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The initial value problem of generation of surface water waves by a harmonically oscillating plane vertical wavemaker in an infinite incompressible fluid under the action of gravity and surface tension is investigated. In the asymptotic evaluation of the free surface depression for large time and distance, the contribution to the integral by stationary phase method gives rise to transient component of the free surface depression while the contribution from the poles give rise to steady state component. It is observed that the presence of surface tension sometimes changes the qualitative nature of the transient component of free surface depression.