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mjSm Am mm mm the materiel im available* m* iUrtoltMi man be feaok harm Thursday os* Friday next' week «sd work the balance of the week* includ- Saturday. it la believed that the draft figures *s he will set them up should he available at the close of Monday, March Iflth, or Tweedsy* Sarah im. Be will forward theae drafts to mm in San Francisco, and 1 will return thee aa quickly aa possible in final fora for your OK and for final reproduction. § • Results. It this time* we have prepared earns preliminary estimates* utilising the Original dost Basis for the reworded year 1960 and for the foreoaat year of 1961. These may be summarised* as follows i imt im dross revenue do* fieieney to yield HP return * Present review $100*960 #87*171 Am per initial report with B0 Federal tax 76*898 46£ Federal tax 94*907 Tariffs submitted were estimated to yield ep* proximofeely #90*000 a year increase in gross revenue. mmx to m -mm 1 » Am mom mm basic material available* winy out program as outlined above* A review of 1980 recorded figures indicate* a very substantial Increase in many ef the items. In ay opinion* it is necessary that we know the major reasons for such increase in operating costs* both from the point of view of being able to explain at the hearing what occasioned such increase as well as to have the basis for making the 1961 estimate* In this respect* we have analysed the payroll and material costs free the monthly reports dealing with the operation of the- LA&^MiKCo*, and no further work need be done on that point. However* other items of expenses