I ,. rm: GUARDIAN. CH WN MARCH ll; 1951. yioniresi , s Vlesl Quebec Mama Fgsjivala N-I-3,551,, Hatch 4. -(OP) - wllugunpggnolll ds St. Laurent. Pnngh-mCI&lnK tires t! ed winners owl lliillgdtarjiuallljsllleg reelonsl "rm. mu nons who opened t'hf;",f?,2'.'lr”.'.-' festival Monday um presented Lea Gueux All " 'is (The Beggars At The 1 Heaven). n play which g;ff:ho.o5ooium Robert 0. on said after its presentation .. vgry clearly done and the Jtfwmg were well-contrasted." iin Output up E HAGUE. March 4 - (AP) ,Tl;he international tin study mp Saturday announced world f,,,,,;.i. production in use resch- ed a record high of 5.703.000 tom. ,,,,,,,,,...i with 4.525.000 the pre- ' ear. W-fully: ygreatest rise in output VII in the United States. from 3,296.- mi tons in 1040 to 4.363.000 tons in 1950, But 1950 production also Wu considerably higher in Brit- .in at. 003,100 tons. agtlmt 020.100 tons in 1040. . In Canada it was at about 213.- aoo tons compared with 161,539 "ms in 1040 and in Germany 201.630 tons. against l55.000 tons. NORTH lllllnol SCHOOL mpcrt for January. Grade X--l. Eta Cahiil. Grade Ix -1. Marguerite Mac- Cauii: 2- 0"! "cu" Grade vii!-1. Phyllis Ena- iand; 2. Madeline Stewart: 3. David Smith. Grade Vi-1. Maxine Campbell. Grade VI -- 1. Eileen stavert: 2. Garth Edwards: 3. Neill oisrk. Grade V-i. Norma Macoaull mu Judy Campbell (equal): 2. Lorna Muccaull: 8. Alberta smith. Grade IV or.-1. vlctor- Pay Ind Herbert MacDonald (equal); 2. Georgina Merrill. Grade 1V .ir.-l. Joyce Bitch: 2. Ralph Arsensultfa. Donnie Stav- t. "Grade ill-1. Ernest Btavort; 1. Joan carruthera; 3. Lorne camp- bell. Grade i1-i. Donna carruthers: 1. Roger Pay; 8. Wayne Bearisto. Grade li Jr.-l. Vivian Waugh; 2. Elaine Waugh. Grade 1-(a)-1. Ellsworth Veno. Grade 1 (b)-l. Freda Avery. Grade 1 (cl-i. Adele Macoaull; 2. Mary MacDonald; 8. , Paye llesristo. Grade 1(d)-1. Marilyn car- ruthers: 2. Sheldon Nell; 3- WIl' ler Merrill. .loa.n Murphy. Teacher. BIRTHS. Maiuuaoes oearris 50: per Insertion c:.arnailIcu"aaniaal .-Z. i- I ::..:'.:;:.'....." "M W.” ev- caaswsu. -tor muss raaanasm -concert continues Monday. Tuesday, Wednesday of this week. Ticitstai at Hughes Drug Co. , . CITY POLICE COIJBT-At the Stlpendlary Magistr-ste'p Court Saturday. the only case to appear was that of a man charged with assault which was dismissed. PUNIIAL SUNDAY-The fun- eral of ithe late Louis C. Wright was held yesterday slttrfiwon from the Maclrean Funeral Home where services were conducted by Rev. J. T. Ibbott. Interment was in the People's Cemetery. The psllbeara-s were: Wallace L Hig- gins. James 0. Macnean. W. J. Brown. Orion Johnston. Lloyd Carleton. Harold Saunders FUNERAL or Mu. SEAMA- Tho funeral ofAthe late Mrs. Jos- oph Shams was held yesterday afternoon from her residence 237 King Bt.. to st. Peter's Caihatsl, and was very largely attended. Servicerwers conducted by luv. Canon E. M. Malone. Interment was in St. Peter's cemetery. The palllbearcrs were: Paul Kays, Nicholas Ksys. Francis Michael. E-usene Romy. Hurry Shams. Arthur shame. There were a large number of floral kibutes. ' l'UNElllIr IATURDAY -- 'rhe funeral of the late Augustine Lean Funeral Home on Saturday afternoon. Service was conduct " by Row. K. E. D. Ashfcrd. Inter- ment was in the People's Ceme- tery. The "pallbearers were 8. T. Green, 0. M. Avsrd. N. W. bowlin- er. E. Craig. GUEST AT SONG sElWICE- Mr. George Wood, provincial sec- retary of the National Institute for Blind, 'wos the guest of Trinity United Church Y.P.U. last night at the after church song service. The service opened with Mr. Wood pinyin! the trum- pet and O. K. Presby at the piano. After an introduction from the president, Stewart Smith. Mr. Wood. played is solo. "The Lost Chord. Rev. John Irwin and Lelth Stetson Werelthe directors for the evening. The service closed with "Abide with Me". THE ANNUAL Inf!!! PLAY .. The theme of the recent meeting of the Benevolent Irish society's play committee was that the three- act comedy, "Thellrish Professor", is most ready to go to the Prince Edward Theatre. where. it is pre- dicted. it will more than please the crowds sure to be there. The com- mittee under chairman Bro. John ,-W. Hogan, decided that "The Irish , A r" will go under the lights f tfour complete performances on March lath and Pith. "The Irish Professor". scholar and schizoid, is sure to lay 'em in the "isle" at both afternoon. and evening perform- ances. siuxaaar. AT sou'rraroa.'r- The funeral of the late John A. MacDonald was held from his U r ----1---1 IOLLINGI - At the P. E. I. Hos- piill on February 20. 