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I Insofar as deviation from the above princi- ples may have hereto for or may hereafter become embodied in any law, rule, regulation or prac- tice, Denver reserves the right to continue to work for the repeal or adjustment of such law, rule, regulation or practice, to require its conformance to the basic principles above refer- red to. Denver does not consider itself to have waived or to be estopped from the exercise of this privilege by virtue of the exercise of its own choice of timing for implementing its efforts to secure adherence to the basic principles above referred to unless it shall have done so by the official and deliberate action of the Board of Water Commissioners of the City and County of Denver.' Making an application to the exact situa- tion as at present, we examined with great care the letter which had been prepared by Mr. Spen- cer and after that examination, telephoned him and made a record of that conversation, a copy of which has not yet been transmitted to him because this occurred very recently. We were well pleased - very much pleased - with Mr. Spencer's views as to the scope of the possible investigation. The City of Denver owns a decree to the waters of the South Platte River as they flow through the Two Forks Reservoir site dated in 1904. Denver owns rights from the United States Government with respect to the right to fill this reservoir and also owns a very sub- stantial part of all the land needed to build the reservoir. I The question asked about the capacity of the reservoir is of great importance to Denver because, in any development, we would envision a coordinated development with the City of Denver so that this reservoir might be a completely multi-purpose reservoir, sharing not only for Denver's needs and for the flood control needs and general storage needs in the South Platte Valley, but also for power generation, and recreation requirements of this very heavily populated area of our state.