PANAMA RAIL ROAD COMPANY. pT:

 

 

 

 

Fiscan YEAR. Gross GROSS Net
REVENUE. EXPENSES. INCOME.
1919 SRY safe MO IRE GN Tae ESA aOR SBOP uestaud ea CUS le $6,558,286 83 $5,155,585 67 $1,402,701 16
TOS ee eae er read ities cava he Gy eae ee REM oy rR en 4,999,544 13 *3,241,994 48 1,757,549 65
Te CLEA SO ease ee eee Rae i rae CM sta ea $1,558,742 70 $1,913,591 19 —-
WIC CHE ASC ee RN MS Oe ERT OL ate ee Cast od — $354,848 49 —

*Includes back pay, etc., shown separately last year.

Included in the above figures are the results from the operations of the
railroad, the harbor terminals, the coaling plants, the stables, baggage
transfer service, motor buses, and motor car. machine shop, which come
under the supervision of the Superintendent of the Rail Road; the tele-
phone and telegraph systems under the Electrical Engineer of the Panama
Canal; the commissaries, plantations, and cattle, hog, poultry, and dairy
industries, and the Washington Hotel, which are under the supervision of
the Chief Quartermaster of the Panama Canal; and the land and building
rentals which are supervised by the Land Agent under the direction of the
Counsel of the Rail Road.

Ratt RoAp OPERATIONS.

The Rail Road proper shows an increase in revenue for the fiscal year
ending June 30, 1919, of $426,048.35. This amount, however, includes
$349,231.27, which is for extra locomotive service at fixed hourly rates
furnished departments and divisions, having no connection with the move-
ment of Rail Road freight or passenger traffic; sub-account No. 126-A to F |
having been established for this purpose. The corresponding revenue
from this service last year was applied to reduce expenses, prorated
between accounts 250 and 304. The net result of the operations of the
Rail Road proper show a profit of $185,879.42, as compared with $294,-
412.16 last year. The net profits were shown in last year’s report as $315,-
976.46, but this figure had to be reduced by the amount of back pay to
rail road men and capital stock tax amounting to $16,990.92, advice of
which was received too late last year to include in the cost of operations
and was shown on statement separately as “ Back Pay” and “Income Tax.”

The increases and decreases in revenue are exhibited in the following
table:

 

 

INCREASE. DECREASE.
FREIGHT:
MhrouchiC ominrencralwe eee ee ee aa re Oe ae ee — $37,007 69
Wocals€ ommerciglteswe Coe ee a iar een gre $8,193 85 —
PNR TIM EINGINIVEV Rs ee aoe Oe aprenal a ned eit eh area i 25,690 26 —_—
Ranamra Canal v0) aries EP scram anti od ene Rei GN ae — 89,934 80
Comimissanyees or yee oe ee ana e — 6,000 00
Muascellaneous) Preioht Revenue... /..:25:.2. 25... 23. 63,912 06 —
PASSENGER: 3
abhrowehePassenverias tes. ae ee ae ee Ee eeie PI co — 148 82
IO CaISRASSEMIOeRs se ee kc anit eRe ee as hea bees 2,066 41 —
A INV ATG Niawyayensy i eae eo hoy Aen are elo eae ee ea Sn aca 111,906 68 —
iRansiima@ anal eee Gee. eee ae ee oe neato Scan —— a
IB GP CaO ORR eae Ona cnn aR ee hi Aa a cee a aed our de, —— O24. 72
XPOTOSS ee ee ce Ser ae oe Sealants loi ; 5,971 23 —
Viet Ss cee re NS on i ne a Cael ne iat — 16,320 46
FERC AS UNC ae teeny he eee ac ee ila Saeed Soils 419 09 —
Parlor and Gta a RU Nee ra he A aah ae Relea 600 75 —
SpecialeSenvacechraim tsa gee ee ea ee a 8,157 66 —
OthermsPassencer Rieventicnh = ee o— 164 42

Locomorive Service to Outside Departments..............4. 349,231 27 —
: » $576,149 26 $150,100 91