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<br /> <br />Iill. ",'!.!l,RSOlT: I would like to ask, do I correctly <br /> <br />undorstand your pro:posi tion of ton yoar avera-go .? <br /> <br />. <br /> <br />l1Ro CAHPEHCP:SR~ Yoso <br /> <br />. <br /> <br />HR. HOOVER, Does it have any alteration in tho futuro ? <br />IIil" EMERSON, nXGept by a rovision of tho co.mpQct" <br />UR. HOOVc;I/, Tho ton yoar fiGure is the ton ~oar figure <br /> <br />from now back with no alteration by any futuro gaugings. <br /> <br />ful" CARPENTER~ That's my thought" <br /> <br />t-w.o EiLSRSON;; Excopt that 25 or 50 years from now, it may <br /> <br />bo necessary" <br /> <br />1m. lJORVIEL, Lot me "sk, may tho amount that is to be <br />to <br />arrivod at to be delivorod during .a ton.year period,/ bo deliv- <br /> <br />ored at any time during that ten year period? <br /> <br />till" CARP:;::JIFfER:: That would be tho caso" <br /> <br />. <br /> <br />1m. HORVIEL, In chunks of 1, 2 or 3 during tho poriod. <br /> <br />In any ~ann0r at all during tho period~ <br /> <br />. <br /> <br />1m. CARPI:NTER, Yos. <br /> <br />1m. HOOVER, It isn't a progres8ive avera/So based on ten <br /> <br />years from this day 0 <br /> <br />Lill. HORVIEL, I thinl, its a fixed amount. <br /> <br />1m. CARP3HTER; In arriving at that figuro I take into <br /> <br />consideration tho 20 year average at Yuma" That ~mount is to <br /> <br />bo fixed by ten years back or forward. <br /> <br />. <br /> <br />ER. CALD\7ELL: I woncler now if I understand it. First, tho <br /> <br />. <br /> <br />amount to be dolivored to the lower statos is 6 million; you <br /> <br />say that is v/ha t thoy arc onti tlod to noxt yoar.. Baccd on tho <br /> <br />10 yoars or 20 that have precodod, you have arrived at a figure <br />15th-S.F. <br />23 23 <br /> <br />~ <br />