An Undertaking Not to Increase Rates ainud W. Murphy, repre-of the International Group offered Tls. 81,000,000 for leetricity' plant, has anal Tight on" the terms of the offer by his principals ju an interview with a. represe! ative of the "North-China Daily Mr. Murphy stated that the pay. ment for the Department, if accept: ed, would be completed "wholly in cash and further that there would be no increase in the price of electricity over that obtaining at present and as stated in the terms of the contract as one stipulation that must be agreed to, said further,"
"In the first place, I wish to remove the impression among some! merchandising firms interested in the} sale of electrical appliances, that my group have arrangements—with manufacturers and sellers of such! appliances, and that we shall our influence, if we succeed in making the purchase, to foster the sale and use of-their goods. Nothing is farther from the (ruth. We} have no connections of this nature, We represent no manufacturers of electrical equipment. or appliances. We shalt purchase what we need ea the open market, and shall seek to get the best materials lo prices. not to fa: directly, or indirectly through any firm. Beyond what the Flectzicity Department is doing at the pres. time to encourage the use of electrieal appliances, we do not intend to we definitely stated to the [Special Electricity: Committee (1929) when the terms of the proposed franchise were being discussed, "Another question that has' been make such payments sich a manner" at the! shall prescribe, stand by" that." There Strings of any nature to our offer; means exactly what it says.
Text read from the printed page and cleaned; old type leaves the occasional error.