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*cc - Mr* William Reinhardt Mr* 1 Award C* Renwiok Mr* w. H. Johnson ) MXMdUHDtft SO* 2 TOi Mr* 1* X* Bennett FROM* Mr* Roy a* Valia XlXa 8a* g@**$ Subject* tm YXGAS LARD AHD WATER OOMPAHY. Xa ordar that you and Mr* Reinhardt say know the present status of tha Study on tha ha* Yega* Land and water Company, aa wall aa to that tha figures point to, a summary estimate of tha tentative Results of Operation ara hereinafter summarised« further, such preliminary aatlaata was daairod by yourself in ordar to prapara for tha diaouaaioa with Commissioner J* O. Allard la Baa Francisco on Wednesday, Marah lat* J-ife**i«d# while tha final estimates will differ from tha figure presented now, this will afford aa opportunity to aat forth ®°®e of the acre laportaat diffareaeea that result from tha appll- oatloa of certain rate-making prlaolplas that riioitld ha diaousaad ao that poliolea nay ha daoidad upoa as to tha aathods to ha foliowad la aatting up tha study that will he used in preparing tha Applica­tion as well as ths exhibit la the rats prosssdiag bsfors tha Cea- aiasioa* ''tvl ' . ,Vf’1'' STATUS OF WORM* Sufficient study and investigation has haea na&a to afford a gaaaral undsrataadlag aa to tha undertaking, aa wall as to the prob­able operating results of tha Water Conpany that nay be expeated* Mora specifically, fixed capital9 revenue and operating ex­penses have been studied and analysed, to ths sxtsnt that tins and