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<br />LET\rER OF TRANSMITTAL <br /> <br />\ <br /> <br />DEPARTMENT OF THE INTERIOR, <br />- OFFICE OF THE SECRETARY, <br />, Washington, D. C., December 30,1957. <br />Hon. RICHARD M. NIXON; <br />President of the Se~ate, <br />Was~ington, D. C. <br />DEAR MR. N rXON: 'transmitted herewith is the first annual report <br />on the status of the Colorado River storage project and participating <br />projects as required by section 6 of the authorizing act of April 11, <br />1956 (70 Stat. 105). I <br />The Department also has in progress preliminary repayment <br />studies. They are associated, among other things, with hydrologic <br />conditions, time neede4 for reservoir filling, and the schedule of c\)u- <br />struction of the projec~. The Department contemplates keeping the <br />legislative and approp*ation committees informed of the results of <br />these studies. , <br />Attached also is a cppy of the statement "Hydrologic Bases for <br />Financial Studies ColOI;ado River Storage Prol'ect, Revised December <br />1957." In consideringlthe processes of initia storage, many factors <br />must be taken into qonsideration. These factors are now being <br />studied by the Depa~tment and by the States concerned. The <br />statement recognizes tijat changing conditions must be appraised in <br />relation to formulation land &!,plieation of operational rules. A final <br />operating rule has not 11>een adc:>pted. . <br />Sincerely yours, ' . <br />j FRED A. SEATON, <br />Secretary of the Interior. <br /> <br />lIT <br /> <br />