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<br />I <br /> <br />We have tried to work out a plan <br />which would produce additional water for <br />the users here in ths valley. If this <br />plan materializes that we are developing, <br />100,000 feet annually will make available <br />additional water because we could shortly <br />get out of debt with that type of additional <br />delivery and also then make additional <br />water available for users and that is our <br />only purpose to salvage the water that is <br />being wasted. <br /> <br />We have now reached the point in this <br />state's history where we can no longer have <br />water to waste. We can salvage water which <br />is now being wasted which will, in turn, <br />make additional water available for use <br />in the valley. <br /> <br />The State of N~~~~~i~, through its <br />water salvage, has ~i%.~~~~a its indebted- <br />ness to the State of Texas and we feel <br />certain, from our engineering studies, that <br />we can do the same here and we are willing <br />to work it out anyway that seems to be <br />suitable for the people in the valley. <br /> <br />I <br /> <br />In the final analysis, this project <br />will be of immediate assistance and lasting <br />benefit to the people in this area. So if <br />you have any particular question later, we <br />have here people who, some of them, have <br />spent almost a lifetime in this valley and <br />are acquainted with the aspects of it. <br />Some of our professional people, Mr. Bud <br />Sweet, who you have known for many years, <br />and Gene Whitten, our state engineer, are <br />intimately acquainted with the situation <br />down here and have a factual basis for <br />their decisions. That is all this Board <br />is interested in -- factual matters. And <br />fears and hysteria have nothing to do with <br />our day to day operation. <br /> <br />So they will go into a little more detaH <br />and give you a little more detail about <br />the plan. So I wills top at this point. <br /> <br />(Applause) <br />