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Sierra Water Company owned "by Rogers Development Company. If the canal company ©.an borrow the $3,500.00 by issuing its note for one year or less, it will be unnecessary for it to obtain permission from the Commission. If for any reason, it should develop that applicant is unable to obtain the necessary $3,500.00, under the terras and conditions, as anticipated at the time of this hearing, it may make Sup-lemental Application to the Commission for such authority as may be necessary in thepremises. Attached to Application No. £664, (Exhibit "B"} is a tentative schedule of rates which West Riverside Canal Company asks this Commission to approve. This schedule of rates provides for an annual oharge of $8.00 per inch to have water carried through the canal, of which $5.00 is to be paid on or before January 10 of each year; $1.50 on or before May 10 of each year; $1.50 on or before August 10 of each year. The operating expenses, interest and sinking fund payments ©re estimated as follows Salaries and wages including office expenses, telephone etc................... ..$4,800.00 Cleaning Canal and Indidental repairs........ £,400.00 Taxes,.................... ............... . 1,000.00 Interest on $60,000. at &§>..................... 3,600.00 Profit or sinking fund................ ...... . £,000.00 TOTAL 13,600.00 It estimates that approximately 1750 inches of water will be carried through the canal at the rate of $8.00 per inch, which would yiled'a revenue of $14,000.00 The rates proposed by West Riverside Canal Company are designed to take care only of the operating expenses, bond interest and sinking fund payments. Other than the $£000.00 sinking fund payment and the $3,600.00 bond interest, they make no allowance for a return on the investment. While I am willing to recommend that West Fiverslde Canal Company be given authority to put its proposed rates into effect, I do 7