Document 930wqke91aKoO9Ew9D5ydbKg7

Power News (Continued from pagt 132) A group oC Shanghai banker* ^ agreed to advance the Chinese portion wiih the full undemanding iblt ' no dividends or income will accrue to their stock until the dollar bonds ttt paid off in full. Although this nu take 15 years, their belief is that eco nomic life of Shanghai requires addi tional power end that the foreseeable Improvements in industrial coadiiioai will provide enough income. Five existing power companies franchises to serve sections of Crater Shanghai will have priority in ecqirir* ing the stock securities of UPC To the extent that they invest in UPC they have the right to buy a propor. tionate amount of the power output, UPC will not set up consumer diitribu* lion networks of its own, but will sell power to the present franchised div tributors. In addition to the generating plant, the proposal calls for a 54*mile over* head belt-line transmission system. It will ba a 132,000-v system. Present generating capacity of Shanghai's power companies is 205,300 kw, with an additional rehabilitation of 59,000 kw expected to be completed by the end of 1948. Shanghai Power now generates about 90% of the total electric energy used in Shanghai, ft sells obout 20% of out* put to other franchise companies who lost heavily in equipment during the war. UPC was proposed to Chinese author* (ties two years ago, but hopes for Atner* (can government loans led tho govern* men! to delay. They expected that with a loan they could do as they pleased --not hove to make concessions for re* payment of the foreign Investment* Th* 2*year delay has seriously postponed any augmenting of Shanghai's power capacity and set back industrial recov ery there about four years. If orders (or machinery had been pieced in early 1948, delivery would have taken place in 1948. The best offer .for orders placed now is 1953. Westinghouae Electric Corp has shipped the first standardised JO.OOO-kw turbloe generator to Southwestern Public Service Co st their station in Dorger, Tens. The turbiiwgenetator is the first unit of (bis site toj be. manufactured strictly accord* ing to rXecenity released ASME-AlE standards. POWER March If4l PUMP CONSTRUCTION You're buying more than a pump when you select one of the line of "Buffalo" Double Suction Single Stage Pumps -- you're buying years of trouble free pumping service/ The finest construction goes into every pare of these pumps. This construe* tion is not cheap -- bur ic pays off where the pay-off count* -- in maintenance savings, high er efficiencies and smoother performance. IN CAPACITIES FROM 10 to 10,000 U. S. GALLONS PER MINUTE FOR MOST CLEAR WATER SERVICES CLOCKWISE OR COUNTER CLOCKWISE ROTATION For * WATER ANY TEMPERATURE * PAPER STOCKS |NONCtOCCN(.| * CONDENSATE SEND .FOR THIS BULLETIN Bulletin No. 955 gives all construction and performance data -- shows you why "Buffalo" Single Stage Double Suction Pumps give you more for your pumping dollar. Write for youf copy! * FIRE SERVICE Buffalo Pumps, Inc. 468 BROADWAY BUFFALO. N. t. Canada Pumps Ud.# Kitchener# Ont. * SELF-PRIMING SERVICE TUGGED, PRECISION CONSTRUCTION-FOR LONG LIFE March 1446