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§ I it figure a t which the property owned jo in t ly B the Water Company and the Itailroad Company d a rn ed to the production of water, could be acquired* While no firm commitment was made fo r the reason i t could a ct be d e fin ite ly determined how much o f the properties the D istrict might acq u ire, i t was ten ta tively stated that the value would he w ithin ten p ercen t,p eith er upward or downward, o f $8,000,000.00 Spokesmen fo r the Water D is trict fu lly appreciate the d if f i c u lt ie s attendant t© fin an cin g the purchase ©f the prop- I y erty and bringing in water from lake Head. It is expecting a f a c i l i t y report from Oresley ft Hanson, which made it necessary to give some approxim&tlon o f the value o f our water f a c i l i t i e s . In the discu ssion , the D is trict seemed to think i t ’ V ; fe-'ilifi ?*' would he necessary to finance a p ro je ct o f about $12,000,000.00 to adequately meet the demands o f Las Vegas. This emphasises the inadequacy o f the present rates being charged fo r water in Las Vegas, and the inadequacy o f our return on the value o f our water f a c il it ie s * M anifestly, this a ttitu d e on the part of tha Water Board w ill fu rth er support an a p p lica tion fo r increase in rates which Mr. Beinhardt has in mind should be applied fo r at as ea rly data. L. k• Barnes•