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Show WATER POWER BILL PASSES THE HOUSE Now In the Senate With Ultimata Approval Virtually Assured. As-sured. WASHINGTON Aug 15 The admin istratlon b II a med at development of water power on public lands through s stem of leasing sites to private enter pr sea went to the senate today after having been approved by the house. Its passage, declared Its author Representa ti e Fexr s of Oklahoma, would niean a areata and rtc er west. He said It would afford means of pumping water for Irrigation at a minimum cost, and be a great factor n the expansion of our ag rlcultura poss b 11 ties and the reclama tlon of he arid lands. The b authorizes leasing of the wa ter pone s es at a nominal rental. After the re enue therefrom circulates In the reclamation fund twenty years, half of It re erts to the federal treasury and the remainder to the states in proportion to the power leased. The leases would ex end for fifty years. If the govern ment should elect to take over the plant at the end of the lease period It would pay actual cost of the nonperlshable property and fair value of the perish able property The nterior department would regu late n e rotate service and also intra sta e eerlce wl ere no utilities commls sion ex sted Index the bills terms no one lessee ma; without special permis sion contract to deliver to any consum er of electrical energy in excels of 50 per 'ent of the total output. |