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- 'n.o_~_ 'ftj.'" ~.'<_ . ~ ~ ~ There were no salary increases for the classified, or annually paid employees during the year, other than periodic "Ramspeck" increases. Because of the sound financial basis upon which the Boulder Canyon Project was conceived and is being operated. there seems to be no reason to look ahead with any apprehension whatever. The power contracts guarantee the full return of the costs of project op- eration until 1987, and provide also for amortization of the advances to the Colorado River Dam Fund, on sound formulae prescribed, as well as for replacements of the properties. These contracts are all with power allottees of unquestionable financial responsibility. .1~ I/kad During the approaching months, three additional generating units, aggregating a total generating capacity of 215, 000 KW will be placed in service. It is not because of any lack of planning that these new units will probably not result in any higher production or in- creased revenues, since these are basically influenced by avail- ability of water each year, except as they might help to reduce unproductive spills or releases of water, such as last occurred in 1941. Rather, these units will enable the project to better supply the needs and requirements of the allottees who requested their in- stallation and Who are undertaking the obligation of their amortiza- tion, replacement, and operating costs. !; i' , I' ':+, I' I 1'1 " ,;;,' 'Ii ,Ii! j'!' i I The coming mooths will also see further aggressive action toward solution d the perplexing Boulder City problem. We are looking to- ward a gradual transition from a Government-owned and controlled town to a normal, self-governed community. i':'> ~:Jl ,I' jl.t d,~ fl:: Hi ~,_il; h ,~t.. .I'i' ','li i ,1r~ !f :)i , I' ,Ii 'I' f