Reply of the Imperial Valley Water Users Association to the Report Made to the H
Reply of the Imperial Valley Water Users Association to the Report Made to the H
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1.
For the sake of argument, we will exclude all value of water rights and real property owned both in Mexico and in the United States and base the value of the property in the United States only upon the outstanding and existing contracts between The California Development Conpany and the settler or water user, which is fifty cents per acre-foot for the delivery of water annually, the perpetual contract price. The maximum amount the company is obligated to deliver being four acre-feet per annu...m at fifty cents per acre-foot on approxi irately 200, 000 acres water rl^ts sold in the U. S. A. , will result in an annual income of $400, 000.
From which deduct, for adrri in i strati on, operation and maintenance, fifty cents per acre IQO. OOO .
Ket income 300, 000.
per annum, or 5$S upon a capitalization of $6, 000, 000.
Table No. 2.
In Table 1 we have only based the income upon the delivery of the water to 200, 000 acres, while the system, at present is practically in condition (with only a slight expenditure for improvements) to deliver water — at the low stage of the river — to 300, 000 acres and at high stage to 600, 000acres.
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To quickly assess the difficulty of the text, read a short excerpt:
1.
For the sake of argument, we will exclude all value of water rights and real property owned both in Mexico and in the United States and base the value of the property in the United States only upon the outstanding and existing contracts between The California Development Conpany and the settler or water user, which is fifty cents per acre-foot for the delivery of water annually, the perpetual contract price. The maximum amount the company is obligated to deliver being four acre-feet per annu...m at fifty cents per acre-foot on approxi irately 200, 000 acres water rl^ts sold in the U. S. A. , will result in an annual income of $400, 000.
From which deduct, for adrri in i strati on, operation and maintenance, fifty cents per acre IQO. OOO .
Ket income 300, 000.
per annum, or 5$S upon a capitalization of $6, 000, 000.
Table No. 2.
In Table 1 we have only based the income upon the delivery of the water to 200, 000 acres, while the system, at present is practically in condition (with only a slight expenditure for improvements) to deliver water — at the low stage of the river — to 300, 000 acres and at high stage to 600, 000acres.
What to read after Reply of the Imperial Valley Water Users Association to the Report Made to the H?
You can find similar books in the "Read Also" column, or choose other free books by Imperial Valley Water Users Association to read onlineMoreLess
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