1051. to Mr. and Mrs. Blair lloilings. ltustico. a daughter, Harriet Nsdeue. ROGERBON - At. the Prince Ed- ward Island Hospital on Tuesday. February 21th, loci. to an-. and Mrs. Willard Roger-son (nee Car- olyn stordy) Victoria, a daughter. Welsh! 0 lbs. 8 oas. DEATH! llscIl0NALD-At South Melville. March 3. Robert MacDonald in ills 95th year. Funeral Tuesday from the home of Mrs. Joe Duns- ford. South Melville. an-vice starting at 1.30 p.m. thence to St. -l0llI'l's Anglican Church, Crapaud. for service at 2:30 p.m. Interment In church cemetery. WU-E-At Moncton on March -lid. L. 5. Doyle. D.V.S. Arriving Summcrsida Monday evening. March 5th. and will be creating It hr home of Mr. and Mrs. J. I ood, from when the funeral will be held on Wednesday. March 7th to St. Paul's Church for Mass at 10.00 am. interment St. Paul's Cemetery. FUIZE-At the P. E. Island Hos- Pllal. March 2. 1951. Frederick Furze of 9 Alley St. in his ears Win The remains are resting at lite Cutcliffe Funeral Home where ille funeral will be held today. "Wits starting at 1.30. Intnrment in the People's Cemetery. "WNA-At the Prince, County Htrvitsi on Sunday, March 4. 1951- Hush lfanna in his 00th l'tIr. Forwarded - from the low- nm Funeral Home Monday to 'late residence on the one ad from where the funeral will be held -Tueada afternoon, Ifsrch ; ferment le'a Cemetery. llmrnerside. g"AN-At . the , Charlottetown, x ioltsi o Iaturday. arch. 8. mid siicls Dwan in his ' year. is aeiaaiss avers. raasierrsd luaday .after'sooa from the A. A. -fiaasasaey run- i':l3'"'"'i" '3t.""""' :.'..".': M frotlifwmpg " r " , 3 . were conduct- ed by the luv. A. 5 Weir and Rev. G Carlyle Webster. Daring the serviceldrs. A. B weir sang as a solo. "The chistlan's Goodnight." Intsssnent was in Mermaid Ceme- tery. The honorary pallbearers were: 1-Ion. J. walto Jones. Iaorisrd Wood. Arthur Mutch, - George Lewis. The active pallbearers were: 3. hrle MacDonald, Roland Mac- Donald. Russell Pas-guharson. les- iie MacDonald. clifford Mac- Donald. Willard MacDonald. The funeral was very largely attended and these were a large number of floral tributes. B. Y. P. U. MEETING -"Msg- asine Magic". a technicolour mov- ie. the intricate background story in the pubildriru of several lead- ing U. S. magasines, shown through the courtesy of an. Ear- old Babcock. manager of the P. E. 1. Branch of H. H. Marshall, IM.. was much enjoyed by the Baptist Young"-People in their regular meeting in the ladies parlor of the Baptist Church last evening. An- other feature of the evening was the debate, "Resolved: That Judas lscarlot made no contribution to the cause of Christianity! The affirmative was led by Gordon Macllaclsern. other speakers on his side being: Grace Campbell and Windsor Brehaut. The con was led by Clara Simmons with Ens Maolachern and Vic Bunts as- sisting. The chairman praised both sides and did not declare a wlnn ..A visit to an. Herbert 0 e by the group to con- duct a meeting with the pastor was planned for the coming sun- day. In the devotional period the -pastor. ftev. lit. Dsvison. led in a oontin discussion of the pixel of Mark. Aletha hunts l a hysnn-silt to-boon the mastitis. presided over by the president. Windsor Brehaut. r a i. yesterday aftsmoon. services The man friends of flora Camp ii. i Heart Items. will be sorry-to know that --she is apmtitfltkin the Charlottetown do 3 in-F”iI. to hair, of his ll wlsluhiln a speedy Mayhew "was held from the Mac-' .l.eglon. To him came hundreds upon Continued from page 1 MS y's Mr. George V. Fraser. Director of the Prince Edward Island Tour- ist and Information Branch loft yesterday for Toronto where he will set up a display for this Province at the Sportsman's show. Prince Edward Island will have a booth. ten feet square. in the Travel Bureau section of the ex- hibitiorl, and will display num ous' pictures" of the P. E. I s scenic beauty. and feature in- formation on the various sports found in this Province. Birds. nat- ive to P. E. I. will also be on dis- play. The exhibition is being held at the Coliseum. and in said to he the largest of its kind in Canada. This year the department has been fortunate in securing the services of Mrs. Gwen Beattie. Widely known Canadian newspap- er woman. who will interview vis- itors at the Island booth. Mrs. Beattie has been a frequent visitor to Prince Edward Island, and was publicity agent for radio commentator Kate Alt- ken during the Canadian Nation- ai Exhibition last summe. The show will be held from March 9 to 17. and during that tune Mrs. Beattie will greet visitors and distribute literature on -the at- tractions of P. E. I. Mr. l"l'aser will stop off in Montreal on his way to Toronto to make arrangements for s new tourist promotion folder for this Province. Friend Of War Veterans, Passes OTTAWA, March 4 - (OP) - Richard I-lalc, a friends to thous- ands of war veterans, died Saturday at 63. For xi years he was chief pensions officer for the Canadian t mission are Judge 0. St. Clair Trainor. chairman; Mr. l...B. Mac- lullan. secretary. and Mr. w.n. Breenan, commissioner. The inquiry was commenced by order of the communion dated Jan. 20. 