Show POWER BILL IS READY TO PASS PASSI I House and Senate Conferees I Reach Agreement l on Disputed Point Washington Feb leb 26 An An n agreement and Senate ben ben- House was as reached by the ate conferees today on the long Ions pendIng pendIng pend- pend Ing ne water power bill Administration of the measure is 15 in commission composed oilie oi of placed a t the lie secretaries of war Interior and agriculture who would would be authorized d to o grant C year fifty permits for the use of oC water power with preferences given Riven Iven to municipal corporations The bin bill carries a recapture clause under which the tho government go nt at al the lon LIon o of the thc lease lea c can tale take over con- con control control rol of or the property by payment to the It Its net investment in- in lessee of or the amount of oC vestment pro l provided cd this sum sum docs does not exceed the fair cash value This provision has hat been the tho cause of oC most of If the tho opposition between the two wo houses and as finally approved a commission In the House measure provision was ma made e for tho the thoI I payment of oC tho net Investment hl but buthe the he Senate bill LIIl the p pay pay- y of Just compensation I h Another section of or the U Dill WHICH was vas I contested by the conferees con- con the determination determination deter deter- was that relating to of or the amount to be paid for or the privilege c of or the tho grant Senate Sen- Sen cn- cn ate tc finally yielded The rental Is to too toto toto to o be made mado should hould be sufficient only to of or ortho over cover the administrative expenses in- in tho ho measure but House members Isted that a fair tait price should be paid annually for the leases lease and the Senate Sen- Sen enate en- en ate te finally yielded The central Is to tobo tobo tojo bo jo fixed by the commission |