Shrewd little Premier Adelard Godbout last week introduced in Quebec's legislature a bill to: 1) create a five-man Hydroelectric Commission, thereby putting the Province in the power business; 2) expropriate, by April 15, the $210,000,000 Montreal Light, Heat & Power Cons. Said he: "[This bill] will change the economic life of the Province."
Along narrow St. James Street (Canada's Wall Street) in Montreal, financiers twitched and twittered: this was a step toward nationalization of all Quebec's water power, which generates 53% of Canada's hydroelectricity. There was nothing the financiers or the...
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