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AS I UNDERSTAND IT, CONSTRUCTION ADVANCES OP $338,082.45 REFERRED TO, ARE AMOUNTS PAID BY CUSTOMERS UNDER RULE 9 (A) OP PUBLIC SERVICE COMMISSION'S REGULATIONS REFUNDABLE TO CUSTOMERS AT RATE OP 50 PCT OP CUSTOMERS' MONTHLY PAYMENTS FOR WATER (RECENTLY REDUCED TO 35 PCT) OVER A PERIOD OF TEN YEARS OR UNTIL FULL AMOUNT HAS BEEN REFUNDED, WHICHEVER OCCURS FIRST. IS THERE NOT POSSIBILITY THAT CUSTOMERS' WATERBILLS DURING TEN YEAR PERIOD WILL NOT BE SUFFICIENT TO MAKE FULL AMOUNT REFUNDABLE? RATHER THAN PAY OVER TO WATER DISTRICT ALL OR PART OF SUCH ADVANCES IN CASH, WOULD PREFER TO OFFSET AGAINST PURCHASE PRICE, EITHER BY REDUCING (A) CASH BALANCE PAYABLE OVER TWENTY YEAR TERM OR (B) AMOUNT OF BONDS TO BE TAKEN AS PART OF PURCHASE PRICE. UNQT. PLEASE FURNISH QUICKLY YOUR SUGGESTIONS FOR REPLY. S374 AES