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tations in this Schedule III show that under the rates prescribed by the Commission, the Water Company during the test year of 1951 will still continue to suffer a deficiencjr in earnings of $3S}7$9.00 solely because of the failure of the Commission to in­clude in the Railroad Company rate base fixed by the Commission the capital cost of water production facilities actually re­corded on the books as of December 31, 1950, and the estimated cost of additions wrhich will be made during the year 1951. The foregoing figures show that the error made by the Commission in computing the joint facility rent allowance, con­tribute substantially to the overall deficiency in revenues which will exist under the prescribed rates. We shall see when we consider the errors made by the Commission in its computation dealing with the Water Company alone, that such errors also con­tribute substantially to the overall deficiency in revenues under the prescribed rates. -54-