30 REPORT OF THE PANAMA RAILROAD COMPANY. PANAMA RAILROAD COMPANY, ACCOUNTING DEPARTMENT. New York, N. Y., October 17, 1908. Mr. EK. A. Drake, Vice-President Panama Railroad Company, New York, N. Y. Dear Sir: I herewith submit statements of income account, general balance sheet, and tables showing results of operations for the fiscal year ending June 30, 1908, as follows: Exhibit A. Income account and profit and loss account. Exhibit B. General balance sheet. Exhibit C. Earnings and expenses. Exhibit D. Operating expenses of railroad. Exhibit E. Operating expenses of steamship line. Exhibit F. Expenditures for improvements and construction. Exhibit G. Equipment and plant replacement accounts. Exhibit H. Classified railroad earnings, tonnage and passengers, Colon to Panama and Panama to Colon. | Exhibit I. Railroad freight statistics. Exhibit J. Railroad passenger statistics. Exhibit K. Railroad general statistics. Exhibit L. Railroad freight tonnage handled. Exhibit M. Steamship line statistics. Exhibit N. Locomotive and car equipment. Exhibit O. Floating equipment.@ =’ In December next the following tables, showing the results of operations for the four: months ending October 31, 1908, will be prepared and published as a supplement to this annual report, viz: | Exhibit P. Income account and profit and loss account. Exhibit Q. General balance sheet. Exhibit R. Summary of earnings and expenses. 7 Exhibit 8. Classified railroad earnings, tonnage and passengers, Colon to Panama and Panama to Colon. Exhibit T. Steamship line statistics. Yours, very truly, JoHN Apams, Auditor, Hxurpir A.—Income account and profit and loss account for the year ending June 80,1908. 4 INCOME ACCOUNT. Railroad: 5 GLOSS.Garnines trom OPERATION ses ees ge ee ok a Stee wee es $4, 541, 437. 79 OPerating CxpPenSesi es 2k. he eee eh Ris ee RO 2, 831,142.76 Net earnings from Operalonst. Sen. eee a ar ee cee oe eee eae $1, 710, 295. 03 Steamship line: Grossiearmings Irom operdbion ee ae ee ee ee ene 1, 458, 554. 28 OPeratiNeseXMSNSCSS sss se es a he ON ee co an a 1, 638, 364. 95 Net loss from operation.<.-:.. 2-222. ees Sey ors nNOS SPU ota tS con Porm ue ora Sai 179, 810. 67 — 1, 580, 484. 36 Add income from— : interest On securities: Owned. se oe er ee es era a 5, 670. 00 iaterestandwexchanees sa cn mee Ses eee a ees coe 14, 237. 59 ween 19, 907. 59 1, 550, 391. 95 Less: Interest on funded debt— First mortgage 44 per cent bonds— : Eotetes on $2,023,000, July 1, 1907, to September 30, 1907......... 22, 758. 75 ess— Interest April 1, 1907, to June 30, 1907, on 140 bonds called for redemption and paid by trustees in October, 1907... 1,575. 00 | 21,183.75 Interest on loan from United States Government for redemption of first- mortgage bonds, October 1, 1907 to June 30, 1908 .......2... 22222 ee 40, 280. 61.— irst-morgeagesinikin o fund