upr000288 63

f 8 In the developsant of the fixed eapital fl^area, such questions arise as to the allowance for water right*, a®t **»• respective weights that may be accorded to "lavestwmt eoat", original cost, and to present day replacement eest, aa wall m to the deduction for depreciation* in addition, the natter of the proaont market value of land (aa the same la to be included is the original coat estimate) ia lapertant in the wholesale cost of eater, there ia no lend on the hVU&Ce* system. During tha ear years, certain distribution eater nalns cere asua^tiaed at the expense of income, Historically, the mounts « a e aa follows t •fho physical plant facilities represented by these amounts are all used In rendering water service. Another item la in reference to the advance* made by real eatate subdivlders. The monies advanced that are subject to refund at 80$ of the c us toner's water bill steed at #803,149 aa of Deeeu&er 81, 1849. Coat of Water t Dnd«p *Cest of Water* aa now paid by X»VI^«Co, are charge* predicated on* Amount Amortised 1948 48 44 48 Total # 7,848 17,980 36,808 1 - The undepreciated fixed capital of tha kA&SOtBCe. 3 - Depreciation at the rate of 4$.