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I #66,000.00 face value of Its six per cent (6$) serial ‘bonds and its note la the sum of #5,500.00. The Canal Company also asks authority to exeeute a mortgage securing the pay­ment of the bonds. Said mortgage to be in substantially the same form as the mortgage attached to Application Humber 2641 and marked Exhibit "C”. It further requests this Commission to fix the rates which it may charge to those who use the canal• The Canal commonly known as the Horth Riverside and Jurup© canal was constructed in 1888 and 1889, for the purpose of irrigating some ten thousand acres of land lo­cated west of the city of Riverside. For a description of the canal and laterals, reference is hereby made to Exhibit ”A ” attached to this Opinion and Order. The Canal ana laterals are nineteen miles in lengthand have a carrying capacity of from 2000 to 2100 inches. Rogers Development Company develops no water, but it and its predecessors in interest, have sold to the land owners, the right to carry or have their water carried through the canal. Counsel for the Canal Company alleges that these carrying rights were sold at the average rate of about #50.00 per miner’s inch. Exhibit nD ” attached to the application Ho. 2641 snows that the original cost of the canal with only earth construction was #196,000*00. There was an additional expenditure of #18,000.00 for concrete and cement work, making a total cost of #214,000.00. Mr. Hawley, Hydraulic Engineer of this Commission, has made an examination of the canal and reports the repro­duction cost thereof at #195,856 and the reproduction cost less depreciation at #180,731. 2