The Semicentennial Celebration of the Founding of the University of California
The Semicentennial Celebration of the Founding of the University of California
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In our eReader you can find the full English version of the book. Read The Semicentennial Celebration of the Founding of the University of California Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Semicentennial Celebration of the Founding of the University of California
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The risk to the investor on account of the greater initial cost and higher fixed charges is, therefore, much greater for the water power plant than for the steam plant. Moreover, in case of failure there is a greater salvage in the steam plant. The land and buildings may be abandoned and used for other purposes, for they are generally located near the point of utilization or in a city, whereas a water power plant, like a railroad, can only be used for the purpose for which it was designed and c...annot be abandoned and given up to some other use. The investor in a water power plant must, therefore, be prepared to face fixed charges of from two to five times that of a steam plant per horse power; and this of itself would be sufficient to deter investors from entering this field unless favorable conditions should exist both as to development and utilization and freedom from undue interference by public authorities. Furthermore, as already stated, the initial development in a water power plant must be greater relatively than in a steam plant.
What to read after The Semicentennial Celebration of the Founding of the University of California?
You can find similar books in the "Read Also" column, or choose other free books by Berkeley University of California to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The risk to the investor on account of the greater initial cost and higher fixed charges is, therefore, much greater for the water power plant than for the steam plant. Moreover, in case of failure there is a greater salvage in the steam plant. The land and buildings may be abandoned and used for other purposes, for they are generally located near the point of utilization or in a city, whereas a water power plant, like a railroad, can only be used for the purpose for which it was designed and c...annot be abandoned and given up to some other use. The investor in a water power plant must, therefore, be prepared to face fixed charges of from two to five times that of a steam plant per horse power; and this of itself would be sufficient to deter investors from entering this field unless favorable conditions should exist both as to development and utilization and freedom from undue interference by public authorities. Furthermore, as already stated, the initial development in a water power plant must be greater relatively than in a steam plant.
What to read after The Semicentennial Celebration of the Founding of the University of California?
You can find similar books in the "Read Also" column, or choose other free books by Berkeley University of California to read onlineMoreLess
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