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Transcription
Form 2191-B 11--43-1M M RMS 2 5/5/53 (1) YES. (2) No. (3) NO ANSWER REQUIRED. (4) NO ANSWER REQUIRED. (5) EXPENDITURES INCURRED FOE WORK PERFORMED AFTER SEPTEMBER 1, 1952, UPON ALL PROJECTS IN COURSE OF CONSTRUCTION ON THAT DATE AND ON A fit. PROJECTS STARTED AFTER THAT DATE SHOULD BE ADDED TO BASIG PURCHASE PRICE, (6) NO ANSWER REQUIRED BECAUSE SECTION 1(G) HAS NO APPLICATION TO COMPUTATION OF PURCHASE PRICE. IN APPLYING SUBSECTIONS (B) AND (C) OF SECTION ELEVEN IT IS MY VIEW THAT TIME WHEN LABOR ACTUALLY PERFORMED AND MATERIALS ASSIGNED TO A PROJECT IS THE GOVERNING FACTOR AND NOT WHEN ACCOUNTING IS COMPLETED. HOWEVER IN APPLYING SUBPARAGRAPH (C) OF SECTION ELEVEN IT IS MY VIEW THAT TIME WHEN WATER COMPANY TAKES INTO ITS ACCOUNTS EXTENSIONS CONSTRUCTED BY OTHERS IS THE GOVERNING ^ FACTOR. B-48 ^ UNION PACIFIC RAILROAD COMPANY „ _____ TELEGRAM_____ : E E B
