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i <br />BOOK <br />43 ncE 282 <br />MR. CROSBY REPORTED THAT THEY HAVE INCREASED THEIR CASH <br />FLOW DUE TO BIMONTHLY BILLINGS. HE EMPHASIZED THAT THEY ARE A PRIVATE <br />BUSINESS AND NOT A UTILITY, AND THEY SHOULD HAVE THE RIGHT TO RUN <br />THEIR BUSINESS. HE ADDED THAT RATE OF.RETURNS CAN BE FIGURED MANY <br />DIFFERENT WAYS, AND THEY THOUGHT THEY WERE VERY FAIR IN THE RATE INCREASE <br />THEY WERE ASKING; WHICH AMOUNTED TO 17� A WEEK, AND SHOULD NOT PUT <br />A BURDEN ON VERY MANY PEOPLE. <br />COMMISSIONER -LYONS FELT THERE ARE A LOT OF PEOPLE RUNNING <br />CLOSE TO THE EDGE OF FEELING THE BURDEN, HE REALIZED THAT THEY ARE <br />FIGHTING NOT TO BE CALLED A UTILITY BUT HE THOUGHT THEY WERE, <br />COMMISSIONER LYONS REFERRED TO THE INVESTMENT FIGURES AND DOES NOT <br />KNOW HOW THEY WERE PUT TOGETHER, AND HE WOULD LIKE TO HAVE A MORE <br />DETAILED BREAKDOWN AS TO HOW THEY WERE CALCULATED. HE ADDED THAT <br />THERE OUGHT TO BE A RECOGNIZED STANDARD ACCOUNTING PROCEDURE USED <br />FOR CABLEVISION, FOR THE BOARD TO BE ABLE TO TELL WHETHER OR NOT <br />THIS TRULY IS AN INVESTMENT AS FIGURED IN A STANDARD MANNER. COM- <br />MISSIONER LYONS PERSONALLY THOUGHT WE OUGHT TO HAVE A BETTER HANDLE <br />ON THE OPERATION OF THE CABLE COMPANY. HE NOTED THAT UP UNTIL THE <br />TIME MR. CROSBY BECAME MANAGER, CABLEVISION WAS A VERY INDEPENDENT <br />OPERATION AND HE WAS NOW THANKFUL THAT THINGS HAVE CHANGED; SERVICE <br />COMPLAINTS ARE ANSWERED QUICKLY AND WITH EXPERTISE. COMMISSIONER <br />LYONS REITERATED THAT THE BOARD HAS TO BE IN A POSITION TO HAVE SOME <br />KIND OF CONTROL SO THEY CAN INSURE THE KIND OF OPERATION CABLEVISION <br />IS DOING NOW. <br />MR. CROSBY STATED HE INTENDED TO BE HERE A LONG TIME AND <br />INTENDED TO GIVE GOOD SERVICE. HE DIDN'T FEEL IT WAS NECESSARY OR <br />PROPER TO BE CONTROLLED,AS THEY HAVE THE RIGHT TO DO THIS BUSINESS <br />AS A PRIVATE COMPANY AND SHOULD BE LEFT ALONE AS A PRIVATE COMPANY. <br />MR. CROSBY ADDED THAT FLORIDA CABLEVISION HAS PRESENTED FINANCIAL <br />INFORMATION FOR THE BOARD TO REVIEW. <br />CHAIRMAN SIEBERT COMMENTED THAT IF THE BOARD LOOKS AT THIS <br />COMPANY AS A UTILITY, THEY MUST LOOK AT IT ONE WAY; AND IF THE BOARD <br />LOOKS AT IT AS A PRIVATE ENTERPRISE, THEY MUST LOOK AT IT ANOTHER <br />WAY. HE ADDED THERE IS A STANDARD METHOD FOR COMPUTING THE RATE OF <br />RETURN IF IT IS A UTILITY. <br />