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Form 2191 B c .s . TO-2 7-300,000-U TE&EGRAM SYMBOL X C LA SS O F S E R V IC E R E Q U IR E D Indicate by X in proper line Px Preferred Immediate delivery the class of service required. Dx Day Delivery during day Do not specify preferred service if other service will Tim e Filed M Nx Night Delivery by next morning answer the purpose. | lag© Z - FHK repaired is an agreement providing fo r Railroad Company to convey and d e liv e r water o f the Water Company to las Vegas fownsite, 5. I t is not considered advisable to make application fo r ehange in rates at the present time, as Water Company does not sustain a loss through sale o f water under existing arrange­ments. When new agreement, mentioned in Item 4, becomes e ffe c tiv e and sale o f water continues at present rate then Water Company w ill sustain loss, and follow ing renewal o f franchise in 1924 application can be made fo r raise in rate and, at that time, Water Company w ill be able to show a material loss while Bailroad Company w ill ju s tify payment o f rental to i t by la te r Company fo r use o f f a c ilit ie s in accordance with proportion o f use. As compared with water service to average municipalities the. rate applied fo r , and now e ffe c tiv e , is very low but was accepted fo r reason that Water Company wished to develop the City and had an abundance of water fo r this purpose, 6, Water Company could take over Boulder Bam Syndicate Franchise, i f same were properly worded, and in s ta ll water mains, but guarantee o f in terest, taxes and depreciation would not be satisfactory account fin an cial condition and standing o f Syndicate, This action not recommended as when boom, caused by Boulder Bam project, dies down there w ill be a period o f d eflation and loss of population, fhe conservative course o f permitting outside companies atop extensions, executing suitable contract with Water company,