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upr000062-279
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I agree.m Capital Baee^ Investment original Coat f*weent*i4y Coat it la of interest to observe that If the prodactlo® t# treated as an integrated part of the V&fcer Utility and a re- t®m earned on the ocseined pr©pertlea, the results are Identical with those heretofore presented, wherein the production -“ntnmrr */Gh/ey ie treated ae a separate enterprise wholesaling water to the Im Vegas Land and water Company, Such uniform treatment earrlee with it the necessity of utilising comparable capital b&sea and tax rates, This latter compilation ie set forth In Table P, Smount # 63,676 4 as#227 ^148,980 ^J£j| iSpSWs. 89.754 68.48f 66.81$ C.I ll+l'CS