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¢ o emane aeorrermmen & , * R and are to be made in 'Toronto. 7 # New Contracts Promise _ (Th's is to apply in all the new con: S' & wracts.) In the past five years this ving of $30,000,000 American--fund clause in th:zold sone a racis 838 .82 . a During Next Four i cpenes Wiy now be enminated. In nts Years at $1250 . Per +200 e t in foime ' i i contracts. It is now 5 per cent. . Basic Price "Objectionable" features of the old mcmenaiaame f contracts, respecting taxation, have S'GNED FOR 10 YE ARS' been removed. Previously any new | taxation which was levied on the Summmemmemmmmmememmamemme: power company, whether by Qusbec New contracts between the Ontario :;yg;; Ezgxg'lggéswfi "gn"';'}d:'"i,;; Hydro Commission and the Gatineau new taxation now must be absorbed and Maclaren Power Companies of by the company. Quebec were released in the Ontario To overcome the legal difficulties M::l"m "'"'k night by Attorney-- encountered in the old contracts, General Roebuck. ' caused by the fact that the company A saving to Hydro of roughly a half guaranteed to deliver ten feet within million dollars per month is effective _ |the Province of Ontario--thereby immediately, and during the next four undertaking to construct works to f '"':oom" will amount to nearly connect one Province with another-- $30,000,000. y P the new contract calls for delivery 'The new basic price is $1250 per from the Gatineau Power Company horsepowes, with variations for re--| ~to che Gatineau Transmission Com-- serves. The old price was $15. ' pany, a Dominion incorporation, 'The savings, together with savings _ which in turn will deliver power to in Hydro administration amounting to Hydro. The BN.A. Act provides that nearly :l:.?got?\?m'u n'i':i';li:l:es 't: u'\': oniy a Dominion incorporation is per-- m!mdofln "substantial Teductions in r:gt;ke.d to construct an interprovincial power charges." r "In this connection," Mr. Roebuck l"fal and Valid. is said, "may I give the positive assur-- In other words, this is a legal, valid ance that it is the policy of this Gov-- and binding contract . .. while the ersment to hand on to the power-- old contra.ct"was illegal, void and un-- users of our syster such benefits as enforceable," said Mr. Roebuck. good management may warrant, and The new contract with the Maclar-- its courageous battle against the ex-- _ °N--Quthtc Power Company calls fof cessive and unjustified exactions from . thf dtlfvery of 40.000 horstbower at a the system may have secured." _ Delip $17.50 per Hokkep® MEL: The Commission signed two con-- o vvines commenced under this tracts with the Gatineau Company, omnuetion Feb. 1. 1936, so that the and one with the Maclaren Company. 'ommL. ion has now available to carry All contracts are for ten years. t through next winter's peak, 140,000 The Ottawa Valley Power Company ?:rsego;flrt in :diditlon' to the 1:sgmfxera,t- tand Beauharnois Power Company, ul Smen o1 20000 homenower Te *! i whose contracts with the Commission se mags: of 20.000 horsepower from ! were cancelled by the Power Commis-- t',fia'"' an Niagara Power Company sion Act of 1935, have been left entire-- o 1t ;8""' Falls. | ly out of the new agreements. The . ; .. as, besides the 160,000 horse-- Attorney--General reminded the House f riaow er made up of general reserve and : that these two companies had started Cmmedla%e standby from the Gatineau | suit against Hydro and against the I o';x'mhpean; i contract w | Government, and said: "No further ce old contract with the Maclaren | comment is necessary." mpany called for acceptance by the |\ _ Substantial reductions in Hydro 'Clcgmmi.'srsll:;n of }25.000 'horsepower at charges to the consumers will be _ ; a period of tgggr'x;c:rsf ::mg:::g wfict); announced shortly. ten years for the new contract. Details of the new agreements with For the Eastern System the Com-- the Gatincau Company follow: mission has also contracted with the 4 For the Niagara System, 260,000 | Gatineau Company for such power horsepower (23 cycle) is to be held (60 cycle) as it may require, with available for a period of ten years a minimum of 42,000 horsepower, and from Nov. 1, 1935, and terminable a reserve up to 60,000 horsepower. then or thercafter on two years' no-- The price per horsepower in the tice. former contract was approximately Of this 260,000 horsepower held $14.50 per horsepower. The price un-- available, 201,000 is to be taken to der the new agreement is $12.50 per the end of April this year, and after horsepower for such power, as is de-- | that date a minimum of 100,000 horse-- livered and used, and $10 petr | power only, unless otherwise ordered, horsepower _ for 9,000 h°"°"°"""| together with 33,000 horsepower of im-- | which is reserved as an immediate | mediate standby. ; standby in the event of an accident to The balance is to be held for de-- \ the Commission's equipment and $1 75' lvery on one week's notice and is per horsepower for the remaining 9.-- | known as general reserve. 000 horsepower of general reserve, it' _ The power actually taken by the being provided that additional re-' Commission, with a minimum of 100,-- quirements of the Commission shall a 100 horsepower, is to be paid for at| be taken first from the general re-} $12.50 per horsepower, and the price' | serve, and then from the standby, and ! of the 33,000 horsepower of immediate when both of these are exhausted so | standby is $10 per horsepower, with that the full 60,000 horsepower is $1.75 per horsepower for general re-- * used, the price is the flat amount of serve. $12.50 per horsepower. | Payments Hore, Under the old contracts, when the export of gold from Canada was un-- der embargo, as has been the case for some years, payments were to be made in Now York funds. Under the new Agreement payments are to * * be made in lawful money of Canada.