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March 5 ; Th plant cost $400,000, and the "as e e o mava new one would cost Abou; $300,000. dongdul?mpaszh:';h%l pt;idr:n s The rates to be charged Were calcu-- _ |the 'piece de resistance' of this North--| . | lated on a basis of the retirement of ern story. In December of this year, | the entire capital investmint within in the combined Northern dist.rlct.s.' Apuoloenmesmen (becetsusic.ccsces, OEAWAY TANGLE ing development had been such as to _ |sinking fund for the first time since ' * v C * e Northern T are J & fotlated with several mining compan-- ' out of the rcd.p be * 1 Bllt R o e b u C k ThlllkS' es which would, when completed, re-- | sult in the installation of pa second Facing Facts. i Power Too COStly u;m of 5,000 ]horsepower at a cost "Perhaps at this moment when woomeestemieuoummenstrmame of approximately $500,000. every one is happy with so satisfactory t Clearing up of ti int 5 "The revenue from these proposed an announcement, I might take ccca-- complications regard?e en es & in C s rding the develop-- S tas, Mastle o vaihe Ao B l:';;'d,t: N cirant prpren. | |Sp mpeiie s on npaldent i\irtrfh lc:;zt,;le rtgc';eibfmf(;ai ninn t,ms' ?la\m | \'d'\hl the rluax:;x_a: credit} of_ the H)fl'r(;i terday by Attorney--General Roeb?wk, * fiiteen years rom | System. In this conrection may | . but he made it clear that Ontario did the date of completion," he said, | recall that on Thursday, Fob. 20. 1936.| 'not need such power at the present § In concluSion, Mr. Rocbuck deait | the Commission accepted a tender {07 | | time, £ with the Abitibi district. | the sale of $15.000.000 of bonds of the "There are other developments on Deficit Wrtc'. | fvlydfl)-'Ek'C:-fiC Power COmm1.S$ion. t the St. Lawrence not ne&rly so c"tly, | fuaranteed by the Ontario Govern-- 'but as soon as power is needed we | "The growth of demand for power | ment, at an interest cost of 258 PC"| | will change our views. The Prime: in the Abitibi district during the past cont., the lowsest rate achieved by ADY | | Minister has said on previous occs-- | year has been satisfactory, though the Hydro Commission at any time. Th'oy' sions that with a glut of power the | Commission is still obliged to report a .'".H'P.'DT:\']}).(' in f;\-(: years tim':'.' T"fo ,Govemment would not spend $62,000,-- | deficit, which is, fortunately, consid-- next last transaction of a similar | 000 t> develop another million horse-- | erably reduced from that of last year. charact'r was in December, 1934, | power which we could not use. As | _ "During the past year the Commis-- when the Commission disposed of $10.--| | soon as there is a need we will con-- sion has installed all units of the 000.000, cight--year Hydro bonds with lsi(ler the project. That is the sane Abitibi Canyon plant--five in all, with! _ Gfii'('fnmi'ni guarantet at an i"'-'v?'*"', and reasonable viewnoint," Mr. Roe-- a capacity of 66,000 horsepower each,| . ©st cost of 3.6 per cent, . _ ! | buck told the House. making a total installed generating| "Good management on sound busi-- | | He thought, he said, that the Gov-- | capacity of 330,000 horsepower. _ ' ness principles--the couragse 'to face ' | ernment should start to remove the | _*Two of these units had been in-- facts and to correct absurditics, and |international complications on the stalled when the present Commission the determination _to resist un-- |project so that at any time Ontario took office, and the other three were| Principled rcbbery does not desir0y |needed power the way would be in storage and were depreciating, and | credit--it improves it. Business mn | paved. a | the manufacturing companies were| Will entrust their funds to those who Later Premier Hepburn declared l demanding payment of their accoum,s.