Show 7 ADOPT NEW POLICY f IN GRANTING M Mf RIGHT V FOR WATER POWER V t Provision i for Re Reducing P Price i is e eto to Consumer oni su ner Incorporated in in Pe Pet Perpetual Pmt Permit e i t I Ii i WASHINGTON July Z 23 ZA A A A new Policy In granting granUn water power perm permit t was began boSn toda today when authority t ty for tor development of ot an electric proJect prof ct with Ith an ultimate capacity of ot t f hog r on the time Pend D river Washington ton was granted to tho the International Power Manufacturing M t r company The grant ma may run perpetually perpetu- perpetu 1 ally and can be revoked only y for tor vio- vio lo- lo I T The Tho ho lower r tho the rate charged i to the cons consuming public the lower will I bo the rate contributed to the govern- govern j i meat ment and to protect tho public further a maximum charge of or C G cents per perr r f kilowatt hour was fixed To allow the United States to com- com 4 Jle peto o with Sweden Norway NOn and other countries in the manufacture of ot nl nitrates rates for tor fertilizing g purposes the time company will 11 have hae to Pl pa pay only about TO 0 per cent of or the rc regular ular rate rata for the power It uses In such manufacture It was announced that the interior And a agricultural department departments In tn r as-r agreement agree agree- omont o- o mont ment on the tho power permit at a n. recent conference between bet Secretaries I Lane Tane rind and Hobson had three ee objects In vie visa view ew C in adopting the new form of or permit nermit j The Time first and most important was to control the price of or water power to tos s the consumer b by charging the tho dev development develop develon- lop lop- meat ment company nn less In proportion as 03 it n charges the public less and by fixing a a. ay I y maximum charge e. e Tho The second was o i Je secure full development de of or the tho power f available through m I low o w rates on water lister t i- i us used d for tor certain purposes and b by det de- de t 1 cr creasing rates with tho the amount of ot J power oer developed t. t The Tho third thin d object tho the government o desired de- de desired de dc- sired d-cd was fair fah- compensation and this tho the officials Sa say the they have hae secured The T he hc company compan must begin work within one oue year car and within three years must musti i have ha at least last horsepower deL developed de de- L Part of the time Intended construe construe- I. I r tion Is in the National forest f 3 Jn northwestern Washington Spokane is Is b the nearest city |