228 VALUATION, DEPRECIATION AND THE RATE-BASE 
Culture exclusively citrus: 
Per million 
gals. per day 
Lemon Cove Ditch Co. on Kaweah River. ................ $25,400 
Rosedale Water Co. on Tule RIVer. .. aie vive « sivsisluisleleiainlos 23,200 
Citrus and diversified crops: 
Per million 
gals. per day 
South Tule Independent Ditch on Tule River. ............. 5,070 
Diversified crops, no citrus: 
Per million 
gals. per day 
Bishop Creek Ditch'in Owens Valley... LLL UL LL LLL, 3,100 
Clark Colony Water Co. in Owens Valley........... 0 3,100 
MeNally Ditch Co. in Owens Valley... 0 ih 3,100 
Owens River Canal Co. in Owens Valley. ............. ; 3,100 
Roberts DitchiCo. near Colusa... LL LLL EE DEER As ; 1,160 
Watson Ditch Co. near Visalia... LL. on nal .. . 2,560 
EvansiDitch!Co. near Visalia... Lo Lh . 2,012 
Murphy Slough Assoc. on lower Kings River......... 1,040 
Rawson Ditch'in'Owens Valley. .........L............ . 1,040 
Consolidated Peoples Ditch on lower Kings River. ......... 870 
OakesiDitchiCoinear Visalia. Lo. SL 580 
Poplar Ditch Co. onTule River... fs iLL, 21% 
Mr. Lee cites also a few canal companies for whose water- 
rights no value is demonstrable from the market value of stock 
in the canal company. These were omitted from the above 
enumeration. 
The above figures are not presented to show the value of 
water in regions where society already demands full utilization, 
but rather to show that with the demand for a higher use of 
water which must come as the pioneer region gradually changes 
to a densely populated territory, the value of the water-right in 
any such country as that under consideration, where nature has 
set a limit to the available supply, must go up.