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Transcription
Mr* Wm. iislnhsrdt 4 . September | 0 # I think the foregoing things should be done i®s>«di-ately, if at nil* as promptly as possible the hWkV Company should else divest itself of all industrial lands and other properties except the water department at Lae Tegas now owned by it In the States of Revada and California* These could be transferred to an appropriate subsidiary. X realise that it might take longer to accomplish this than to accomplish the transfer of the water production facilities from the Railroad to the WIMI Company, low* ever 1 think the entire plan should be progressed as promptly as possible so as to leave in the ownership of the hflAM Company only the water production and distri* button system at Las Togas. 1 am proposing the foregoing on the assumption that the ultimate sale of the water production and distribution system by a separate water company to the District would not result is substantial Incone tax disadvantages. This, of course, is a matter which should be earsfully considered by the appropriate departments before the plan above is adoptsd. *m§> * St # Bennett
