upr000265 38

4. In the following tabulation I have endeavored to forecast about what the operating results of the,Lae Vegas water supply plant for one year would be if the LVL&W Co* entirely owned and operated it. The figures are for the year 1941, and except as noted are those ac­tually stated or recorded for the year. The results for 1942 will be larger both in revenue and in expenses, the latter particularly in the items of depreciation and taxes. The investment also will be substan­tially increased. Revenue from sales of water to private customers ) (1,434,687,800 gallons or 198,487,674 eu. ft. ) (The revenue equals 4.34 cents per 1000 gallons ) or 3.246 cents per 100 cubic feet ) Revenue from sale of water to C.P.R.R.Co. ) (255,047,468 gallons * 34,094,885 eu. ft. (For purpose of this statement estimated at g 3/4 cents per 100 cubic feet Total revenue $64,436 9,376 73,811: Expenses and taxes (omitting 8# interest on U.P. investment) Mormal maintenance LVL&W Depreciation GTeanxeesr al and admin, exp*enses LVL&W normal maintenance CPRR Depreciation (calculated on individual classes of LA&SLRR Improvements aggregating Ta$x2e4s9 ,7(8c6a.l3c3u laatt e1d2 /a3t1 /14 13)/.4# - the basis named by Charles Adams — on recorded cost of LA&SL RR Co. land and improvements, $284,772.21 net income (not allowing for interest paid or payable, which may be around $17,500 eu maximum sum of Indebtedness) Investment at 12/31/41i LVL&W LA&SL Total - 4,532 1,394 7,387 12,965 1.250 Set, 5,360 Est. 4,984 Est. 37,872 132,544.72 284.772.21 $417,316.63 3/ 5-n^940 ' f i r * ?>r Estimated return on combined investment ($36,940 * $417,317) 8.61#