...other evils "securities . . . issued upon the basis of fictitious or unsound asset values having no fair relation to the sums invested in or the earning capacity of the properties," and "securities . . . issued by a subsidiary public utility company under circumstances...

...consideration, including all fees, comtnissjtios, and other remuneration to whomsoever paid, to be given In connection with such acquisition is not reasonable or does not bear a proper relation to the sums prudently invested in the property of the applicant and its subsidiary...

...••seta, the consideration. Including all fees, commissions, and other remuneration, to whomsoever paid, to be given, directly or indirectly. In connection...of the utility assets to be acquired or the utility atMta underlying the securities to be acquired: or "(8) such acquisition will unduly complicate the...

...already set forth there appears to be no ground for finding that the consideration, including fees, is not reasonable or does not bear a fair relation...earning capacity of the utility assets to be acquired. It appears that the amount of the purchase price was arrived at by arm's length bargaining. The acquisition...

...jurisdiction as to 26 8. BC whether, in the event VEPCO is the successful bidder, the consideration is not reasonable or does not bear a fair relation...invested in or the earning capacity of the utility assets underlying the securities to be acquired in accordance with the standards of Section 10 (b) (2). Also,...

...that the consideration, including all fees, commissions, and other remuneration, to whomsoever paid, to be given, directly or indirectly, in connection...reasonable or does not bear a fair relation to the sum invested in or the earning capacity of the utility assets underlying the securities to be acquired....

...detrimental to the public interest or that of investors or consumers ; or that the consideration for such acquisition is not reasonable or does not bear...the sums invested in or the earning capacity of the underlying utility assets; or will unduly complicate the capital structure of the holding company system...

...acquisitions if the consideration including all remuneration to whomsoever paid is not reasonable and does not bear a fair relation to the sums invested in or the earning capacity of the utility assets underlying the securities to be acquired. Under Sec. 10 (b) (3) we must not approve if such acquisition...

...find that the consideration to be paid by the Michigan Company for the assets which it is to acquire does not bear a fair relation to the sums invested in or the earning capacity of such assets, the absence of any such finding and the Commission's approval of the proposed acquisitions...

...the Commission is required among other things to find that the consideration is reasonable and bears a fair relation to the sums invested in or the earning capacity of the assets themselves or those underlying the securities acquired. Up to April 30, 1938 we have handled...