Show Extensive Profits Shown By Parent Power ower Company Ins In Fed Federal ral Investigation Investigations s W WASHINGTON Jan 19 Ele 19 Electric 19 Electric Bond and Share company parent company of the Utah Power Light company made profits profits profits prof prof- its of per cent in 1927 and per cent in 1931 over the cost of services to its Its' holding and operating companies the federal trade commission disclosed today Examiner Walter Meleen reporting to the commission disclosed the extensive operations and profits in summarizing information obtained from the company's books The report showed the the company's total income s 's 18 in In- 1927 1921 and in 1931 while expenses were about third one-third of these of-these these figures It showed a a. fund fond of I was paid out of surplus t to 22 company officials in 1927 1921 five of them g getting tUng of this In 1931 the report showed ten got or more in salaries the average being on D December cember 4 1933 Four averaged each Services rendered by Electric Bond and md Share to the op operating op op- crating companies it controls were rendered in some cases at cost In some at a profit In the latter class the holding company company com corn pany collected in fees In 1927 1921 and spent for expenses m making expenses making a a profit of per cent ent on this class of service service ser ser- vice iu according to the commission In 1931 fees of this class were and expenses were were an an an i indicated profit of p per r cent If nonprofit services are are added in the totals the percentage of ot profit would be e per cent in 1927 and in 1931 the examiners examiner's report said The company claimed its services in making mass purchases for its subsidiaries saved the companies in 1927 and 1 in 1931 but are more mor or less hypothetical the he examiner said |