East Kootenay Power

EAST KOOTENAY POWER CO. IMPROVES ITS POSITION

            Montreal. – The annual report of the East Kootenay Power Company, Limited, will be ready for mailing to the shareholders next week along with the notice calling the annual meeting for June 28.  The Company’s fiscal year ended on March 31, and it is understood that the showing on the year’s operations will be of a satisfactory character, indicating some improvement over the preceding year.

            Reports of the current year’s operations to date are even more satisfactory in their character, indicating that if the present rate is maintained a new record will be reached.  The company is now operating under more satisfactory conditions than at any time in its history.  Its large customers for power are the Consolidated Mining and Smelting Co., and the coal mines of the district including the Crow’s Nest, International and McGillivray Creek, along with others.  Labor conditions at the mines are now satisfactory, and the striking growth of the smelter business creates an ever increasing demand for more power from that source.  The present installed hydro electric capacity of East Kootenay is 22,000 horsepower, and there is a demand for still more power.  It is thought probable that some method of meeting this demand will be brought before the shareholders at the time of the annual meeting.  This power development is one of the group controlled by stock ownership held by the Power Corporation of Canada, a company organized by Nesbitt, Thompson & co., limited, as a holding and managing corporation for their various enterprises.