ELECTRIC BOND & SHare Co. Mr. P. A. TILLERY, Vice President & General Manager, Carolina Power & Light Co., Raleigh, N. C. DEAR MR. TILLERY: It meets with our approval to have recorded on the books of Carolina Power & Light Co., as of December 31, 1924, entries referred to in your letter of January 7 to Mr. Lang, for the retirement of the following property: Henderson steam-electric plant, obsolete equipment. - Estimated original cost of old Raleigh gas plant abandoned in 1914, approximating- Estimated original cost of obsolete turbo-generator outfit at Raleigh steam plant installed in 1907 and recently removed.. $16, 875 37,000 20, 500 These items should be credited to the appropriate fixed capital accounts, and charged to expenditure requisitions from which they should be transferred as charges to retirement reserve, allowance being made for salvage, if any. Very truly yours, B. H. BREWSTER, Assistant General Auditor. By C. P. ZImmerer. Carolina Power & Light Co.-Journal voucher No. 11305-December, 1924 To charge off cost of old property that has become obsolete or abandoned and is no longer in operation per letter of B. H. Brewster attached. Property transferred to Carolina Power & Light Co., December 31, 1924; total, Property transferred to Carolina Power & Light Co., December 31, 1924; total $2,784,693.13-Continued C. J. CURRY, [Telegram] NEW YORK, N. Y., January 29, 1925. Auditor Carolina Power & Light Co., Raleigh. Referring to your telegram date close Carolina Power & Light Co. books year 1924 on basis my telegram 21st after taking over all property of Carolina Power Co. as shown by details sent long 23d plus Phoenix transfer. B. H. BREWSTER. Carolina Power & Light Co.-Journal voucher No. 11311, December, 1924 Additions to plant........ Loan contract, Carolina Power Co... Dr. Cr. $2,784, 693. 13 To record transfer of property from the Carolina Power Co. as shown on statement attached. Above advice of B. H. Brewster, copy of telegram dated January 29 is attached. To close into Plant account, the additions to property during the current year ended Dec. 31, 1925. NOTE. Copies of correspondence and entries covering charges of bond and stock sales commission and expenses to plant herein will be found in Exhibits No. 15 (a) to 15 (f) of report of this invesitgation. |