Pulp and Paper Magazine, Vol. XIII, No. 20, October 15, 1916 / A Semi-Monthly Magazine Devoted to the Science and Practice of the Pulp and Paper Manufacturing Industry with an Up-to-date Review of Conditions in the Allied Trades.

by Various

LAURENTIDE POWER COMPANY.

An offering is being made of $1,500,000 Laurentide Power bonds at 90 and interest.

The segregation of the Laurentide (Paper) Company’s water powers last year, to the Laurentide Power Company, created a new and very powerful factor in the hydro-electric situation in the Province of Quebec, and particularly as regards Montreal.

The new company was formed by the Laurentide (Paper) Company, with a capitalization of $7,500,000 of common shares, and the money derived from the sale 5% par value of first (closed) mortgage bonds, due 1946, and $10,500,000 of these securities was used to finance the development of the water power to a present capacity of 125,000 horse-power.

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