Publisher's Synopsis
Excerpt from Report of the Commissioners for the Queen Victoria Niagara Falls Park, 1899
In order to secure the abandonment of the monopoly clause on the part of the company, it was found necessary to make some concession in the rental, which would facilitate the financing of the enterprise, until a market for a reasonable amount of the product could be found and the business of the company placed upon a secure basis. The Commissioners are convinced that the principle adopted in the new agreement of paying a fixed rental for the first horse power generated and disposed of, and thereafter a charge for every additional horse power sold, will produce a much larger revenue to the Commissioners in the course of a few years, and will assist greatly in inducing other capitalists to engage in developing other and competitive power projects, to the great and per manent gain of the community and the best interests of the Park and of the Province. The terms of this agreement will be found in the appendix to this report. Since the execution of the agreement, the Company have been engaged in making core test holes at several points along the line of its proposed works, in order to determine the nature of the rock in which their excavations and tunnels will be constructed. By the Act 62 Vic. (2) chap. 11, par. 35, above referred to', authority was conferred upon the Commissioners, subject to the approval of the Lieutenant Governor in Council, to enter into agreements with any other persons or com panics for using the waters of the Niagara or Welland Rivers to generate electric or other power at certain points, within or without the park, upon such terms and conditions as might be agreed upon. Under the provisions of this authority the Commissioners have concluded an agreement with the Ontario Power Company. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.