Electrical news and engineering . tains the cash payment and discount. He sends the trade acceptance to the bank, which deducts the discount, theservice fee. and the 10 per cent, deposit, and sends the proceeds back tothe contractor. On the same day, the bank sends a letter, coupon bookand full instructions to the customer, who in turn makes his monthlyits to the bank. Thus the customer has the advantage of buyingsh price on a time payment basis; the contractor obtains all of hisicy except a 10 per cent, deposit which is refunded at 6 per cent.:rest when the customer has made all his payments;
Electrical news and engineering . tains the cash payment and discount. He sends the trade acceptance to the bank, which deducts the discount, theservice fee. and the 10 per cent, deposit, and sends the proceeds back tothe contractor. On the same day, the bank sends a letter, coupon bookand full instructions to the customer, who in turn makes his monthlyits to the bank. Thus the customer has the advantage of buyingsh price on a time payment basis; the contractor obtains all of hisicy except a 10 per cent, deposit which is refunded at 6 per cent.:rest when the customer has made all his payments; and the bankmade a profit on its deal. payme October 15, 1919 THE ELECTRICAL NEWS What is New in Electrical Equipment Cuts Down Your Light BillsWhere the price of electric current per is a factorof any considerable importance in the sum total of onesmonthly bills, the appliance illustrated herewith is of veryreal value in reducing those bills. This is an appliancewhich gives a graded amount of light, and, of course, at the. same time uses graded amounts of current. By a slighttouch of the chain some twenty gradations from full onto out are obtainable, and though consumption of currentis not exactly in proportion to the amount of light giventhroughout the whole range, the saving is very considerableindeed. The actual facts in connection with consumption andsaving, using this device, were recently published by tin-Bureau of Standards as follows. st 01 Watts Full WatConsumed - Candle FullCandle-po 1 (On) 100 100 8 HI .it.:. :s2.:i sii.:, i ; :i! ;.ii :, ;(.-). :l 6 7 a »i«> ; 9 (i •1 :..:. ii ; 1 .->o a is.:, n.:..-. 4 :; 11 Be ..u ni 5-16-17-18 Not Recorded. 9 24 B irely Incandi scent (Out) This dimmer, which has been given the trade name ofAny lite, is manufactured by the Anylite Electric Com-pa
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