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Mr. K n ic k e r b o c k e r : #2 A p r i l 11, 1953 tensnee as the Railroad company did, which was only a small item. I© believe that this charge should not exceed #500.00. We also note that we are paying 75.12 per cent of six per cent interest and four per cent reserve on the entire investment, which includes such items as housing over Big Spring and 12 inch R.C pipe installed in 1911. On this item we will pay $£30.27 in 1933, although after deducting four per cent reserve for £2 years there remains only #460.53 in the aeeount. This same basis of charges will apply in accordance with date and amount of investment on each item included in the joint facilities. In 1918, s 16-inch vitrified clay pipe line, costing $3850.21, was installed by the Railroad company, but was never placed in service; however, this amount is still carried in the capitalization, on which we are paying interest and reserve. »e are cognizant of the fact that the increase in our proportion of the charges from 60 to 75 per cent is due to the lesser consumption of water by the Railroad at Ras ¥@gas, and that the settlement of this account is purely an intercompany transaction; but we feel that the monthly charges should not be allowed to grow out of roportion and that consideration should be given at this time to reducing the high charge for Maintenance and Operation, and eli linatiag the interest charges on that portion of the joint facilities that have been retired. Yours truly, waiter s. "Mackes; Vice ^resident and Agent