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Las Yeggs• 8 erode, Mar* 30, 1031, Proposed increase in Pater Bates- Las Yegas* Mr*. F, B« McHamee, I as-enclosing herewith a copy of nm schedule of rates, which ha® been worked up by Mr* Bracken*® of flee. 1 to alm enclosing a statement showing the estimate of revenue that mould bo derived’fro® Ilia rate schedule from the sell set ions sad.® during ©eeewber, 1930, and also a statement slowing tbe expenses of Las Yagas Land and later Company*a water facilities for the year 195© based on a |B0©,000 valuation of water. You will see the aerwlees based upon the new rates would produce an annual revenue of |47t51©,00, while the expenses for the year 195© amounted to $49,454*00', leering a deficit of son® $1900»00, but I m informed that the collection® haw© Increased about f&5*©0 per month cine® ©eaeaber, 193©, that is' there are aoms 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 ©u the new schedule, will be m&m than #2500 in ©sees® of the revenue for the year 1950, while the expeases' will be no larger * You will notice ©a the expense statement that it is computed at 6& and at our conference i» Los Angeles we spoke about §si interest, this difference of about 85? would amount to #5000 per year, but if the business increases &® it has the last few month®, such increase will more than tak# ear© of this expense in­crease, If you think w© should hare another conference wish you would suggest a time and we will come doro and talk it over, fliM like to hare it sesm time around the 15th of April, as we are pretty well tied up her®. Leo A, McHamee