The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-02-01

third; provide at least 500 600 per annum for
extensions during the next five years to every
portion OF the city; fourth, W ehin the next fit.
teen years after that time, accusnuiate sufficient
sinking fund to redeem the enarc issue OF water
bonds, both old and new, $,.5le0o0 in all. These
figures are made on the basis of the balance
sheet for 1892.
Presuming that such "genezal water tax" OF
3cents per annum for every ioGsquare feet il as
sessed. the water rates cut down ons-third, and
$l.450.o0o bonds issued to construct the gravity
system, the following would be- the approximate
financial statement for 1898:
Receipts from water rents. 49,. $40 900 90
Receipts from general water tsS... 125oo0 90
1otel receipts. ..$2t5000 10
Expenditures for maintenance opera
Expenditures for one years Interest,
Expenditures for six months; in,ere.t, ' ~
Available for extensions to new dis
trcts .......-.-..-......-..... 1870 10
Total expenditures ................S265,o0 90
In 1894, by reason of increased expenses for
pumping, and full years intesest on the new
bonds (partially offset by increased income re-
sulting from extension OF sysG,m), the amount
avail able for extensions would he about $50 900,
alter paying all expenses ard izlterest In 1895,
with the gravity system complesed and in ser
increased income from new consumers would
produce q financial statement approximately az
follows:
Receipts from water rents (tvo-thirds
Receipts from general water tag 19SSoo
Total receipts for 1896 1925 90
Expenditures for maintenance, opera
Expenditures ior interest on s2,5ooooo '''''0
bonds -- --.-.- Io5 nn0
Available for extensions to system $1,000
Total expenditures..........5. .s325 900
Every subsequent year the receipts from wa
ter rents would increase in proportion 10 the
new consumers reached by extession, while the
cost OF operation of the gravity ssstem would in.
crease III slight proportion. 5hs steady in.
crease would continue up TO tie time when a
population of about 200. eco is a.5ained, when it
would again be necessary to Inaee additions to
the general supply system. shoslld that popu-
lstion be attained by the year F9l0 the total re-
ceipts from water rents and general water tax,
over and above ali expenses of operation, main
tenance, repairs and interest on the bonds dur.
ing the entire period, will amouut to the gross
sum of 100000. by reason of che steady iu-
crease above referred to. Tais would al
low the expenditure of sl,a30,O0o for ex-
tensions to the distribution. system as
needed, and still leave $25o),00o of
sinking fund, sufficient to redeem all the water
bonds With such results achaved, the ''gen-
eral water tax could be suspended, and the
rates still further reduced to tire actual cost of
maintenance, renewal and extensions to the
distributing system aud sources Of supply.
The general water tax of {; cents per 100
square feet per annum, will maze it possible to
secure the results above nameCs. if the gravity
system Is built at once, at the sarae time divid-
ing the responsibility equally. i uniform rate
by square feet of area, instead of by front foot
c,aEa k,ia 70 ola tod late g
varying sizes anu unplatted traces in an eQuit-
able manner.