upr000092 33

(bcc - Mr* E. Mr. R. Mr. W. Mr, F. Mr. L. E. L. H. A. R. Bennett (2) Adamson ) Hulsizsr ) Hubbard | Maag (2) f June 26, 1952 Mr. Dames M« Xontgeaery Consulting Engineer 15 North Oakland Avenue Pasadena 1, California Dear Mr. Montgomery: In aeeordance with the understanding between you and Sir. M&asc. of my office, 2 have this date handed you three copies of a 3-paga statement dated dune If, 1952, showing a comparison of values arrived at in the appraisals Pre­pared by engineers for the Railroad Company and your of­fice ueting as engineers for the later District. The attached statement is divided to show separately reproduction cost new and reproduction coat new less de­preciation, together with a summary showing a comparison of the results developed by the two appraisals and the differences developed therein. fhe summary also shows amounts representing total ad­ditions for the period, January 1, 1951, JjjJ*** 1 These additions were developed by taking the vestment cost of additions separately for the J u n c t i o n Facilities and Distribution Facilities and applying the following percentages to bring them to the basis oi re­production coot as of May 1, 1952t Production facilities* 155.025 recorded investment cost plus 5* to cover freight and 2.7065* to cover overhead percentages, resulting in a total of #62,206. Mflfcrlbdfrlan Keel lit iaa.: 1172,290 recorded investment cost plus 6 .359! to cover overhead percentages,result-isag li a total of | l « 3 , m .