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t% i* sy opinion that ^ ia not m mmmtm ones fop mglneering on reproduction of pip# H oAoltlow such as included la this appraisal and Z do not th ink we should M d M any change at the present tins. 1 sails* Hr. H, tf„. Cellists?* hats and Appraisal Manage fop ths Southern California Has Company as* vhiss isotna tosidl ©tihfsjltP l cihaasr wgoer kf orw ase nIgineering i M super­hs divided m to engineering apnd* fa to psruopbearvbilsyi owno*uld Icast sa iltsso* s ftoapts adl lth aotf ti®h st hosvieprh eeasdt iemxapteesn steh wehyi acphp liis eSdG Jf of ths total labop cost. Ce) Ifttimt .ItelBg, A three ysar construction period has hssii estimated fop reproduction of facilities included la this aepsptpiamlastael awnhdi cahn Iisn tceornessitd Pearteod otfo h4o$ aIs e eanssssunmveadt iasv eb eing mtohnse lyo wteos ftl pnaaatoss oaf plrnotjsercsts t oft hatth ics ousiltds h*s ohtalnsd on With regard to ths construction period* it Is assumed that on a reproduction basis ths fasllltlos of both tli,# hater Company and Railroad Company would hs constructed onto a stalls spoilt and not as ssparats units* Yhere otphss oaapspfrcolxnismAa Wtaetleyr 4 C6o9*m0p6a0n yl lannsda Rl aiflarsto adof C poimppasn yH a s in wfoacuilldi htise sn*s ssOssna trhyi st ob aeseispsl aertied carn a a v3e-ryasgaer posf rbleotdt oItr ptrhoabna ibil§y sllonpssa pli fpass t11 nosf ptihpasn wHoausl dp ho sp deaoysp wlhsitcsdh iIsn say one day* On ths basis of S ysars it would ho neeeeear y to complete an avsrags of sore than US® llnsal fast preerst d paeyr a dnady *o n Ithns v biaeswi so f oft h1s yasboavre *a nI atv weorualgde osfe e1n610 ctohnaste rav actoinvset.ruction psrlod of 3 yssrs Is m y It Is trot that If a 3-ysar oanstrustlon psrlod was aosvseurmheeda di mtd w olualbdo r stuob sctoannsttiraulclty &iaes rftaasslel ltthloo cs hianrvgoel fvoerd and ths ousts included la ths appraisal are not based on a forded progran suoh as would be Involved to cao m2p-lyeetaer paelrli oodf* ths pips linos and fasllltlos within Mr* Hulsiaer* a letter indloatss that possibly a saonnds Itrfu meotnltohns p fsrolro Wda tofe r2 C4o mmopnatnhys f afsslrl Rlatillorso waodu flads blleltlos ample and that Interest rats to be appllod should no t