Show RATES IN REGARD TO NEW CAPITAL requirements in granting to the georgia railway and power co increased I 1 rates intended to bring a return of 8 per cent out of which fixed charges m must u 8 t be rn met e t the georgia railroad commission said the record shows that there is a large demand on applicant for services especially for industrial power which it cannot meet without further development of unus unused edwater water powers and that large vanis of new capital are 1 necessary for such development because of financial conditions now existing it shows that it has haa been unable to secure needed capital from the sale of its bonds or from short term loans except fit at very high rates of interest arid and only in limited amounts now new capital cannot be obtained by public utilities at all except where rates tire arc such its as will afford reasonable assurance earnings sufficient to care for 1 i legitimate charges and establish for them a basis of credit this does not mean that rates should be such as in themselves will supply new capital but that they be such as to justify capital investments in competition with other business ventures |