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upr000017-106
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I agree.Please advise if you agree with me in this, and what rate of interest you think would he proper to use in arriving at a basis for a rental charge,’ also whether you do not think that in arriving at the basis for a rental we should use the local rat for insurance at Las Vegas,' rather than the rate used by the Rail road Company in its insurance fund. I will take the estimate provided in Form 30 as being the cost of the houses, but do not know how we can arrive at a proper figure to be used as an estimate for repairs and renewals. What per cent, would you think of the cost of the house would be a safe estimate of cost of repairs and renewals? Yours truly',’ Vice President & Auditor