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<br /><n <br />c <br />C"". <br />C'J <br /> <br />It is Gstilllf'.tcd that $.12,500 of spGcial costs in connection <br /> <br />c <br /> <br />'Il'i th the Adjustment Act vd.ll bo incurrGd in tho opGr1eting year <br /> <br />ending May 31, 19/.2 and the proj8ct opere,tion and maintenance cost <br /> <br />for that year is t~ken as $566,900. For subsequGnt years the <br /> <br />estimate is taken as $554,400. <br /> <br />Due to the illlpossi bili ty of making dependable estimates of <br /> <br />the costs of operation and maintenance over a long period in the <br /> <br />future, and recognizing the uncertain value of at least a part of <br /> <br />the data on which the present estimate has been made, it is <br /> <br />believed that, at least for some years in the immediate future, <br /> <br />the influence of this factor should reflect, as nearly as possible, <br /> <br />the actual costs of the inUllediate past. To this eOO it is proposed <br /> <br />tha t these estimates of operation mrl..nnintenance should be subject <br /> <br />to revision an.rmally. <br /> <br />A further reason for considGring ,nnlwl adjustments for <br /> <br />operation and maintenance lies in the Dossibility of now legislation <br /> <br />or reguletions affecting some ef these i kms, the effects of which <br /> <br />could then be introduced from year to year, ~s they might become <br /> <br />effective. <br /> <br />The estima tes of the costs of operation and mainten,mce for <br /> <br />those parts of the project to be operated by the Agents have been <br /> <br />taken as estimated by them. <br /> <br />Replacement Annuities. <br /> <br />Exhibits 42, 42a, 43, 56, 5613., and 63, collectively, gave the <br /> <br />costs, estimated lives and annuities proposed for the various items <br /> <br />18 <br />