SUPPLEMENTAL REPORT SHOWING THE RESULTS OF THE COM-
PANY’S OPERATIONS FROM JULY 1, 1910, TO OCTOBER 31, 1910.

[Presented in compliance with resolution of the board of directors adopted at its meeting of April 2, 1906.]

Exuisit V.—Income account and profit and loss account for four months ending October

31, 1910.
INCOME ACCOUNT.
Railroad:
Grossiearnin gs from OMerablOMac: 23 8s See ose ee ee a cars ee $1, 230, 024. 83
Operating expenseseciese kiss os a eS ae eer ar eo gre en aes 762, 093. 28
Net earnings from operation...,.......:.--.----- et ahaa rar ane Nr na RRR eine" abs $467, 931. 55
Steamship line:
Grossicarmings irom OPeCrAblON ye sews o sce Oe ee ee eee 686, 289. 80
Oporatingiexpensess wiecsec Mace ee ee se ae see eR wl 598, 340. 08
‘ Net earnings from operation ea SOC raed Se ADS RRR es OSU copa SRS 87, 949. 72
Add-income from interest and: exchanger: {252 ses es es BE a ee eee 6, 365. 05
562, 246. 32
Less:
Interest on loan from United States Government for redemption of first
TNOLESALS DW OMCS eee eso accep ie Niet eave vnc at ccna re Sve ots Uy Sectrmen Soarlcpatecr 15, 610. 15
Fund for repayment of loan from United States Government for redemp- |
tloncor first; MOrteage WONG Gan se Ne os ae ee hein Sars wesc eee 33, 333. 34
Imterest On l0ans: 2s 2. eh ee MLM SSeS her eisai eek amas a ee - 18, 859. 32
Rental of docks: at-Isthimusscewscen oe ee oe ee nae 7, 231. 32
oe 75, 034. 13
Netincome forfour FIOM tS ss es eas eee a aioe ace 487, 212. 19
PROFIT AND LOSS ACCOUNT.
By-balance to credit, of protivand: loss: July 1OlOe ees oa e Sok ek oe ee ee ee 10, 122, 542. 14
Surplus from income account for four months ending October 31, 1910.....................- 487, 212.19
Third payment in reduction of loan from United States Government ‘‘to pay the 4% per cent
firstimortgage bonds:of the.Panama RR: Co.; Oct. 1, 19077... 32.3. oe ce ee 100,000. 00
By balance to credit of profit and loss Oct. 31, 1910. ee 10, 709, 754. 33