1040. and the services of the lrnatnoerlnc Ser- vice Company illalifax were pro- oured for the making of the neces- sary appraisal of property and tax- amination of assets. on Sept. 22, 104p. the appraisers filed I report. on the land, plant and NI-llvlnent of the Electric Company. Ltd. in Prince Edward Island showing the estim- ated prudent original cost of the same at 0.375.293. as of June 30, L949, which figure the Company ac- cepted. The ' regoing did not in- clude cash laid out by the Comp- any in. the purchase of the plants. lines and other assets of certain the Company at prices approved by the Commission. This amount was left out on direction of the Com- mission.- because t involves a. spe- cial-rullng as to policy relating to the same. Question of Policy The deurmination of an earn- ings base for a public utility. says the report, involves a decision on many questions of policy which must be followed in reaching such determination. shortly after the non - depreciated inventory was filed by Engineering service Comp- any. the company (Maritime Elec- tric), made application for a prior determination of the principles and policy to be followed in dealing with several matters relating to the final determination of the earn- ings bass, and the following matters were" ”" ythef ' on the 10th day of February. A. D. 1050: 1. The manner of determining the accrued depreciation on the Company's property. 2. The manner of determining the annual depreciation 'on the Com- pany's property. 3. The manner of determining the amount of money to be allowed to the Company as working capital. - 4. The manner of determining the earnings base from year to year. 5. The manner of accounting with respect to capital expended in the purchase of properties. "While some criticism may have been levelled at the Commission for allowing the matter to be extended into several hearings instead of just one." says the report. "in the light of experience, we are now an- preciative of the help which the procedure adopted has given to us. This is the first inquiry of its kind which has been made by this Com- mission, and we feel that in deal- ing with the matter by stages a better opportunity has been given to study the questions arising out of this inquiry." "In the light of the decision of Feb. l6. i950. Engineering Service Company proceeded to compute the amount of the accrued de- preciation on the already accept- ed inventory and appraisal. When that appraisal had been completed and filed with the Commission a public hearing was called to deal with the final determination of the Company's Earnings Base. hearing took place on the lith and hundreds of cases of veterans who needed help and guidance in seek- ing pensions for war disabilities. Many of them probably owe their award of pension in him. T BELIEF Continued from page 1 the Chinese have time to launch their threatened spring counter-ab tack by an estimated 300,000 troops. The Commonwealth mth Brigade fought a patrol action lib miles east of the Yongdu road junction. North of Baemal in the centre of the front. the marines picked their way up a steep canyon alive with Chinese snipers and mortarmen. other marines stormed two peaks. both more than 1,000 feet high which overlook the road to Yong- du. Operations officers said the re- siatanco generally was light during the day. Cache of Weapons At Ssemal the marines found is cache of abandoned Chinese wea- pons. so large that front-line troops could not handle them. reported correspondent Randolph. The wea- l2th of October. 