CITY ELECTRIC LIGHTING.

Dominion, Volume 3, Issue 673, 25 November 1909, Page 3

CITY ELECTRIC LIGHTING.

$ ' "A WISE THING BONE" Dmiug tho comso of n sptecli at the opdi > ing of the now City Lighting Station in Mcp. cor Street \cstordaj, the Havor remarked that he considered Ibo citj iind done a wise thinj{ in tiling o\cr the lighting undertaking, m- ' stead ot lcaung it m (ho hands of pinata enterprise According to liguies prepared, it was slit nn that tho purchase of tho eloctrio )ightmg\\undeuaking lrom the bvcdicati had cost .1100,000, lor which amount debentures were issued Smco tho purchase was made, , tho oih had bpont JCi<),ooo in additions to tho ■" building, aud extension'' to tho plant, tho total capital outUv being JC2OO.OUO Additions and tho e\teusions piid foi out of revenuo amounted to £20,000, and tho batik had ad\anced, in pirt payment of new plant, .£20,000. A sinking tund ot 2 per cent was set asido cncli and'would paj oil tho liability to the hto shareholders of the company whoa tho debentures matured in ISTJ Future addi. tious to the plaut and mains, to the extent ' of ,£IO,OOO, could bo made out of menuo ou present results, nnd this amount would mcieoso with Iho ctDdimon of too undertaking. "When tho debentures of JCIGO.OOO vcro iedecmed out of sinking fund in 1933, tho under- i Inking would then he free to tho citizens, and ' rhoulrt bhow a capital \aluo of at least .£500,000 " Tho metallic {lament lamp is reducing the , cost of electric lighting to consumers con. siderabh, and for e<iuol light 70 per cent, of current is saved Electricity is now bald ' (o bo ono of the chcipcst methods of lighting, and undonbtedh the cloiucst aud healthiest, po that there is no reason whv ii should not become the most popular Jight obtainable. Tho new lamps arc said to ha\o reduced the average cost of lighting per annum to each , consumer to tho extent ol quite 23 per cent., notwithstanding tho much higher standard of lighting given l>y thjso lamps