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<br />-;"<.->. <br />;..<>.~ <br /> <br />.~.~t:ij) <br /> <br />Since the adoption of the FirBt'Progress Report, Arkansas-White- <br /> <br /> <br />Red Basins Inter-Agency Committee actions with respect to price levels <br /> <br />and primary and Beoondary benefits are as follows: <br /> <br />Price levels <br /> <br />The Chairman. Arkansas-~hite-Red Basins Inter-Agenoy Committee, <br />received a letter da:tedOotober 5, 1951,' from ttla .A.dtirigCh~i rman of <br /> <br />. .... <br />the Federal Inter-AgeboyRfver' Bas'in 'Conuii:lttee; "which' ad'v:Lsedthe Com- <br /> <br />mittee had unanimously adopted the Statement on Price Levels, dated <br /> <br />, .. <br />. ... . <br />August 28, 1951, by i tsSuboommittee on Benefits and Costs .., This" <br />statement supersedes pages 16 to 21 of the i-eportdatedM~y 1950 by <br /> <br />... . <br />the SubO'ommi tteeon'13enefi ts and 'Costs ,Federal I~ter~Agency River <br /> <br />" , <br />Basin Committee.' Suminaryofrec'&imnendli.t10n~coritained inth~ statement <br /> <br />. .. . .. . <br />on prioe le1rel s 'as: adopted by' the" Federal'Inter-Agency River Basin Com- <br /> <br />mittee ' are 'that: <br /> <br />"(1) The long-term projected prices. 'Eisset forth intheattaoi1ed <br />tables, su~plemented and ad,juste~...as, neoessary I be u~ed in <br />" 'evaluating an. benefits' '0,1' projeC~S:;as well'asan costB <br />ofoperat:lo'ri, niain'terianoe:,'ref(agemeritS and,~ndefi'ni te or <br />.. ,deferredconstruot{on' o't' "p'ojeds." PrJ'-cesO,urrent at the <br />time ofanalysisshouldheu:se<;l' for est:lmating ci,onstruction <br />and :lnstallation oostsof pi-'Oj eota or portio,ns' or a program <br />expeoted to be placed under oon'struction withinapproxi- <br />"'mately five years after the econoiniq analysis'.' " <br /> <br />-:J< .) ,--" <br /> <br />"(2) ,The Subcolli1littee on Benefits' and COBte be. authorized to <br />establish a continuing Paneion Pri.oe Levels w.i th the <br />responsibHity of rec'onunending rev1SionB in the estimateB <br />of long-term projeote'd prices whenever necessary." <br /> <br />The ArkanBas-White-Red Basins Inter-Agency Committee considered <br /> <br />the Statement on Price Levels at its informal meeting on December 22, <br /> <br />1951. For purpoBes of this report, it has been assumed that the <br /> <br />3 <br />