1050. and the same parties appeared as at the hearing on the preliminary quest- ions. The report of Engineering Service Company was -presented and supported and explained by pons included American, British and Russian guns and semi-automatic rifles. In their advance up "Death Val- ley" north of Hoengsong. the mar- ines found the tragic remnlns of a lsrse American army task force Mr. John R. Kaye, the head of thlt WM lmllllblled Ind wt to Engineering Service Company. pieces in a running fight down the canyon son after the Republic of sIf;I'ht Lin. Method Korea. Eig th Division collapsed ll5l51"9l'-ll "In accordance with the pro- Air observers reported Sunday that 20,000 Chinese were building up a concentration eight miles north of the battlefront near the hamlet of Segae. The Reds were re- ported to have 100 vehicles in this concentration, northeast of 1-loeng- song. South. of Seoul Allied artillery pounded the former South Korean capital for the 23rd straight day. There were reports of Chinese troop movements north of the Hall River and on -the southeast outskirts of ill. Nineteen American B-20s lashed at a concentration of 310 Commun- ist bsrracks at Songjin on Korea's far northeast coast. ' The Fifth "Air Force flew more than 000 sorties Sunday with no of themrm close support of ground forces. Fits British Workers In Slowdown Move LONDON. March 4 - (AP) - Wholesaie firings of workers in some machine-tool and 011111199?- ing plants-almost all directly or indirectly doing defence work- hsva-bsgun-ln-. Britain. The firings are employer-s' an- swers to growing slowdown strikes by skilled workers who seek wage increases for piece work in excess of increases in basic rates sranted last Novem- alme of the irate employers say Communist Isitators IN sruminins up .the slowdown strikes. which began two month! ago in Manchester and I-lv0rP00l and now have Illrtld to 1003""- No specific Communists have been named as inatlgatora. . it. Grade 1 (0-1. Wilued Erod- '- M-.':.:'.-.:c........... visions of the Electric Power and Telephone Act, 1048. Chapter 14. and the Commission's decision of February 13th. 1950." says the re- port, "the method adopted for the determination of the amount of accrued depreciation on items of plant and equipment is the Straight Line Method. This meth- od is applied by determining the estimated service life of the item of plant and equipment on the basis of experience either from the history of the like items in the public utility in question or from the history of the like or similar items in similar public utilities. varied. where necessary. to suit local conditions; and when the estimated service life has been determined. the accrued deprecia- tion is found by dividing the amount of the actual or estimated original cost less net salvage by the number of years of the esti- mated servlce life and then multi- plying the result by the years in service. "This method is readily ap- pilcabie as to the larger and more expensive items of plant and equipment because they are easy to identify and their life history and original cost an readily ascor- tainabie. This. however. is not so when there are large numbers of small but similar units whose unit costs are low and where it is neither practicsble nor possible to trace the life history of each unit. in such cases the method is- applled by Irwplng the items and by determining the life history of the grow in manner similar in that used in the case. of the larger and mom costly units. above men- tinned. Depreciation Reserve - "On page I of the appraisal un- der the title of 'Summary by Ac- counts,” the total original cost of the,Company's property used and meful. but not including chased lit to. is given at original cost is mod deprecia- At the initial , . ms "59 35' ' fesantatives of the company laid gztstrsss on the difference which I between the amountabi are a small public utilities taken over by i This l the October. 1000. haariu, gud are based on ass appraisal made in NI by one I. J. Cheney who was hired at me time by the Com- pany. "From the comparative figures of the said Exhibit it was contend- so that while the actual depreci- ation reserve Is at December 31. 1048. was 3i02.il7l.0d the amount based on the Cheney appraisal with 2Vs96 accruals alleged to have been approved by the Board of Commissioners of Public Utilities on January 0th, 1038, should have been l236.0'il.'I3. thereby leaving a difference of 342.20'l.07. and it was further contended that. union some adjustment were made. the Company would be deprived of the above mentioned sum. "However. at that time the Commission held that the matter was irrelevant to a decision on the questions then set down for determination but left the matter open for subsequent. -", "tion. Now that the appraisal has been mpleted and the amount of de- preciation computed. the differ- ence between the amount of the c and depreciation as of June 30th. 1040. and the amount of de- preciation reserve as at December 31, 1948. is 3231.32.34. "The Commission anticipated a further presentation and argument in relation to this matter. and in- formal mention was made of it; but no further reference was made to the question at the final hearing and we now conclude that the matter has been abandoned, thus obviating the action contemplated by our decision of February ltltii. i950, and our order referring to it at page 7 of our decision of March litll. 