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upr000276-168
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I agree.% 9S15-3-W Los Angeles, Oct. £1,1931 W M 3 - Omaha F-105 1. Valuation claimed before Commission Physical property $81938,05 Water rights 800478 Total £88403,05 During hearing value water rights reduced to $73800 and in subsequent discussion to $30000* £, Valuation allowed for rate making From $81988.05 Commission deducted depreciation since 1911 of $19584.48 making present value $68403,63. Water rights as in Reno case were valued at $8000 per second foot. Average use 8.46 second feet but 3 allowed making $6000* 3. Present investment $81988.05. K-656 Physical property Water rights Working capital $68403.63 6000. 3000 Total $71403.63 V H K 3:08 PM OCT 21^31 LTJ-SRV