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Exhibit No. Witness LAS VEGAS LAND AND WATER COMPANY Year End Investment of Las Vegas Land and Water Company in Water Facilities at Las Vegas, Nevada for January 1, 1931 to December Investment Beginning Improvement Year of Year During Year Distribution 31, 1951. Investment End of Year 1931 1/S 82 668 t 2 267 4 84 935 1932 84 935 147 85 082 1933 85 082 85 082 193M- 85 082 9 637 94 719 1935 94 719 4 275 (red) 90 444 1936 90 444 90 444 1937 90 444 717 91 161 1938 91 161 2 671 93 832 1939 93 832 l 779 95 611 194-0 95 611 8 489 104 100 1941 104 100 28 445 1 3 2 5U 5 1942 132 545 72 864 205 409 1943 205 409 90 577 295 986 1944 295 986 24 336 320 322 1945 320 322 98 531 418 853 1946 418 853 31 819 450 672 1947 450 672 51 284 501 956 1948 501 956 52 171 554 127 1949 554 127 153 173 707 300 1950 2 /. 711 395 124 188 835 583 1951 835 583 137 364 972 947 1/ Difference between ^81,928, valuation of all Physical Property owned solely by the Las Vegas Land and Water Company as found by Commission in I&S Docket No. 52, and '82,668, represents the cost of General Equipment amounting to ^740. 2/ Difference between year end investment for 1949 of '707,300 and investment beginning of year 1950 of '711,395 represents the cost of Office Furniture and Miscellaneous Property, amounting to ^4,095 previously omitted and therefore investment restated.