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man000177-134
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I agree.. F . C. 6-1 -5 1 and 1 -8 -5 2 LAS VEGAS LAND AND WATER COMPANY. DEPOSITS FOR EXTENSIONS. (Data extracted from Pages 40 and 41 of Rate Case Exhibit "A”) ? a - - * * * * * * * * * - * - * # # * - * * * * # * * The unrefunded amounts of deposits made with the Company utility by developers of real estate subdivisions were as follows, totals being the accumulated totals for the last day of the year shown* Last Day of Year Accumulated Total End of 1944 1945 1946 1947 1948 1949 1950 1951 .$ 5,390.42 22,637.75 48,160.50 83,895.39 107,019.17 208,147.97 263,524.63 not yet available These deposits, made by the developers of the real estate subdivisions, generally included a 20% surcharge on the cost of the installation when work was done by the utility, explained as an overhead charge for supervision etc. The 20%, while subject to refund, was not capitalized by the utility for inclusion in the rate base ( So Wehe said). AMORTIZATION OF DEFENSE PROJECTS. ( Data extracted from Page 17, Table 1, of Exhibit «AW of the Rate Case-1951) The Land and Water Company amortized the following expenditures during the War years 1942, 1943, 1944 and 1945, charging same off as operating expense: 1942 $ 7,342.19 1943 17,920.17 1944 36,802.17 1945 98.418.28 $ 160,482,81