Hydraulic systems are widely used as a power transfer and/or power control system due to its flexibility, controllability, accuracy and high power density. Valve controlled and/or pump capacity controlled systems are normally adopted as a control device, but nowadays pump speed controlled systems are emerging as a new energy-efficient hydraulic control system. In this paper the pump speed controlled system for the cylinder position control of a counter balance circuit is investigated by simulation study and position control experiments were carried out. As a result, the possibility and efficiency of the pump speed controlled system were verified.