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J* 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 OP TEN YEARS OR / UNT^L PULL AMOUNT HAS BEEN REFUNDED, WHICHEVER OCCURS FIRST, IS THERE NOT POSSIBILITY THAT CUSTOMERS' WATERBILLS DURING / Sj|| R J TEN YEAR PERIOD Wltx NOT BE SUFFICIENT TO MAKE FULL AMOUNT Jill ’i ’ REFUNDABLE? RATHER THAN PAY OVER TO WATER DISTRICT ALL OR PART ? OF/ SUCH ADVANCES IN CASH, WOULD PREFER TO OFFSET AGAINST PURCHASE #RICE, 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. / f; " 'ff-'C'1-' PLEASE FURNISH QUICKLY YOUR SUGGESTIONS FOR REPLY. tilli'life S374 AES