Symposium on “inventories and appraisals of properties”: Part II: The procedure that is necessary to obtain reliable inventories and reasonable appraisals of properties that can be defended both from the standpoint of the public and companies: The extent to which detailed inventories and appraisals should be kept up to date by companies: The best way in which detailed inventories and appraisals may be kept up to date by companies

There are many reasons why valuations of public utilities have been made in the past and are continuing to be made, and there seems every prospect that the necessity for valuations that has existed will continue and become more pressing as methods of financing become more conservative and as public control develops, or public ownership becomes more general.