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\ feet per second; Las Vegas Land and Water Company 2.3 cubic feet per second; and 3.32 cubic feet per second was appropriated for a farm owned by the Las Vegas Land and Water Company. In the year 1930 Las Vegas Land and Water Company consumed an average of 2.46 cubic feet per second, measurements being made by water meter; the balance of 9.69$ being consumed by the railroad company, ranch land, and that wasted. The Applicant has placed on these water rights a value of <30,000,00 per cubic feet per second, or $750,00 per miner's inch. $200,475.00 is the amount claimed as a water right value, based upon 6 ,6S2 cubic feet per second, which is the total amount used by the water companv, the ranch, and that which was wasted during 1930. The ranch of 750 acres and to which 4.2 cubic feet per second of water is flowing, and on which the company derives a rental of $2$00.00 per year is reported as outside earnings. The ranch will care for itself and its only relation to the operation of the water company for public services is the water which may be withdrawn for domestic and commercial service in Las Vegas, as population and business increases, in which event the capital of the water company will increase in proportion to the value of the water right per cubic foot per second. In the Reno Light and Water Case, Judge Farrington approved a water right value of $2000.00 per cubic foot per second, based upon the actual amount being used, and not the amount which had been appropriated, which was claimed by the utility. We are of the opinion that water at Las Vegas would not have any greater value than that devoted to the public service in Reno and Sparks, and therefore a value of $2000.00 per cubic foot per second, based upon 3 cubic feet per second, which amount is in excess of that