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upr000277-028
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I agree.Hr* Jeffers 11—7—29 Olsrh*© lm Vega® fowneit© mcmtlxmee until KOventor, 1134, By pursuing the method fetrtls indicated, w© ©r® not required to waif© any ri^its already acquired mider existing franchise© md perm it©•* la this connection incident to study being md® preparatory to presentation of our ©to© to the Oommieeion, it to© developed ttot th© Land and later Company1 © water facilities at Las Vega© are carried in Investment Account at #81,379.05, while according to Valuation Department ctudy the Investment Account would carry 1103, 333.00. this last named figure does not include the value of the water itself, which is estimated by the Valuation Bepariment to to 1300,000,00* Al~ though it 1© felt that our case can probably to sucoeeefully handled before the Commission without increasing the booh value above that now carried, l ©toll appreciate advice as to whether or not any change in the Investment Account should to considered at this time. f i it. inickerboetor ^ T I. B. m v 1929 9