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upr000158 78

Information

Digital ID
upr000158-078
Permalink
http://n2t.net/ark:/62930/d1ht2jk37
Details
Member of
Conveyance of water owned by LVLWC through pipelines owned by Los Angeles and Salt Lake Railroad Company (LASLRRC)
Rights
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Digital Provenance
Digitized materials: physical originals can be viewed in Special Collections and Archives reading room
Publisher
University of Nevada, Las Vegas. Libraries

E E. B. APR l 1947 3 6 - /S' Loe Angeles, 1 Mr. R. M. Sutton: (cc- Mr. Frank Strong Mr* W. H. Hulelser Mr. E. E. Bennett) ApR 1 7847 Referring to your file D 386-4, letter of March 21, regarding the basis of rental charged LVL&WCo. by LA&SLRRCo. under Contract Audit No. 7322. It Is my Judgment the Interest and depreciation rates and the tax allocation which were In reasonable amounts when the contract was originated, should in view of the con­ditions now existing, be materially revised. Members of the Nevada Public Service Commission and of the State Tax Commission when considering the Las Vegas Water Plant have repeatedly protested the rental as being ex­orbitant and unjustifiable. concrete structures, pipe lines and wells,ex­cepting derricks, at 2 percent, frame housing and derricks at 4 percent, and pumping equipment at 10 percent; with respect to taxes: the various members of these commissions have protested the Inclusion of taxes I would recommend: the Interest rate be reduced to 4 percent, that separate depreciation rates be established for