In the committee's view, the best means to achieve this end is to place its control in the hands of an International group, a group sufficiently strong and well-acquainted with the operation of electricity' undertakings. At the same time, the committee wish to emphasize that they were not prepared to recommend a sale unless the consumer was safeguarded and the price offered attractive, and, in_ their opinion, the offer made by the International Group is a very advanttageous one, and they have no hesitation in recommending its acceptance, fs they feel that with the experience this group has in operating electric ity undertakings in various ports of the world, the present efficiency the Municipal Electricity Department will be maintained and possibi ly improved upon, The question of the leasing of the Blectricity Department was gone into very thoroughly and the Hon, Mr. R. D. Denman was given special hearing at the meeting of the Electricity Special Committee (1929) on March 21, in addition to the interview he had on March 4 when the draft of the proposed franchise memorandum was discuss-with him.
'The proposal to lease the Electrieity Department put forward by the Hon. R. D. Denman was carefully considered, but in the opinion of the committee was not one they' could recommend, in fact they do not reconimend any lease of the Electricity Department. The future financial requirements of the Elecity Department, in the opinion of the committee, are not 80 excessive as to constitute a burden on ipality, and at no this question of finance a suffice cause to recommend a change in the status of the department, although it is a factor to be consider-fed in view of the Inrge sums required for extensions in the next few years. ale, But no Lease
Text read from the printed page and cleaned; old type leaves the occasional error.