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" In passing upon the application for leave to issue additional capital stock, the Commission will consider : "(5) Whether there is reasonable prospect of fair return upon the investment proposed, to the end that securities having apparent worth but actually... "
The Careful Investor - Página 180
por Edward Sherwood Mead - 1914 - 289 páginas
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Annual Report of the Public Service Commission, Second District, Volúmenes1-2

New York (State). Public Service Commission. Second District - 1909 - 944 páginas
...upon the application for leave to issue additional capital stock, the Commission will consider : "(5) Whether there is reasonable prospect of fair return...that, in a general way, the venture will be likely to to prove commercially feasible, but it should not undertake to reach and announce a definite conclusion...
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Annual Report of the Public Service Commission, Second District, Volúmenes1-2

New York (State). Public Service Commission. Second District - 1909 - 946 páginas
...upon the application for leave to issue additional capital stock, the Commission will consider: "(5) Whether there is reasonable prospect of fair return...investing public should be considered by us in passing tipon these applications. " The Commission should satisfy itself tkat, in a general way, the venture...
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Reports of Decisions, Volumen1

New York (State). Public Service Commission. Second District - 1910 - 772 páginas
...interfere with the flow ot witer in a navigable stream to the extent of impairing its public use. (e) Whether there is reasonable prospect of fair return...actually little or no value may not be issued with the sanction of the Commission. (f) Whether new construction or improvement appears feasible as a business...
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Public Utilities Reports

1917 - 1226 páginas
...navigable stream to the extent of impairing its public use: (5) whether there is reasonable prospect of a fair return upon the investment proposed, to the end...or no value, may not be issued with our sanction." Re Hudson River Electric Power Co. 1 PSCR (2d Dist. NY) 51, 67 (1907). And in a case before the New...
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Public Utilities Reports Annotated: Containing Decisions of the Public ...

1917 - 1248 páginas
...navigable stream to the extent of impairing its public use; (5) whether there is reasonable prospect of a fair return upon the investment proposed, to the end...or no value, may not be issued with our sanction." Re Hudson River Electric Power Co. 1 PSCR (2d Dist. NY) 51, 67 (1907). And in a case before the New...
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The Financing of Public Service Corporations

Milton Berge Ignatius - 1918 - 536 páginas
...stream to the extent of impairing its public use. 5. Whether there is any reasonable prospect of a fair return upon the investment proposed, to the end...or no value may not be issued with our sanction." 9 This list does not exhaust the possible considerations, for every important case will bring its own...
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Corporation Finance

Edward Sherwood Mead - 1920 - 504 páginas
...of New York has outlined its method of procedure in cases involving the authorization of bond issues as follows: "In passing upon the application for leave...actually little or no value may not be issued with our sanct1on. "We think that to a reasonable extent the interests of the investing public should be considered...
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Capital Control in New York

Donald C. Baldwin - 1920 - 288 páginas
...scrutinized and that all time necessary to examination, consideration and determination will be used." (5) Whether there is reasonable prospect of fair return...or no value may not be issued with our sanction.' In passing upon the application the Commission considered: The extensions proposed by the applicant...
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Capital Control in New York

Donald C. Baldwin - 1920 - 288 páginas
...scrutinized and that all time necessary to examination, consideration and determination will be used." (5) Whether there is reasonable prospect of fair return...actually little or no value may not be issued with our sanction.3 In passing upon the application the Commission considered: The extensions proposed by the...
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Jordan on Investments

David Francis Jordan - 1920 - 480 páginas
...construction infringes upon vested rights of others ; and (5) whether there is any reasonable prospect of a fair return upon the investment proposed, to the end...but actually little or no value may not be issued. While it is well known that the approval of a public utility commission does not carry any stated guarantee,...
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