Show PROBE LOOMS FOR AFFILIATE OF POWER co I Utah to Investigate Relations of Bond Share Co and U. U P. P L. L ACTION FOLLOWS LETTER Inquiry Planned Into Alleged Tax Evasion Two arms of the state government Monday reached out to probe Utah activIties activities activities ac ac- ac- ac of the Electric Bond Share company charged with doing business business business busi busi- ness in the state while evading payment payment pay pay- ment of taxes and fees Attorney General Joseph Chez and George A. A Critchlow chairman of the state tax commission announced they would thoroughly investigate relations rela rela- ions of the Utah Power Light com corn pany sany and its par parent nt concern the Elec- Elec Bond Share company Their action followed receipt of ofa a aletter aletter letter from Joel Nibley counsel for forthe forthe the he Consumers Consumers' Welfare and Research league charging that the holding company com corn pany is actually doing b business business- iness' iness in Utah but has not obtained a foreign corporation license and is not paying taxes and fees Cites Contract Contrad Mr Nibley cited a contract between the Utah utility and the parent concern concern con con- cern to claim that by taking a percentage percentage per per- of the gross receipts of the Utah company in return for supervision supervision sion and services the Electric Bon BonI Share company not only has been engaged in business in Utah but has been very actively so engaged I Mr Critchlow declared that all charges pertaining to taxes and fees would be thoroughly investigated Mr Chez while declining to comment com corn ment on relationship of the two companies com corn panics said that if U the investigation shows in his opinion that the Electric Bond Share company is doing busness business busi bus ness In the state without a license the state Is empowered to enjoin the concern concern con cern from doing further business in Utah and to collect taxes and fees dueOn due On the other hand he said if it is shown that the company is doing business business business busi busi- ness Utah the state would be act t. t y Take Much luch Time The Investigation will take considerable consid erable time it was indicated and both Mr Critchlow and Mr Chez are expected expected ex to call upon the state public utilities commission for records on re- re relationship of the two companies At the capitol the investigation was regarded as a weapon to force the Electric Bond Share company to show whether It is doing business within or outside the state Either the Electric Bond Dond Share company has been doing business in Utah or a very large sum of money belonging to the stockholders of the Utah Power Light company has been seen paid out for services never performed per per- formed Mr Nibley declared declare in presenting pre pre- seating the case ease to Mr Chez and the tax commission |