1950. "Returning now to the question of depreciation we note that at the hearing no evidence was giv- en for the Company relating to it and the amount as computed by Fnlf lug Service C y was not questioned, so tliat we see no reason to disturb the finding. and therefore, we approve the same. s,stems Purchased "As above mentioned. the orig- inal total cost figure of 32,378,175 found at page 3 of Exhibit "N" does not include the cost to the Company of certain generctln-g and distribution systems hereto- fore purchased by iihe Company and comprising a part of Fred Leard's distribution system at and near Mount Stewart, the distribu- tion system of the Cardigan Elec- tric Company Limited. the Leurd Electric Company of Crapaud. the North Tryon Electric Company Limited. and the Town of Souris Electrical Lighting System. A summary of accounts a , .lns the appraisal of the foregoing systems is found at pages 93 and 94 of Exhibit "N". where the total sum paid by the Company is Elven at 349,84l.00 with a depreciated value of 327,243.00, thus leaving an excess of 322,503.00. ' ”These purdnases were made by the company with the approval at the Commission for t'n'e reasons set foriih in our decision of Feb- ruary lath, 1950, and in line with that decision the shareholders of the Company should not be com- pelled to bear theloss of the ex- cess of 322,598.00 over value above mentioned. "Although the figure of 549.641 has not been included in th total as given by Engineering Service Company, the sum has, neverthe- iless, been dealt with by the C y when computin. the an- inuai depreciation throughout the years. No figure was given in the evidence as to what amount of money was taken in relation to the depreclable portions of those ipurohased propertiu but it has -been estimated by our local con- sultants that the amount would be about 33,224. Deducting that amount from the 340.841 leaves the net cost to the Com-pa-ny to date of 341,017. and. subject to the re- strictions and directions which will hereinafter follow. this amount -will now be included in the Earn- ings Base. "However. as there is included in it the sum of 314,374 represent- ing items of property of undeterm- ined value which are neither used not usable by the Company. and the remainder representing excess cost to the Company over value. it is-undesirable that the said amount should remain indefinite- ly in the Earnings Base but that a method of disposal should be ar- irived at. ''In orderlto do this we direct. -that the Company ohlll maintain I separate account as in "Purchas- -ed Properties." That account in respect of properties heretofore purchased should. in effect. show the said sum of 340.041 reduced by the sum of 327,243, (representing the depreciated value of the said ipu-rchased properties as shown on Page 04 of Exfrlbit "N"), and furth- er reduced by the 38,224 of de- preciation above mentioned, and from time to time further re- duced by the proceeds of the sale of any of the items of unused or unusefui property with any bai- once remaining to be amortized out of eamlngs over a period not exceeding five years with corre- sponding reductions being made annually in the Earnings Base. organisation Ixpenses "rile appraisal further included a sum of gala as 'organiution expenses! as expenses are itemized ll! ')lr. K!!! in his evidence and their commencement dates back tot he beginnipg of electric power development in Prince Edward Island and are canted forwud in the same amount by Engineering Service weompaei, from its appraisal of use. r. Rays. in hluevidencc. stated that in rule cases it has been sllsiolalsry to allow such items and we will. therefore. allow the same. However. althoudi the amount is enroll. we do not think that it Ilould continua indefinite- larninga Base remains the quest- lworluns Capital: It is much too Gllmonlvl-U to require proof that no business can successfully oper- ate without already cash fluid known as 'Wor-king Capltsl' and all rats making bodies agree that .ll'f rate making clses a public mu. lty is entitled to can I return on a sum of money for operating expenses. it is, however, the question of quantum of such ai- ilowance which requires our si- tention, and we think Hie guide to be followed is very concisely laid down by The California Rail- iroa-d Commission in California Farm Bureau Federation et ai vs. San Joaquin Light and Power Corporation. P.U.R. 61932 D). 