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upr000276 136

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upr000276-136
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    This material is made available to facilitate private study, scholarship, or research. It may be protected by copyright, trademark, privacy, publicity rights, or other interests not owned by UNLV. Users are responsible for determining whether permissions are necessary from rights owners for any intended use and for obtaining all required permissions. Acknowledgement of the UNLV University Libraries is requested. For more information, please see the UNLV Special Collections policies on reproduction and use (https://www.library.unlv.edu/speccol/research_and_services/reproductions) or contact us at special.collections@unlv.edu.

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    Digitized materials: physical originals can be viewed in Special Collections and Archives reading room

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    University of Nevada, Las Vegas. Libraries

    La s V e g a s La n d a n d W a t e r C o m p a n y W A L T E R R . B R A C K E N , V i c e -P r e s . a n d Ao t . L a s V e g a s , Ne v . T . E . C O N N O L L Y . As s i s t a n t Ag e n t L a s V e g a s , n e v . Omaha - March 17, 1932. Mr. P. H. Knickerbocker, Vice President, Los Angeles, California. Dear Sirs The water operations of the Las Vegas Land and Water Company at Las Vegas, for the period October 1 to December 31, 1931, since the increased rates have been in effect, show a net profit of $3,692, which is at the rate of 18 per cent per annum on the investment. However, during this period the expenditures for maintenance were quite low, averaging $125 per month, and any large expenditure for pipe line renewals would reduce materially or eliminate the present margin of profit. During the period January 1, 1920, to September 30, 1931, a net deficit of $29,994 was incurred, after including in expenses interest on investment at 6 per cent, and restating for the years 1927, 1928 and 1929, payments to the LA&SL for water on the basis now in effect. The attached statement gives the details of each year’s operations• The increased rates granted by the Public Service Com­mission, effective October 1, 1931, average approximately 20 per cent higher than the rates in effect prior thereto. The application for higher rates was to have been made for a 10 0 C A R L R . G R A Y , P r e s i d e n t . O m a h a . Ne b r . F . H. K N IC K E R B O C K E R , V i c e -P r e s .. L o s An g e l e s , C a l . C . H. B L O O M , S e c r e t a r y . L o s A n g e l e s , C a l . C . C . B A R R Y . Au d i t o r , Los A n g e l e s . C a l . W . F . T R U E L S E N , T r e a s u r e r , Lo s A n g e l e s , c a l . C H A R L E S A D A M S, Ag e n t . L o s An g e l e s . Ca l .