60 _ PANAMA RAILROAD COMPANY. Exurerr X.—Statement of revenue and expenses for the four months ending Oct. 31, 1913 and 1912—Continued. OPERATING EXPENSES. 1913 1912 Increase. Decrease. Railroad: Maintenance of way and structures......... | $120, 583. 53 $104, 821.39 | $15, 762.14 |..... Cees Maintenance of equipment................- 130, 814. 27 1605211 S07. | Soca e $29, 397. 50 PTA MLC OXPOUSCSa0- cc ee see Sh Ee see 4,752.97 3, 844.56 | . GOS F4 lie as ioe eee Transportation expenses. ..-. 52.252... -se-e 435, 495. 37 465; 908270.) cscs eeeeces. 30, 413. 39 Lighterage and harbor service..........-.-. 14, 311. 50 295410; 88 lo ce eis 15, 159. 38 Loading and discharging vessels...........- 9, 470. 70 14,481.22) | co SeSesecees 5, 016. 52 General expenses— \ TStHIMUSS: See Se SS ee ee 77, 970. 87 Ob SS (e04cte Sos es caeeus 17, 416. 67 SING Wi VOLK sos er es as eon ee es 20, 396. 04 2); 9342 Ol ee oes aes 538. 87 Total: railroad-expenseS. =... .sce.ces ce 813, 795. 25 895 ;067603C |e ee 81, 271. 78 Steamship line: = Steamer expenses— Regular line... .. Soe en seta eee 550, 398. 52 — 620, 120. 95 BO 20d laliscsoee. Scuue Philadelphig service. sess Ss Sas Coace eee eee 1 473. 26 A Se 20u\ose. veces tes _ Agency expenses, regular line..-........... 87,027. 31 80, 521. 97 Gx00b 134 Be sweet eee General expenses— NG WEYork 223s ee Se ce 9, 857. 67 | . 9, 715. 22 DADA pe Meee ea TS GIaMgvIS SS oe ee ee we 11, 961. 85 Bea W clyde en anne 1, 211.00 Total steamship expenses...........-. 659, 245. 35 623, 057. 73 36, 187. 62 Ay eee Gross operating. expenses. ..........-. 1,473,040.60 | 1,518,124.76 |......0..22.. 45, 084. 16 SUMMARY. - Railroad: Revenue— Colon: to Panama. = a $872, 349. 99 $838, 443.54 | $33,906.45 |.....2.2.222. Panama GOsG0l0n= sa eee ee 453, 306. 45 410, 347. 25 AD; Q59N 20: eect ce sos SMiscellaneouss 464 = Se eee 191, 077. 99 197; 93 7A285| Soc $6, 859. 29 Total railroad revenue on cae Soa eee 1 O16; 1340433 | = 1446-7 28507. (OS00G23863 te ee Total railroad expenses. ...........-- 813, 795. 25 895; 067033 2o2c ees 81, 271. 78 INGtTOVERUC oss ee tas 702, 939. 18 DOL, 66150445 151 278214 ae Per cent of expenses to revenue........ 53. 65 61287 Se ar 8, 22 Steamship line: MotalsreVvenUle 2235 6 ee eee eee 755, 026. 81 708, 834. 03. 46 LOD S(SalSiee ace one MOtal OXPCUSES:25 os a oe cc eet 659, 245. 35 623, 057. 73 SOS IST 623s soos ceo ose INGETE VENOMS soe ees 95, 781. 46 85, 776. 30 1050057162) oS Per cent of expenses to revenue 2....... 87.31. 87590 see as . 59 Grand total operating revenue....... 2,271, 761.24 | 2,155, 562. 10 116, 10945 |o se oe Grand total operating expenses...... 1, 473; 040560) |=), 6185124 (65 c oo ce see 45, 084. 16 Total net operating revenue............ 798, 720. 64 637, 487-34 | 161, 288500125 Per cent of expenses to revenue........ 64. 84 SOs 4be eee eee 5.59 1 Credit. 2 Includes operations of Philadelphia line.