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Sheet 5 of 6. A Page 3Sb Coat1d. Following is a breakdown of the total amount as of December 31> 1949 subject to refunds Charged to Investment - $220,579. ll| - 1 H: HI 6,755.79 Unadjusted (i'.O. 629) - ____975.00 Total subject to refund $223.310.04 The above indicates about 3ia# of the unrefunded balance capitalized instead of the 10# used in adjusting the totals. it is to our advantage to handle as has been done am simply calling this to your attention. is not Uhile I realize in the report, Page 4o. Since it is estimated that 70# of the advances will be refunded and on the basis that the Pate Base is to be reduced by the estimated unrefunded amount, the amount to be deducted should be 30# of the unrefunded advances instead of 70# which has been deducted in the report. This will require revision in Tables “E", "F" and "G-M of the Appendix and will increase the rate base in each case by very substantial amounts. For instance in Table 11E" computed on Investment basis, the increase for the year 1949 would amount to about $57,000. The word "Customer11 in the last sentence of Note 1 should be changed to "Sub-divider". Page 4l. Tabulation: * f ? , As previously stated in my letter of June 30, 1950 to Mr. Bennett, I believe it more appropriate to show the word "deficit" in each of the three columns for the Item "Rate of Return" rather than a "red" percentage figure. The results of operation as tabulated are for the year 1950 and should be so indicated. These figures will require some modification due to corrections noted elsewhere. Page 49. Average Dollar Billing, etc. Text refers to chart which follows, which chart is not in copy of report sent me. Table "A". Should be corrected to conform with revised statement forwarded Mr. Reinhardt with my letter of July 18, 1950. This eliminates the item of redwood pipe, $650.00 and changes Investment Cost from $712,045.22 to $711,395.22. Also changes the footage and cost of the various sizes of pipe as shown in detail of Acct. 321. Revised total 326,113 ft. (instead of 324,020) and no change in total of $702,062.44.