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si IV Vi I Las Vegas, Vetmda, Mar. 30, 1931, Proposed increase in water Rates- Las Vegas, Mr, F, l, BeMesiee, I a® enclosing herewith a copy of new schedule ©f rates, which has been worked up by Hr, Bracken*® office, X «a also enclosing a statement showing the estimate of revenue that would he derived from this rate schedule from the collections made during Leeember, 1930, and also a statement showing the expanse* of Las Vegas Land and Water C«*pasyrs water facilities for the year 1930 based on a $300,000 valuation of water. You will see the services based, upon the new rates would produce an annual revenue of $47,510.00, while the expenses for the year 1930 amounted to $49,454*00, leaving a deficit of bomb $1900<*00, but I an informed that the collections have increased about $35,00 per month since December, 1930, that is there are some fifteen or twenty new services being Installed each month, and it is ex­pected that by the end of this year the annual revenue, if based os the new schedule, will be more than $2300 in excess of the revenue for the year 1930, while the expenses will be no larger. You will notice on the expense statement that it is computed at S> and at our conference in Los Angeles we spoke about &fa Interest, this difference of about 6$ would amount to $5000 per year, but if the business increases as it has' the last few months, such increase will more than take care of this expense in­crease, If you think we should have another conference wish you would suggest a time and we will come down and talk it over. Would like to have it some time around the 13th of April, as we are pretty well tied up here. I Leo A, KoWame*