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\ L a s V e g a s L a n d a n d W a t e r C o m p a n y O F F IC E S P a c i f i c e l e c t r i c b u i l d i n g L O S A N G E L E S , C A L . J. ROSS C g A R K , P r e s id e n t, L os A n g e le s , Ca l . C . C . B A R R Y , a u d it o r , Los A n ge les, Ca l . C. P. SMITH, Se c r e t a r y , Los A n g e le s , Ca l . W . H. LEETE, Tr e a s u r e r , L os A n g e le s, Ca l . L A S V E G A S , N E V A D A F . A . W A T E R S , A G E N T , L O S A N G E L E S , C A L . W A L T E R R . B R A C K E N , V lC E - P R E S . AND A G T ., L A S V E G A S , N E V . Los Angeles, August 30, 1980. F ile 443. A. S. Halated, E sq., Los Angeles.* Lear Sir Referring to your le tte r of August 23rd in regard to proposed increase in water rates of the Land and Water Com­pany, at Las Vegas. I have gone over the Auditor*s hooks and find that fo r the six months ending June 30, 1920. The total income from the water distribution was $4849.90. Our expenses, including water purchased!,taxes, supervision, maintenance of connections, maintenance of distribution, water collections, reading meters, e tc ., amounted to $3231.89, a net income of $1618.01, or a p ro fit per month of $269.66. The facilities o rig in a lly representated a considerable investment which has been written o ff from month to month as depreciation, u n til there remains but $264.43 which has been so written o ff. I am a fraid , therefore, that the facts w ill not provide you much of an argument on which to base an application fo r any increase. Yours t m l v .