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( C O P Y) Omaha - April 25, 1950 704-55 Mr, Wm. Reinhardt - Los Angeles (CC-Mr, W. H. Hulsizer) This refers to your letter of March 20, 1950, file 1-7334, to Mr. Hulslzer, and his letter of March 27, 1950, file 5705.1 to me, with copy to you. Information with respect to the items referred to in your letter is as followst 1, Instances where Subdividers did not receive com­plete refund of costs incurred by them in the construction of water pipe lines, pursuant to Rule 9-G. Amount Refunded Work Subdividers and charged to Order Subdivider Cost Investment 440 Blltmore Homes, Inc, $ 9,458,36 $ 9,000.00 459 454) 456) Tlffendale Homes, Inc. 15,903.94 14,550,00 Ernest Allen 10,511.71 9,150.00 464 Huntrldge Development Co, 14,241.95 13,174.70 470 Huntridge Development Co. 5,656.23 4,644.64 2, There were no Instances as of December 31, 1949, where contracts with Subdividers, covering the construction of water pipe lines, pursuant to Rule 9-A, had expired before com­plete refund of costs were made. 3. There were no pipe lines acquired by the LVL&W Co. for nominal consideration, or for delinquent water bills, in which the appraised value of the pipe lines were capitalized at amounts in excess of the contract consideration. In this connection, as a matter of information, we acquired under Work Order 253, cast Iron water pipe lines in­stalled by South Nevada Land and Development Company, who pur­chased water supply from LVL&W Co* These facilities were valued at $7,735,00 and represented original cost less 2# depreciation for four and 1/2 years. Acquisition also included 79 lots and some wooden water mains, the latter being deemed worthless, and were replaced under Work Order 241. This property was conveyed to LVL&WCo. in consideration of the aggregate of the outstanding unpaid water bills due LVL&W Co,, plus the aggregate of the ac­counts receivable due the Land and Development Company,