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<br />INVESTIGATION OF EXISTING PROJECTS <br /> <br />Preliminary investigations were initiated this fiscal <br />year on the Grand Valley Project to study and prepare a report on <br />the project needs of a rehabilitation and betterment construction <br />program on the Orchard Mesa Division to reduce canal conveyance I <br />losses. This report is scheduled for completion in January 1961 <br />in time for submission to Congress in support of a request for con- <br />struction funds. <br /> <br />SMALL PROJECTS <br /> <br />No loan applications have been received from Colorado <br />organizations. No interest in the Small Loan program has been <br />shown in the past year.'" <br /> <br />MR. STAPLETON: <br /> <br />MR. JENNINGS: <br /> <br />MR. STAPLETON: <br /> <br />MR. JENNINGS: <br /> <br />MR. STAPLETON: <br /> <br />MR. WHITTEN: <br /> <br />MR. JENNINGS: <br /> <br />"Thank you, Mr. Jennings. I would like to <br />take the report back to where you talk about <br />funds contributed by the State of Colorado. So <br />that our audience may know, those are matching <br />funds, are they not?" <br /> <br />"We hope that they will be matching funds. <br />We cannot commit ourselves on that. That is up <br />to Congress to make the appropriations for the <br />matching funds." <br /> <br />"I take it that it is, at least, the Board's <br />hope that they will be matched." <br /> <br />"Certainly." <br /> <br />"Are there any questions from the Board to <br />Mr. Jennings?" <br /> <br />"Bob, what's this trona business?" <br /> <br />"Well, it is a deposit of a sodium compound <br />that is in demand, considerable demand, and it <br />is mined, as I understand it, by a process of - <br />isn't it pumping, Bill? A matter of hot water <br />and dissolving, as I understand it, from depths <br />of six to eight hundred feet. As they mine <br />that out, there is a subsidence of the land that <br />will occur and so the problem has been to deter- <br />mine the nature and extent of that deposit. In <br />the area in which that compound lays they are <br /> <br />I <br />