22 : : ‘PANAMA RAIL ROAD COMPANY.
The agricultural leases, 282 in number, cover property at Majagual
and Escondido, which is that district on Panama Rail Road lots east of
Colon. The rental value of these agricultural leases amounts to $1,422.70,
although we are not collecting any rental from holders of leases in this

area.

The form of leaxe for the properties at these two small villages is a
short-term form and may be cancelled at any time without the payment
of indemnity, and were executed several years ago for the purpose of
having the present occupant acknowledge the Panama Rail Road Co.
as being the owner of the land.

About three years ago revocable licenses were issued to all those
people. having houses on the Huertas and Honduras tract east of the
Canal opposite Empire and Culebra; no rental, however, having been
collected from the licensees. ‘These licenses were revoked during the
month of April of this year and all squatters removed from the property.

During the fiscal year there were 37 new leases executed for 46 new
lots in the cities of Colon and Panama.

The estimated total annual rental value of all teased property is
shown on July 1, 1914, as $180,645.09, which is a decrease of $12,851.48
from last year’s estimated rental values. This decrease is occasioned by
the cancellation of all the Empire and Culebra leases effective June 30th.
Of course, this amount is merely an estimated rental value for the next
year, should the Panama Rail Road Co. continue collecting rentals on all
properties shown as being leased on July 1, 1914, at the rates indicated
in our record books.
| The actual rentals collected from all property during the past year
amounted to $141,792.99, which is an increase of $7,433.42 over the
actual collections for the fiscal year ending June 30, 1913. This amount
not only includes rentals collected from leased lots, but also rentals
collected from the various buildings owned by the Panama Rail Road Co.
in Colon and Balboa.

: The following statement shows all Panama Rail Road revenue producing
lots covered by leases 1 in effect July 1, 1913, to June 30, 1914:

 

 

LEASES. Lors. RENTAL.
“LOCATION. ren nS Ses | PE Sema RE NBER RSE aeeem mec
June 30, June 30, June 30, | June 30, June 30, June 30,
os 19134 1914 1913. 1914. 1913. 1914.
Colom ae as: Mee, 824 807 936 $90,790 28 | $97,377 80%
MO xRAVET ee Se oR oe 71 72 70 alt 4,157 00 4,211 00
See GrabUMieo ea Sy bares 157. 157 170 170 5,751 80 5, CoOL 80
New, Prijoless. 5.40823, 24 24 se aN: 377 00 - 377 00
paVionue Am On. 6h s .e. 10 10 15 aL 414 00 414 00
[oped ed ef-||)
=. eM pire ss 2s. Be Saar ne 403 fective June 44] — 12,819 60 -—
30, 1914.
Cancelled ef- ;
ee Gulebrac 5 ocr we 308 {| fective June 316 aaa 6,774 40 |: —
30, 1914.
Panama... .. Been eons 378 379 445 446 20,989 79 21,090 79
PAOPVCUISUTAL, 16 6 Ore eee : 232 232 232 Be - 232 1,422 70 1,422 70
PRO tale ee

2,355 1,698 » 2,523 1,897 $143,496 57 | $130,645 09

 

te * Includes rental from offices in concrete building, Colon.