract | § ~ ind Y | I C urrent--Steam . w e -- | _ Power Now Com-- N* «* % | * ; * | _ petitive $ g § 10000 B 35. > . , 3"\" , P 3 . > | G. 100. GO8 34 . thlk c . x * '(;,,' d '.'-' % Ee tsA > M 3 6.20 000 CRO. o y n ~\ <P 4 50 UAM : '(\rf ".'v.;. " ~*® m *k '- rennastes L s " ib 7 % xo R A 3 , Mb e fia A x & & & K " az ay oo 1 < * * & A.z.'?"'.'k'??_:'};,;_; 33. . P t§s j S $ y on o "al s _-- on enrad l k v 84 . t xxx / P h: 5 ch td $X +. * . ue ds« UA F oc " e onA . * i o s t yael . calal ty oc Jas \ * zes 7 & »-'«,*"',}-',a, * aed @05 t.'tt;' h @ l c t : s y sn se & _ Cak > oR + L i. iss s Eu: Nes TE 0C fun i e n ie e use ty in ho inei iA troramoy , S k 98 * i'\' C 306R '7 , . Xp ns s PS e +2 4 sns | ho Piroare dn c Masast, '_:'l' ~._;' ,,';;_: :(v, a 1- * P € O (}:.\l«'ndc.{ ([l'f..'l.' of ,'\]r Rv)cbuck's ..-),O,v' 6 * K .:'(..;'.,L_m.' wR3 '.»'P . C s "p\((h on l)df(' ;') s m t > t s 08 f YDRO is faced with & * w a great financial Hon. Arthur W. Roebuck, Attorney--General and Hydro Commissioner, erisis. Pointin«#« to the CGraph Which Discloses Hydro Situation 2 Contracts to purchase Quebec power -- power f which is virtually if not actually unused--are rapid-- ly sapping its cash re-- serves,. Tallied accounts for 1934 forecast a gross deficit of 3 $7,082,623 in 1938. ~ "Stupidity or worse" has characterized the bygone management -- of Hydro affairs. Reports to House. So Hon. Arthur Roebuck reported yesierday to the Ontario Legisiature, His statements, the Attorney--General carefully pointed out, referred almost entirely to Hydro's most important livision--the Niagara system. The deficit for that division last year was $2,869,828,. Reserves werq | sunk to a low of some $6,000,000. They | kad stood at more than $14,000,000 > in 193}, Cost of purchased power was in creasing by $1.196.554 and "it is not | likely that increaseo sales and reduced | expenses this year will reduce the loss for 1935 to less than 1934--thus com» pletely wiping out the Commission's contingency reserves and making it necessary to either call further in=-- creased ratss to the municipaliti¢s or , to still further deplete the capica! of the Commission." "The Commission." Mr. Roebuck °x=-- plained, "has not charged the my= nicipalities what the power cost