810 at page 328 as follows: if a utility is permitted to cam on a work- and In; cash allowance sufficient to . .. meet its ordinary requirements NOt1Ce5. under its customary plan of op- eratlon. it has no cause for corn- pmnv" Cubs and Scouts of Plln Finn. Manitoba. have contributed sioo towards the cost of an artificial i”: 'or.w.'::.'""r.i"i saw 0s a co oug n ect on. dur- In determining an equitable sum .1 of money to be allowed to the Com- In the tumnb 0' the nood' Plny 5-5 'W0l'k1"l CIPWil'- the 7-'0' Nine "prams", which are in-foot gineering service Company llxed fiat-bottomed selling craft. are be- the amount in its appraisal as 1", bum 10, u” by ",5 P1,” 5.". 3230.000. The Commlulon in its re- nia, Ontario Sea Scout Troop with 53-tesms1c:xt::mh1Le align: gnibcooperstion of the sarnia Yacht his method of calculation. The re- port then continues: Working Capital To Hon. N.E. "we hesitate to uuusree with Commissioner r...TlKi""s5;”Vs'..-"..”.l?.' such competent authority as is Mn Association in Alberta, Lieutenant- KSYC. but I CBVNU1 Stud? 01 N5 Governor J.E. Bowlen presented the analysis in the llsht of all the rel- silver Wolf, Scoutirlg's highest "Int IICWT5 h” 19d W W "W c0"' szward for service at the annual cluslon that the figure of 8330-000 meeting of the organization in Cal- is somewhat high. Certainly it can- guy ucmuy. not be too low since neither the g Comp-We hlzhlv experienced Wlt- Hiawatha Lodge, 1. o. o. r., Kent- mm whatsoever to the Having in mind that all of the fig- nesses nor its able counsel made any reference matter at the hearing. ures are based on averages and that "As to one of the factors which by the law of averages all of tire was dealt with in reaching a con- various items of expenditures could ' ' , Mr. Kaye in his evidence not reach their highest point at the said they used an estimated oarn- same time, we think the extra. ni- lngs base of 32,250,000 and had iowance of 310.000 is not wmnnted taken one and two-thirds months and. therefore. should be deducted, or .130 of the 7 per cent. rate of "As the total of the foregoing de- earnlng heretofore approved. But it ductlons amounts to 343,716.37, the should be remembered that not all flilllre 0! 3230.000 allowed by Mr. of the '1 per cent. allowed to be Kaye would be reduced to s1m,723.s;; oarned is paid out in cash. The but for round umber-s it will be Company is only obliged to pay out allowed at 3100.000. in cash its interest and dividends "It is with regret that we find with the balance going into sur- ourselves unable to agree with the plus. The amount paid in interest opinion of Mr. Kaye in the mnem- wiii depend. in a large measure, on of working capital but our opinion the financial set-up of the Coinp- is born of conviction from all the any. circumstances of the case. It. may "If a. Company, as in the present be that our conclusion is wrong. but. case. has a large proportion of debt if so. the matter.wlli soon become capital at agreed and determined apparent to all and any necessary interest rates. and a small propor- adjustments may readily be made tion of share or equity capital. it by the application of the formula can pay a moderate dividend and set forth in our decision of ifebru. have a sizesble amount for sur- ary16th.,1950." plus. It may be noted, too, that the estimated earnings base used by Mr. Kaye was somewhat higher than the approved earnings base will be. The report concludes: We think. in the light of these "It is unfortunate that the ap- facts, the sum of 32i.