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Water Rights 9® amount haa teen included in this item. m the 1950 decision of the Nevada ComrJ. salon, dealing with the lent Increase la water rates, an allosanee of $9000 was recognised by the Con- mi salon. the Company had claimed some #900,000* The allowance, as you win resell* was baaed upon #9000 per cu* ft* per second of water produced and utilised by the water Company. Such allowance was set 5 on. ft* psr saeond. Currently with a flow of approximately IS cu« ft* per second* of which the water Company utilises t§,®t|S based upon 1940 dlvieioa of the water* the value of tbs water rights would te in excess of $50*000. A decision as to the Company** position on this matter will te deslrcble* Revenues; the I960 estimate reflects an increase of #11*610 in water revenue. It is planned to show detail as to master of customers* revenue from each class* as wall as population figures in the final aatimate. This may te neaf**#10,OOO than the estimate herein used as rats of growth is declining. in 1949* total revenues of #909*590 rafleeted Kisoel* revenues of #5*956*97* ms amount included $1740,00 for water service eonnCotiona at the rate of #6,00 per eenneetlon. It would appear te me that sueh payment might tetter te treated as a credit to the expense incurred by the Company in making the eervlee extension from the water min te the curb. Treating it aa a revenue creates a tax liability. Further the Company's expense