upr000255 99

Las Vegas - February lo, 1954 Hr. James M. Montgomery 15 North Oakland Pasadena, California Dear Mr. Montgomery: hcc: Mr. Wm. Reinhardt Mr. E. E. Bennett Referring to your verbal request for financial data relative to operating expenses, gross receipts and number of consumers of the Las Vegas Land and Water Company for the year 1953, I am fur­nishing you herewith the following figures, which I am informed will appear in our Annual Report for the year ending December 31, For your information I might explain that the item quoted “Joint Facility Rents * shown above represents amounts paid the Union Pacific Railroad Company for water furnished prior to August 1, 1953, which is the date when production facilities were taken over by the Las Vegas Land and Water Company. Operating Income Joint F&oility Rents (January 1 to July 31, 1953) Operating Expenses faxes Operating Revenues (Gross) Total Revenue Deductions | 4 1 0 , 478.25 16^,507,63 215,519.61 Net Income 92,505.21 72,002.42 / Net Credits to Profit and Loss During Year 1953 (Note: This item 10,741.09 includes approximately 1 1 1 ,300 donations for fire hydrant connec­tions less 1559 uncollected accounts written off, leaving balance of |10,74l.) FEB 121954 u c. c.