Full text: Valuation, depreciation and the rate base

THE VALUE OF WATER-RIGHTS 27 
cumstances attending each such sale and of the specific needs of 
the purchaser in each case, these sales, nevertheless, have some 
effect upon the market value of water-rights showing as they do 
what a purchaser may, under certain circumstances, be willing 
to pay for water. 
Both Mr. Herrmann and Mr. Anderson were witnesses for 
the plaintiff in the Spring Valley case. Mr. Chas. H. Lee 
appearing for the defendant, that is for San F rancisco, added 
the following estimates of net water-right values: 
1. Culture exclusively citrus (Southern Cal.): 
Per million 
gals. per day 
Lugonia Water Co. near Redlands. . . . . ER rT $154,000 
San Antonio Water Co. near Ontario. . . . . . . Ta I, . 142,800 
Del Monte Irrig. Co. near Pomona. . . . . . an A 00,000 
Temescal Water Co. near Corona. ......o a6 sued an | 69,600 
Gage Canal Co. near Riverside. .................. , 73,500 
Redlands Water Co. near Redlands. . SESE A 8 52,400 
San Dimas Irrig. Co. near San Dinas... LO, 51,500 
2. Citrus and diversified crop (Southern Cal.): 
Per million 
gals. per day 
Santa Ana Irrig. Co. near Redlands. . . terrace veel $43,500 
Alta Mutual Water Co. near Riverside. . SR rm mtn rg EE, 42,500 
Thermal Belt Water Co. in Santa Clara River Valley ........ 42,500 
Riverside Water Co. at Riverside. ......... ..... 14,700 
Los Nietos Ditch Co. near Whittier. . Sil Artal 13,200 
South Side Improvement Co. in Santa Clara River Valley. . . 2,860 
3- Diversified crops, no citrus (Southern Cal.): 
Per million 
gals. per day 
Banning Water Co. near Banning. ................. $37,400 
Moneta Water Co. near Redondo. . . ....... Ss : 23,200 
McKenzie Ditch Co. near San Bernardino. . | Sis 13,200 
Stout Ditch Co. near Redlands. ........... .. re 12,100 
Puente Water Co. near Puente. ........... leis WL 2,400 
Arroyo Ditch Co. near Downey, i... 2,300 
Little Lake Irrig. Co. near Norwalk. /.0 sy A Ty 1,000 
For more northerly portions of the State of California where 
water is more abundant and where the demand does not yet 
approach the limit of possible development, Mr. Lee lists the 
following: 
art 
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