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Transcription
ment respectively, and you may desire to give consideration to increasing the hook value of #21,053.95 in order that value of physical property will he reflected in the accounts. Should you desire to further increase the capitalization of the I.V.L. & Co., the value of water could he included and, as given in Table ITo. 2, year 1929, the total value of L.V.1.& W.Co’s ? facilities is #308,435.26 which, if capitalized, would he an increase of #227,157.21. The feature of increasing the capitalization is one of policy .and would require A.F.E. for $21,053*95 in the first instance, and $227,157.21 in the second instance without any actual expenditure* The Auditor is required to make annual report to the Levada Public Service Commission and of course the record of amount in Investment Accounts, together with the record of expenses and revenues, are furnished that body; therefore, the information contained in Tables los. 2 and 3 will not agree with that furnished the Commission by the Auditor. Copy of this letter and tables is furnished Hr. McUa- mee in order that he may give consideration to the features involved, and should additional data be required we will proceed with its preparation promptly. ° E. L. Adamson cc - Mr. FvB.McL’amee
