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Mr. Reinhardt; % May 9# 19*9 - > ea tiie basis of Z$% of the revenue® for 5 year®. We doubled the rate and the ter® of refund, iji order to be sure that any bona fide developer would get back his Investment In the water mains. One of these refund oontracts has already paid out £ but the subdivider did not have to wait the full ten years; he received M s investment back In five years six months# Fro® a public relations standpoint f I feel that it would create a very unfavorable reaction if we voluntarily acceded to SomelliniU request, after denying suoh favorable consideration to previous subdividers. 1 sincerely believe we should stand by the policy expressed in your letters of March 30th and April 12th to oppose any modification of the present Rule; then If we are ordered to do so by the Public Service Commission, we can submit the proposed Rule as a compromise. A, M. Folger >