Simcoe, May 25 -- Two members of
the Ontario Railway and Municipal board were on Thursday holding sittings
in the court room when the Norfolk County Telephone Company appealed to them
for the right to raise their issue of capital stock from $48,000 to
$86,000.
The president, Mr. J. B. Jackson
of Simcoe;
the secretary, Mr. T. D. Duncombe, and
Mr. Alway of Waterford,
presented the company's case.
The manager, Mr. Forbes, was also in
attendance.
A statement showing the assets to
be $105,000 was entered. The company's earnings, consisting of double the
amount of extra stock desired to be issued, has been put back into the
business. The board reserved decision.
The Delhi people asked the board
for a continuous service, which the company was desirous of giving.
They
asked that an order be made that Teeterville
and Scotland be allowed
continuous service, which
will then bring the whole of the system into
line,
and it is expected that this order will be made.
There was also an application from
the Windham company asking for the same service as the Norfolk company.
This was settled between the companies,
the Norfolk company getting $8 and
the Windham $7,
a total of $15, which is the same as being received by
the
former company.
The sittings lasted from 11 to
3,30, with an interval
for luncheon.
