Comparison of original cost and depreciated cost, as reflected by carriers' records, with values found by the Interstate Commerce Commission of property owned and used for common-carrier purposes Comparison of original cost and depreciated cost, as reflected by carriers' records, · with values found by the Interstate Commerce Commission of property owned and used for common-carrier purposes--Continued Mr. D. S. BUSHNELL, New York, N. Y. GENTLEMEN: Mr. Louis Hood, head valuation engineer of the Bureau of Valuation of the Interstate Commerce Commission, has been kind enough to prepare for me statements showing data taken from the final valuation reports, tentative valuation reports, and preliminary reports showing the status of the valuation work to date as pertaining to the original 52 companies included under the Commission's valuation orders as of December 31, 1934, and I am furnishing to each of you a photostatic copy of said statements. The data shown on the enclosed statements will not agree as to the classification of status of work as shown in the report which we will this year file with the central committee on pipeline transportation, because in the encle ved statements they have classified dockets 1211, 1221, 1229, 1230, 1233, 1240, and 1241 as tentative, whereas in our report we have classified same as final, because we understand that the valuations have been finally approved by the Commission but in their official report they remain as tentative until the final reports are published and served on the carriers and other interested parties as provided in section 19 (a) of the act, which explains the difference that will exist between the enclosed report and our Committee report. Yours very truly, R. B. MCLAUGHLIN, Chairman, Engineers-Accountants Valuation Committee, American Petroleum Institute. INTERSTATE COMMERCE COMMISSION, BUREAU OF VALUATION, ENGINEERING SECTION Data taken from final valuation reports issued upon carriers by pipeline, as of Dec. 31, 1984 98505-58-pt. 1, vol. 2-9 1 Gasoline lines. |