\ have the ability and determination *© [ that he did not believe the St. Law-- "For these reasons, and because of| be truly honest, while they shun @lk* / rence project could be justified on the past and prospective growth in | the knave and the w?aklmg. The first | economic grounds. He favored the demand for power, the Commission | essential to improved Hydro crodit was |clearing away Oof international diffi-- determined to complete the Abitibi the shaking free of the 'Old Man O' |eulties, which would cost Ontario Canyon plant. | thi Sea' who was fastoned on its bJC'{:. ncothing, and which would be handled | _ "Settlement was effected of all out-- | Speiking in the House during this |by the Federal Government. standing claims by the various con-- session, the Leadeor of the Oppsition * . | tractors and supply houses on a basis acclared that the day would come whion | of 70 per cent. of their finally ad-- the Liboral Administration would | justed accounts. The total amount | involved in this settlement was the _ hang its head in shame in the face of lconsiderable sum of $4.835,610.88, and a demand for all the power once pur-- the final cost of the Abitibi develop-- chased from Quebec. The honorable . gentloman credits us with the ability ment, with its generating plant and| !° blush--a power which apparently transmission system complf.'v;'. is 525.'! he dses not himsoif possess. j 022,972.19." he said. ' "In reply, I say that there will be Surplus Wiped Out. | in all ',,ro'babilitya considerable expan-- 'The Surplus recorded in the proper | ston in the demand for power, but ties Other than AbiLID! md'b"p ~Cp€'- | _ that demand will result not from the pletely fi".:)"dméut l;): l'he' loss'e;n'nog:; polic'ies }\'nioh ts would' i 19e cogt Sbitibi spStem + °| loading the power--users with the cost "In 193""':11;' Fevenue of the Ab"'bi' of vast quantities of energy which property msunted to 556" '45',&1 ! _ _cannot be used, but rather from the and its exp"ilx::'s' including r;x'?ew:u: rnner qpmenndlh cubrigetiikes | reige tm% aovelh* but withcut: cér;tingenc{esa or ob-'; Amcnt oo e noa ons is rernsnl to guy soresosiice. amounted to S'l 0"'109 2. | tari?, b,v' reason of its refusal to buy That is to say, the rcvenu'e r;c"'\"*:i. Noi9 To ces win onnonpteaiy : I}e- T .» Z':"'e m')r.e' than 50 oo c\" C t | duction in rates will undoubtedly bring U;Q (T'(hflnd'zur* wit,'nout,m. n_z._;o | about mcrcaseq use of power, and in-- | tor OSSgie:,o'cnc;' sad t,pfi'";"f't creased use will result in industrial "!:h c . aci0Rl defic.'t waswl;;%uégg:'iu- nc:n'l'?y and increased employment. Thus a profit of $140,806.14 'in t;m ;ts';l.l\c'ld?mand is slog. "1 eet ons ervinet Arhar ée hwal & will, the Commission will meet the ui)t.;;u other than Abitibi was totally r;\quir(\nu\n[s whatever they may be, f', orbed, a}xd' the N'orthcrn Prgper- ' instead of hanging its head in shame ;;:;'7 ?:;48(,)7\\113A'.' showed a deficit of :s ;'r}:'ea 81;nt]emen opposite are pleased s s « « O e. "In 1935 this doficit has been more | '-ng Government will look the l::):t'b(;mp ;2 pte\r\-to. ';'l;:' gfn\;n'u'c of 'l':1(' | workers and industrialists of the Prov-- [ to $043,997.53, and the c:(?)e}xeea; § 4 SrrarAREE oiice 'Auness afe traly ;without contingencies or obsolesccnce.i firl:ecrptx;';e l:.ocolfe ofnaggl:?al'?;:, t;lxl\-:'i |arrar o Sntstonts. hi dilicl | . i an inedtimalte beretl io ind absorbed the surplus of $127,041.67 olsn ioi dnalptaiite io. ies sn s | in the other districts, and left a loss * ' over the entire Northern propcrtiesl | of $144,463.717. | No Sinking Fund. | \ _ "Ofm:e must emphasize that in neith-- |er 1934 nor 1935 has the very neces-- | sary item of sinking fund beon includ-- ed in these figures. |_ _ "Lower rates for power in Northern ' | Ontario has resulted in increased de-- \mand. In 1934 the Abitibi property ' \supplied firm primary power to its ; |'eustomers to the amount of 31,501| ~ hp. In 1935 this demand was in--| creased to 43,731 h.p.--an increase in | a single year of 12230 h.p. This in-- |crease is continuing, and the Com--| : i mission looks forward to a balanced budget in the Abitibi district, prob--| b ably during the year of 1937. J s '.!"y -;r & &% % M io miol s ..;-';->2" | % d