OCR Text |
Show -46- managed, would pay a fair rate of interest on the following valuations: Cultivated in grains, $50 to $100 per acre. " alfalfa, $100 to $150 " " " " sugar beets or cane, $150 to $200 " " " deciduous fruits, $150 to $750 " " " " citrus and tropical, $250 to $1500 " " " general farming, $150 With this statement, I offer the following figures, which very roughly explain my idea of what should be done and the profits that may be derived from the lands and water rights under the Central Canal. Possible profits from Central canal, assuming that the water is equally divided between the Company's lands and the Govt. lands; Price of Govt. lands Water Rights Total 25,000 acres $10.00 250,000 25,000 " $12.50 262,500 50,000 " $15.00 750,000 50,000 " $20.00 1,000,000 50,000 " $25.00 1,250,000 200,000 acres $3,512,500 Price of Co. lands Land and Water Total 25,000 acres $30.00 750,000 25,000 " $35.00 875,000 50,000 " $45.00 2,250,000 50,000 " $55.00 2,750,000 50,000 " $70.00 3,500,000 200,000 acres $10,125,000 Total receipts from land and water rights, $13,637,500 Value of canals cost price, $ 2,120,573 $15,758,073 |
Source |
Original book: [State of Arizona, complainant v. State of California, Palo Verde Irrigation District, Coachella Valley County Water District, Metropolitan Water District of Southern California, City of Los Angeles, California, City of San Diego, California, and County of San Diego, California, defendants, United States of America, State of Nevada, State of New Mexico, State of Utah, interveners] : California exhibits. |