&2.llo may praisai of was had not, been elm” properly be reduced by the sum of wholly accepted with modiflcgitlon 37,500.00. and the Company's earnings base "Proceeding then. Mr. Kaye been determined. such action would states that he took the end of the have meant a saving of many thou- month average of the value of sands of dollar. I-low .,., it is materials and supplies on hand, in- pleasing to 'flOl.C that the whole ex. eluding fuel, and found the figure pense of the 1036 appraisal has not to be s137.763.'l4. and this figure he been lost because. owing to the co- included in the sum for working operation of the Company and En- capital. But in that monthly aver- glneerlng Service Company. the 1936 age are "included quantities ot mat- appraisal was made the basis for erials and supplies awaiting their this inquiry and has probably rc- plaoement in capital construction duced the costs by so per cent. I-lad programmes. an earnings base been determined "Now it will be recalled that. in in 1908. all that would now have our decision of Feb. Id. 1060. in pre- been necessary would be to check scribing the method of determining additions and retirements of the the earings base from year to year intervening years and to make any we decided. following the exper- necessary adjustments to the de- icnce of other regulatory bodies and preclatlon reserve. guided by expert opinion, that all "When our computations have given year should be added to the been made to bring the earnings completed additions to plant for a base to date. our work in relation earnings base for such year at pru- to determining the earnings base dent cost. thereby permitting tile ordered on the twentieth day of Company to earn on their value for January. A. D.. 1040. will have been the full year at the approved rate. completed. and we now take this "Obviously then, to permit the opportunity to express our appre- vslue of materials on hand for csp- elation to Mr. Kaye and his assoc- ital construction purposes to be iates for the thorough snner in added to earnings base as working which they conducted their in- capital and at the same time to in- vestlgatlons on our behalf and for clude their value in plant extan- their valuable advice most freely slona would be to permit a dupllcs- and kindly given; to the officials tion of earnings. It would be a great and staff of the Maritime Itiectric task, if not an impossible one. to Cornlilny Ind ltl counsel. Mr. 1'l.F. reach an exact figure for a given MacPhee, K.C.. year. and while we think that ten hearted co-operation; to Mr. KM; per cent of the average monthly Mllrtln. KC-. Ind Mr. W. A. Mor- flgure would be an under-estimate, rell, his consultant for the City of nevertheless in the present circum- Charlottetown. and Mr. -7.0.6 stances we think ten per cent or Campbell, K. C.. counsel for the 313,776.37 should be taken off the Province of Prince Edward Island. above figure of slM.761.'l4, leaving for the co-operative manner in 3123,08'I.3'7. which they represented their clier.ts' interests. and lastly, to Mr. R.W. Manning. our own consultant. for the great assistance to us in clar- ifying financial matters." Conclusion Other Comments "Further Mr. Kaye on examin- letter day for Cuba of the Royalty Pack for on that day the following were invested at a very impressive ceremony as Tender- foot Cubs: Ivan Ashley, I-Wlnzstone, Douglas Miller, Win- stcn MacKinrlon. Donnie Corcoran. Irvin smith, Wally Walsh. Louie Robertson. Raymond l-ieartz. Eugene The following Cubs were also pyg- sented with their first stars: Art- hur Walsh. Charles Macxlnnon and George Fraser. . Friday, the Guides and Brownies were shown very enjoyable films and treated to candy. Both films were treats from the local . committee. "mm scouts played an exhibition game Pt hockey with the fast skating Borden team and lost to the tune- of 0-2. Line-ups for this game were as follows: ' Royalty 5couts:-Goai- D. Mae--' Ausland; Piorwarris- 5. Mac, Donald. D. Ravenhill. B. Doucetta. -T. MscAusiand. Mustard. K. Bryenton: J. Gill, H. Corcoran, cl. Kells. Hear-ts. Bcirden scout.a:- Goal-J. xeough. Florwards- L Gallant. D. Own. D Noonan, E. Mclcinnon. A. Kelly; Defence- A. Maclsean. D. Mclvor. Referees - P Tocrnbs and J. Dorsey. like to take this opportunity to publicly thank the following peo- ple of Borden who so kindly helped to make their visit a most enjoy- able one:- A. P. Coretti, )2. Kick- ey, R. Rogers. W. own, If. Mac- for their whole- . around at Lake. The xentvills Boy Scouts As- sociation h'as gratefully sooopud the offer. Earl Mountbatten of Burma. Brit- i;'h.dComm&el for an Bcouts.,has e av e a bursary of in pounds sterling so Scout can take part in Expedition of the British Schools Exploring society Slit summer. Fntlrllnl of the Tllisonburg. Ont., club have decided to sponsor the Klpllnx Crew of Rover Scouts (older scouts). Rotarians will pro- vide leadership for the group. Jackson Dodd-. Deputy. chief Scout for Canada, and Maj.