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Show WTf?0S8 City Attorney Insists Com-, pany Stand by Self-fixed j i Valuation. j Representing .Salt Lake Ci'.y, a pro- j testant, in the liiaticr o:' t-.o apj.'heation . of the Utah Gas & Coke company for an incrcase in its gas ra'.es. lit ard before the public utilities commissi on, 'W. J 1 . J Folland. city attorney, has filed his brie:', j in which he contends that the only proper ' va Uia i ion of tj-C gas con: pany's prorieriy which may be taken into a 'count by the commission at pre sen t is that fixed by the commission itself last April. This cave a valuation of some two and a quarter million dollars as of January 7, 1 1910. - - ! At the recent hearing the sas company j filed a purport ed new valuation, based on average prices for the past two years, and claimed a valuation as a rat e-piak-Ing basis of something like $1,000,000 ;:ore '.h.ia the value fi:;ed by the eom-:ir.',-:ij!i M'-. i'olhiud savs the commission must st:-.nd I v :he vai nation that it hself fixed a a hearing until those figures have :'.h.-r ! een fornt.illv attacked or appeal ..a bi-eu lakeu. lb- arm.Ca that waiT.n prices aia not accepted by . couinussioiu.-iu couinussioiu.-iu C'ther jurisd ct ions. : ,!t gas company had ;ishcu a net i'C-t'jin i'C-t'jin of an on t s per cent on me ihgher i filiation, or one w-udi would amount to about 1: per cent on the former valua- 1 lion. Mr. Holland contends tr.at aiiom . per c-nt is a proper return to be ahoweo a pu'ulic utilitv. lie points out lha; tiie l'Ou' value of the company. -containing not only aU m-niev invested in the plant, but also that invested in residence property mar the plant and all the losses of the tympany from its organization to date is more than - three mi Hi on dollars a nd about the. figure fixed In the latest ap-piais.-t! by the company's engineers. We argued thai this is not a proper basis for rati' fixing. |