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TkS well and reservoir cost approximately #70,000.00. Hew 16 and 24 lack mains were laid from the reservoir to the railroad yards, at which point the city mains take out. All these facilities are owned anfl maintained exclusively by the Los Angeles & Balt Lake Railroad Company, the valuation of which is placed at #177,147.88. The Las Vegas Land and Water Company in turn pays rental to the railroad company, prorated on the amount of water used. Previous to April 1, 1929 the water com­pany paid a flat rental of #200.00 per month for this service. The last nine months of 1929 the rental was #975.00 per month, and during 1930 it was raised to #1 *433*56 per month. At the hearing a written protest was received signed by 239 con­sumers of water, who were represented by counsel. The main protests were against the rates for auto oamps, bungalow courts and rates pre­scribed feu* watering lawns, etc. Those rates were declared t© be ex­cessive and inequitable with other classes of service. If mere time had been available many more protestants in other classes of service would possibly have testified. HE VALUATION OF PHYSICAL PROPERTY From exhibits introduced and also from the company’s annual re­ports a value of #81,928.05 was placed on all physical property owned solely be the Las Vegas Land and Water Company; #19,524.42 of this has been retired since 1911 through depreciation. The vlu© at the present time is #62,403*63* Ho appraisal of this property was made, and consequently the commission has no idea what reproduction cost would be at this time. BE RENTAL OF RAILROAD FACILITIES 1® railroad facilities used by both companies is #177*147*68 -3 On testimony given and exhibits introduced, the value of the \ Construction 8 1