| Show 6 0 E ano FIGURES ON THE 6 LIGHT situation the record liis has remained quite in dependent depend erit and even refrained in tire lire benting data on this situation hut but it Is now time to present facts anil and figures that ithe may know Tak ing 1932 operations of bf the blue tain irrigation Irrig ution company as a sample per ler an n unofficial report at land hand the following data may le ile interesting 1932 REPORT j to the directors of tile nine blue moun loun tain irrigation company coar iny of of the linsan ess done by ithac company for the benr ear deport tendered by I 1 F rater peter jones secretary all atil treasurer Trea and recorded in their minute book 1 RECEIPTS accounts owing win the company collected cash tor for lights Colled collected ted ly by transfer of accounts nc counts t to C A black accounts collected thru labor and orders 19 accounts collected thru liny lilly I 1 IC ca efto to accounts collected thru grain accounts collected coll eted ithra notes 1100 accounts collected f thru flour 3 0 credit at L 11 II redd store OCO oish lish on liand hand at beginning of year ti 61 total of oc 1 kt 7 1213 DISZ DISS payment on oil note 1127 1 1227 10 50 cash paid ito F 11 jones for money borrowed ihor rowed 60 bald V U S co for fuel paid first national rank bank of 1 35 taxes 17 work ton on ripe pipe line ls I 1 sa fio 0 oil ind and riis gas 2321 10 supplies and fixtures water master operating expenses telephone isa t 00 wood at power house SS 0 1 alth nitch work customers deposits 1 cali on hand at end of year pos 0 I 1 total 97 As ithe company is now out oil t of debt the following follo wlm items item nill aill not have to lie again pigment of notes cash paid back ciack F r reter peter jones paid first national hank bank of salt sait lake city total 32 5 tills this total of T 5 is less ac 1 counts owing perhaps and less cash I 1 on liand hand at beginning of year and also less the deposits nr for meters and 1 for water As a disbursement Is noted for customers deposits yet in tile the receipts this item Is not BUS sit altido certainly some money was thus received cither otherwise ii ise why so much jirld out it if the owing was the amount oin st at the beginning odthe of the year the standing of receipts Is materially materi teri illy ally reduced lint but it if tills this is owing at the end of 1932 then it is an in asset especially in view of the excelle ex tilt showing of accounts taken in commodities and transfers not knowing to the contrary one Is justified in supposing j that this rein is a 1932 earring eni nanc and oil ion this basis the total receipts receipt 1 I Is nearly I 1 disbursements are very interesting payments made on indebtedness is i it should lie ile noted that all ditch work for irrigation purposes is on the face of the alie report supposedly charged against the companas comra comp anys nys earnings and that altion water is provided without assessment to stockholders stockholder for service rendered this being the case the water and light services services carried a load of import once ance and have done so for foi an import anit period according to discussion actu actual al operating cost per the statement maide magle by the companas comp anys nin manager nager are not high and a net 5 10 0 percent profit on oil ithe receipts Is revealed or at least for that bear ear was that a broil boji year were collections extra lad bad that year many believe that ly by providing liet licit ter service and rates rate ft a larger gross total ot of receipts will be re tor for water and light in mantl cello and at a cost not higher than herein indicated separation of water wa er and light earnings does not seem to tie ile anade la kd e in in t the he above statement 47 I 1 being all clasi as recel receipts pits tor for light which may lie nn an error in transcribing yet tile the statement shows clearly that revenue is ample to justify a fair service anil and this has not been received as people would have it II |
