She | PANAMA RAIL ROAD COMPANY.

The total revenue freight traffic of the railroad during the twelve
‘months ending June 30, 1917, including both merchandise and coal, was
722,719 tons, a decrease of 631,543 tons. The total revenue derived from
this traffic was $1,061,968.12, a decrease of $1,119,042.56. In addition
to this, 40,766 tons of company freight moved over the road.

PASSENGER TRAFFIC AND REVENUE.

The following statement shows the number of passengers carried and
the passenger revenue:

NUMBER PASSENGERS CARRIED. PASSENGER REVENUE.
CLASSIFICATION. SAU ISU Ur nae Rant esa aR one nasa
1917 1916 1917 1916
First-class IRA SSCNPETSays. ea ee 673,174 é 667,468 $283,848 94 $321,506 53
Second-class Passengers.......... 901,230 897,429 255,530) 37. 220,513 30
Motalstis. <3 Mee ayen tabs iausineste: bees 1,574,404 1,564,897 $539,379 31 $542,019 83

The average revenue per passenger per mile for 1917 was $0.0224, and
for 1916, $0.0228. The gross revenue from the transportation of passen-
gers shows a decrease of $2,640.52. The number of passengers carried
shows an increase of 9,507.

The following table contains a summary of the operating statistics of
the rail road for 1917 and 1916:

ITEM. NON 1916.

Average Wiles: Operatedsss 3 ee ea 56. 54 56.54
Gross Operating Revenue...... Bere G eee ieee eater aa nee ets $1,707,392 04 $2,954,693 78
Operabin gel xpensesia. asses. So HO ee ee ees $1,688,661 38 $2,111,668 78
INet»OperatingeRevenuer sii 2 ee $18,730 66 $843,025 00
ier, Cent. xpenses:to Revenue. =... 6.252.605. Seperate nas; 98.90 - ae
Gross Revenue: per Male ere ci he $30,197 95 $52,258 47
@Operatineslxpensessper Mile: $29,866 67 $37,348 23
INetRevenueiper: Molen se se $331 28 $14,910 24
Revenue per Passenger Train Maile... 2... cn oe ee $2 38 $3 82
Revenue per Freight Train Mile........... tes bird asvegsmipanne Rare te mee te REiTh $6 21 $12 06
dhons per: Loaded: Car: f65 o.oo Se oe ee 12.64 17.58
ons per. brains wocomotive Mileage... .. 5... oe. eee cee 154.10 309.01
Freight, Passenger and Switch Tisemotice Maleaige<.. ee. 606,696 807,376

Work EraineMile ao eee a to nog ee an nce cree 448,180 155,075

Bassenoer rain Maleare ssc ON ee eee 268,851 201,916

Breloht (brane Vileage sos en ee rs op el eee = ALY 20/83 174,321

GENERAL HXPENSES.

The total expenses under this heading show a decrease of $86,859.49,
while the salaries and expenses of general officers, clerks and attendants
show an increase of $22,684.43. Prior to August 1, 1916, a proportion of
the general expenses on the Isthmus was charged to the Steamship Line,
and a proportion of the general expenses of the New York Office was
charged to the Rail Road. Since then all of the general expenses incurred
on the Isthmus are absorbed in local operations, and the general expenses
in New York are charged to the Steamship Line.

TRAFFIC HXPENSES.
The total charges to the various accounts show a decrease of $4,246.78.

TRANSPORTATION.

The expenses of this department show a decrease of ' $137, 536.42 as
compared with the previous year. This decrease is due to a general