EXHIBIT 3. Communication from the City Electric Company, with financial statement for the year ended December 31, 1908: To the Honorable Board of Supervisors, San Francisco, California. February 8th, 1909. Gentlemen:-Pursuant to your Resolution No. 3083 (New Series), we re spectfully submit herewith statement of City Electric Company: Subscribed and sworn to before me this 8th day of February, A. D. 1909. CHARLES EDELMAN, Notary Public in and for the City and County of San Francisco, (Seal) EXHIBIT 4. Communication from Metropolitan Light and Power Company, with statement of receipts and expenditures during year 1908: San Francisco, California, January 28, 1909. To the Honorable Board of Supervisors, of the City and County of San Francisco, State of California. Gentlemen:-Referring to your Resolution No. 3083 (New Series), adopted December 21, 1908, the Metropolitan Light and Power Company begs to submit the following statement as required by said Resolution: ANSWER NO. 1. The following is a detailed statement showing all revenue derived by such corporation from all sources for the year ending December 31, 1908: Revenue gas sales ANSWER NO. 2. $293,325.80 The Metropolitan Light and Power Company submits an itemized statement showing all expenditures made for the manufacture and supply of gas for the year ending December 31, 1908: The Metropolitan Light and Power Company submits as follows: The original cost and the estimated value of the plant: Original cost of plant No. 3 B.-Estimate present value of plant $6,207,599.78 ANSWER NO. 4. The Metropolitan Light and Power Company submits the amount of capital stock of the company outstanding, the amount of bonds of the company and the amount of floating indebtedness: Leopold Michels, being duly sworn says that he is the President of the Metropolitan Light and Power Company, and that the foregoing statement of its affairs is full, true and correct. LEOPOLD MICHELS, Subscribed and sworn to before me this 5th day of February, 1909. (Seal) EXHIBIT 3. Communication from the San Francisco Gas and Electric Company, with statement of receipts and expenditures for the year 1908: STATEMENT OF THE SAN FRANCISCO GAS AND ELECTRIC COMPANY. To His Honor Mayor Taylor, and the Honorable Board of Supervisors, of the City and County of San Francisco. Gentlemen:-Pursuant to your request the San Francisco Gas and Electric Company, begs to submit the following statement for the year 1908: Total gain for year-Sales of gas and electricity $ 420,359.55 SAN FRANCISCO GAS AND ELECTRIC COMPANY, John A. Britton, being first duly sworn, deposes and says: That he is the President of the San Francisco Gas and Electric Company; that the above and foregoing statement of the revenues and expenses of said Company for the calendar year 1908 is true and correct to the best of affiant's knowledge and belief. JOHN. A. BRITTON, (Seal) INVESTIGATION IS RESUMED. The Board of Supervisors met on February 24, 1909, for the purpose of resuming the investigation preliminary to the fixing and determining of heat, light and power rates for the year commencing July 1, 1909, and ending June 30, 1910. The Board resolved itself into Committee of the Whole with Supervisor C. A. Murdock in the chair. The Committee of the Whole subsequently reported as follows: That it has heard the testimony of John A. Britton and Edward C. Jones, President and Chief Gas Engineer, respectively, of the San Francisco Gas and Electric Company, concerning the value of the properties of said company, and of S. L. Naphtaly, Engineer of the City Electric Company, relative to rates for electricity. That the following matters filed with the Board of Supervisors have been considered by the Committee, admitted in evidence in the pending inquiry, and designated exhibits as follows: EXHIBIT 6. San Francisco Gas and Electric Company, analysis of statement filed with Board of Supervisors, in matter of rates to be fixed for gas for fiscal year 1909 1910. (Filed February 23, 1909.) EXHIBIT 7. San Francisco Gas and Electric Company, statement for 1908 of assets and liabilities, manufacturing account, income and expenses, gas manufactured and used, mains installed, meters in use, regulators in service, appliances rented, services connected and number of consumers. (Filed February 23, 1909.) EXHIBIT 8. Mutual Electric Light Company, statement of receipts and disbursements for the year 1908, original cost of plant, estimated present value of plant, amount of capital stock, bonds outstanding and floating debt. (Filed February 24, 1909.) The Committee recommends that the report of A. M. Hunt, Gas Engineer, with appraisement of cost of plant of San Francisco Gas and Electric Company, used in supplying gas to the City and County of San Francisco and to the inhabitants thereof, and of the cost of producing and distributing gas to the consumer, and the report of Public Accountant C. D. Stuart on cost of manu facturing and distributing gas in San Francisco for the year 1906-07, filed with the Board of Supervisors on the respective dates of May 15, 1908 and May 18, 1908, together with the reply of the San Francisco Gas and Electric Company, to the reports of A. M. Hunt and C. D. Stuart, presented to the Board of Supervisors on valuation of gas plant and cost of manufacture, distribution and administration in the matter of fixing gas rates for the fiscal year 1908-09, filed May 29, 1908, and also the subsequent reply of A. M. Hunt, be admitted in evidence in this investigation and made a part of the record. [The reports above referred to were published in full in the Appendix to the Municipal Reports, 1907-1908, pages 1043 to 1116, inclusive.] The Committee furthermore recommends that the hearing be now closed and that all testimony taken and exhibits filed be referred to the Artificial Light Committee, with instructions to said Committee to report bills to the Board of Supervisors fixing gas and electric rates for the year commencing July 1, 1909. The report was adopted and the Board adjourned. Following are the exhibits introduced at the hearing and marked Exhibits 6, 7 and 8: EXHIBIT 6. ANALYSIS OF STATEMENT FILED WITH BOARD OF SUPERVISORS IN MATTER OF RATE ΤΟ BE FIXED FOR GAS FOR FISCAL YEAR 1909-1910-PRESENTED ΤΟ BOARD OF SUPERVISORS BY THE SAN FRANCISCO GAS AND ELECTRIC COMPANY. To the Honorable, the Board of Supervisors, of the City and County of San Francisco. REVENUE. Gentlemen:In response to your request, we beg to submit the following itemized statement of revenue and expense for the calendar year 1908, together with excerpts from late decisions of the United States Supreme Court bearing upon the questions at issue. |