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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 22 2i 2( O' M I m f#fgsg Land. & la tar Company should be mad® right her#, and I M s was something that f thought j might get torn® information on at this time# El*- FOtOSE? Our rewords are kept la the general office srt Omaha* It is figured cm ©onsumption of water andopr©duotion and things of that kind* fe report dally to our auditor*a office with regard to r»@e,ph« and isfeursemeats* f# deposit in the Firat gatiea&l Bank here daily* MB* SUfOSi But you e&n understud the Ely later Company of the Reno later Company or anybody else ah ©wing their east fa on hand hut no where in your report for the peat ten year® haw® you made any re** port of the oath on hand-* hut make a general statement that is is mixed up with something else and if you dld&H declare any dividend from. 1931 on, there should fee about t®S ,000 cash that your water company owns mud in ths-t whole time they haw® spent about 10 percent in new investments in & growing tern# Ml* FOIiOMf 1 think j m refer t© additions to capital aooeuat* there are also efcerges ofr.operating expenses. For instance, last Say as replaced the ten Inch oast iron main on Clark Avenue at a eost of six to eight thousand dollar®. That was not added' to' Invest' sent account because we already feed a main but it was a replaoemnt a d it was charged to operations* MB* SEXTONf That may fee so* feut again your dsprsoiation ©owes in. If you knock that out of the capital expense for tea years, you have Charged a depreciation on part of that and when you replace that even if you did handle it as capital, p&rt of it should have pome out of your dspreoittion account, Ml* McIAMSl? And was®.it itt Ml* illfOS? I &on*t see where it was, Tou understand when a ra llro&c. has a locomotive that cost them $330,000 and they charge up de­preciation against It up to 30# and whm that locomotive it dee*, troyed they take pert o f it out of capital and charge the rest to depreciation. That might have fee#® done, feut even if it had not 41