Canada at War: SASKATCHEWAN: Power Play

Saskatchewan's busy CCF Government was achieving socialism by capitalistic methods. Four months ago it took over the Dominion Electric Power, Ltd. (13 plants in Saskatchewan, seven in other western provinces) by buying control for $450,000. Last week Provincial Treasurer Clarence M. Fines and Natural Resources Minister Joseph L. Phelps revealed the rest of the power play:

¶The province had sold the seven plants outside Saskatchewan to a private buyer for $250,000 (5% down, balance in 60 days).

¶Next the Saskatchewan Government would buy up for $493,000 all outstanding preferred stock in the...

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