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Mr. Wm. Reinhardt - Los (CC-Mr. W. H. Hulsizer) April 25, 1950 704-35 W M . R. APR 28 i^O This refers to your letter of March 20, 1950, file 1-7334, to Mr. Hulsizer, and his letter of March 27, 1950, file 3703.1 to me, with copy to you. Information with respeet to the items referred to in your letter is as follows; 1. Instances where Subdividers did not receive com­plete refund of costs incurred by them in the construction of water pipe lines, pursuant to Rule 9-c . Work Order Subdivider Subdividers Cost Amount Refunded and charged to Investment_____ 440 459 445564 464 470 ) Biltmore Somes, Inc. Tiffendale Homes, Inc. Ernest Allen Huntridge Development Co. Huntridge Development Co. $ 9,458.86 15.903.94 10,511.71 14.241.95 5,656.23 # 9,000.00 14,550.00 9,150.00 13,174.70 4,644.64 2. There were no instances as of December 31, 1949, where contracts with Subdividers, covering the construction of water pipe lines, pursuant to Rule 9-A, had expired before com­plete refund of costs were made. 3. There were no pipe lines acquired by the LYL&W Co. for nominal consideration, or for delinquent water bills, in which the appraised value of the pipe lines were capitalized at amounts in excess of the contract consideration. Sfei A 1 f In this connection, as a matter of information, we acquired under Work Order 233, cast iron water pipe lines in­stalled by South Nevada Land and Development Company, who pur­chased water supply from LVL&W Co. These facilities were valued at $7,735.00 and represented original cost less 2% depredation for four and 1/2 years. Acquisition also included 79 lots and some wooden waiter mains, the latter being deemed worthless, and were replaced under Work Order 241. This property was conveyed to LVL&W Co. in consideration of the aggregate of the outstanding ?unpaid water bills due LVL&W Go., plus the aggregate of the ac­counts receivable due the Land and Development Company. 27 1950