-Gen. n.c. Spry, chief Executive Com. missioner. will attend the 19th In- ternationsl salzburg, Austria, nest July :11 - Aug 2. They will also visit the dev- entn World scout Jamboree in Aus- trikAux- 3-13. scout Conference in EAST ROYALTY TROOP A... well fellows. that scout Hockey Lelilue play-pff games will soon be getting under way. This year for the first time a smart new ies.m.frcm East Royal- ty will be in the play-offs. ttying their hardest to bring home that much coveted trophy for the beat Scout team on the Island. The Royalty lads will represent Group Three in the play-offs, hav. ing defeated the Basilica 7-4. st. James scouts 5-0 and Trinity Scouts 7-4. the the Led by such outstanding players as sandy MacDonald and Dean Ravenhili, this team should prove quite a hockey title. threat. to Island Scout r PACK NEWS Friday. February 23. was 1 red-' l East Harvey Forsle Robertosn, Gray. After their regular meetings on- Cubs. Eoouts and and candy ROYALTY scouts vlsrr aorrossv On Friday. February is, the Scouts of East. Royalty visited the Borden scouts. Scouts in all made the trh. About ' twenty During their stay. the Royalty J. Mustard. P. Defence- D. The East. Royalty Scouts would Lean; B. Mclvor. M. Large, W. Irving, F. Noonan. scoutingly yours. Red Feather. succcssrvn HUNT YORKTON. Sask. - (OP) - A 90-pound male thlber wolf was chased by men on horesback and shot about 12 miles east of York- ion. Harry Swallow. president of the Yorkton Fish and Game League, said it was unusual for I timber wolf to venture as for south as Yorkton. ation by Mr. Manning stated that no consideration had been given by him of the business practice, in somewhat general use. of extenr'ing for a period of thirty days or more the cash term quoted in sales, ther- by obviating the necessity of a cash fund in Working Capital to cover payments otherwise required to be made immediately. Consequently we believe that a further reduction of 312,000 or about ten percent may it equitably be made from the above 0,: figure of 3i28.Wl.:7. "And finally Mr. Kaye added a further sum of 310.000 in excess of all the -ted -equfr ' NOW 70 IIIIIVI M dnIg'lets' in II BY-4 mmmr OH LEOI0ll I-'liliEltAL ' LEGION FUNIIAL lottetown or the Summerside Store. .o.IIOllCllI'I'll M”, 3,... .my..y, SPRINGTIME SPECIAL in the Sporiwenr Department! to neck and chest. Rob in waIi.Msuege neelr. 11.93 to 0.95 and 10.05. . ' G.H.M. 2 If you're building, iinisming or re-finishing your home or any part of . . . Come in lo the Hardware Department of either the Charlottetown the Summereide Store-here. they will tell you all about the wonder- ful possibilities of the diffenant types of WALLBOARD and the proper places that these types are most. effctive. There is a very complete stock of Sheetrock Wallbosrd (Gyspsirm) and the insulating Wa.llboards- D n and lnsulboard. . . . And too there is a great deal of in- terestybeing shown by builders in Semi-Hardboard. Tempered Hard-" ' board and Tiieboard. Modern buildings contain a lot of these different- Waliboards-they have proved to be most satisfactory. Come in today and make your inquiries from the Hardware Department of the Char- Fine Wale CORDUROY JACK.l.'l'S have been reduced in price from ill! and . . These belted Jackets in two delightful styles. they button to the neck and have neat little pointed collars. worm love the delectable colors in which these Corduroy Jackets are shown- l'hey're rich and glowing. The rises are from 12 to M AND THE VERY SPECIAL PRICED 0.03 and 10.05 in the Sportwear Department. 1 You'll find dear. little cm-rou piusssss for your dear little air! at dear. little prices in the Youth Centre. Tlrase New Arrivals are in two styles. one has a square eyelet yoke and the other has eyelet trim on the yoke and pockets and a wee pique collar. They both have W305 5199'" and a tie soda in back. The materials are any UGNN5 "mil" "' 7"" quality. The sites are from 7 to is andlthe really attractive price is , ONLY 1.05. Shop for your children's clothing In their own department- LMG lggmw The Youth Centre. - ---:-- o . 'l'hgyJsy,t.lie best advertising is "By way of mouth"-so tall ever! rum 0' "m" min list you know about the smart srnoncaa JA 3 that are to from be found in the News West eat. may. are made or beat usi- i3.gabai-dine twill with Norfolk style baelrs. generous pockets a full cateliffa Funeral Ilene linings-use colors an olive and hear. The rises in I At 1:30 res. Jackets range from M to M and the price is 10.00. Any man s IONIIAY. I ILIX at Department. to wear one of these 8tsbiler.Jaeksts for span and lehuro wasp- :ay're really grand! Tell him. he1i find syrollgr Jaclretsiiq the Idea!- N