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f e e t por second; Las Vegas Land and Water Company 2 . 3 cubic f e e t per second; and 3 . 3 2 cubic f e e t per second was a p p ro p ria te d f o r a farm owned by the Las Vegas Land and Water Company. I n the year 1930 Las Vegas Land and Water Company consumed an average o f 2 . 4 6 cubic f e e t per second, measurements being made by water m e te r ; the b a la n c e o f 9.,698 being consumed by the r a i l r o a d company, ranch la n d , and t h a t wasted. The A p p lica n t has placed on th e se water r i g h t s a value o f $ 3 0 , 0 0 0 . 0 0 per cubic f o o t per second, o r $ 7 5 0 .0 0 per .miner’ s in c h . $ 2 0 0 , 4 7 5 . 0 0 i s the amount claimed as a water r i g h t v a lu e , based upon 6 .6 8 2 cubic f e e t por second, which i s the t o t a l amount used by the water company, the ranch , and t h a t which was. vnsted during 1930. The r a n c h . o f 750 a c r e s and to which 4 . 2 cubic f e e t por second o f water i s flovmng, and on which the company d e r iv e s a r e n t a l o f $ 2 8 0 0 .0 0 per year i s re p o rte d as o u ts i d e e a r n i n g s . The ranch- w i l l c a re f o r i t s e l f and i t s o n ly r e l a t i o n to th e o p e r a tio n o f tho water company f o r p u b l ic s e r v i c e s i s the water which may be withdrawal f o r domestic and commercial s e r v i c e in Las Vegas, as p o p u la tio n and b u s i n e s s i n c r e a s e s , in which event the c a p i t a l o f tho water company vri l l i n c r e a s e in p r o p o r tio n to tho value o f the water r i g h t per cubic f o o t por second. I n tho Reno L ig h t and Water Case, Judge F a r r in g to n approved a water r i g h t value o f $ 2 0 0 0 . 0 0 per cubic f o o t por second, based upon the a c t u a l amount b e in g used, and not the amount which had been a p p ro p ria te d , which was claimed by the u t i l i t y . Wo are o f the o pinion t h a t water a t Las Vegas would not have any g r e a t e r value than t h a t devoted to the p u b lic s e r v i c e in Reno and Sparks, and t h e r e f o r e a v alu e o f $ 2 0 0 0 .0 0 por cubic f o o t por second, based upon 3 cubic f e e t per second, which amount i s in e x c e s s o f t h a t