In order to illustrate the important bearing which interest has on cost, I have prepared graphical representations of the cost of current, including interest, under conditions of varying load factors. For the purpose of this chart I have assumed an average cost of current, so far as operating and repairs and renewals and general expense are concerned, extending over a period of a year, although of course these items are more or less attested by the character of the load factor. For the purpose of figuring interest, I have selected seven different classes of business commonly taken by electric light and power companies in any large city. Take, for instance, an office building. It has a load factor of about 3.7 per cent., that is, the average load for the whole year is 3.7 per cent. of the maximum demand on you for current at any one time during that period; or, to put it in another way, this load factor of 3.7 per cent. would show that your investment is in use the equivalent of a little over 323 hours a year on this class of business. This is by no means an extreme case. You can find in almost every large city customers whose load factors are not nearly as favorable to the operating company, their use of your investment being as low as the equivalent of 75 or 100 hours a year. Take another class of business, that of the haberdasher, or small fancy goods store. As a rule these stores are comparatively small, with facilities for getting a large amount of natural light and little use for artificial light. The load factor as shown by the chart is about 7 per cent., the use of your investment being not quite twice as long as that of the office building. Day saloons show an average of 16 per cent. load factor; cafetiers and small lunch counters about 20 per cent., while the large dry goods stores, in which there is comparatively little light, have a load factor of 25 per cent. and use your investment seven times as long per year as the office building. Power business naturally shows a still better load factor, say 35 per cent., and the all-night restaurant has a load factor of 48 per cent.