PANAMA RAIL ROAD COMPANY. 21 GENERAL. The interest on money deposited with the American Foreign Banking Corporation during the fiscal year ending June 30, 1919, was $6,827.61, as compared with $5,062.05 last year. The net revenue from all operations amounted to $2,014,194.29, but from this amount was deducted the Rail Road’s proportion of income tax. and capital stock tax paid by the New York Office for 1918, amounting to $478,871.68, interest on indebtedness to United States Government amounting to $102,170.08, and back pay earned by transportation em- ployees during this fiscal year, amounting to $30,451.42, but which was not paid until July, 1919, leaving a net income of $1,402,701.16. The following changes were made during the year in the system of rail road accounts. The operation of cattle steamers was taken out of cattle handling expenses and set up separately under the heading of Cattle Steamers Operations. There was also added under Rail Road Revenue, sub-account No. 126 to provide for the revenue derived from extra locomotive service furnished, which had no connection with freight or passenger traffic. This revenue was formerly credited back to Railroad Operating Expenses. STATEMENT OF EXPENDITURES UnpeR Approvep A. F. E.’s. For . AMOUNT. ARS HSIN Ose WO Oae ASG UO Ny an CLS ieee a aera ee AG eee en alae $17,737 20 989 Summa Lo ulibmy. Warm ui Caimes MebC se wt ee ieee 10,814 07 S8OdmtRasture Wands ao. een a ere cea ne Se ane uence eee 73,042 52 SS8Obo Pasture san dsp ce aa ese eet ee reno ec ecu eee ni aero Oats 4,360 05 880c Pasture Lands...... bare ea Eos LANE SHI aes ery aan Pee eS grat Ra oan 2,703 98 880g Pasture Lands......... Rael Bas Rd Aa Gi NORM area iar alata react chante 10,452 86 SSO sRastune Wdandsieeen en eae et ainda Sr at eh eee mae tour re mee 31,150 13 SSOfee Pas hunev band sia wea ee wren Ones eaten Mong Sie en eae rants gu *572 96 1053 42 Min die Dain ye es eee ene oe a We ey AS comer Morn ge nia 15,203 18 865 Repair Shop and Electric Charging Station, Cristobal Docks...... 4,897 30 1O253 Juanes Vinaekelantation ssc. en eet es en a he Bye) IP) 899>;2 MiolettoeRier 6. Cristobalist eee i ee 29,491 31 PBA“ Repairs Dynamite: Docks Mandi: cee ie hes geen aes 202 88 1004 Hoo Hanmi MarcaritasRoddite Wirt. ne er ed caren 328 35 NSS Manufacture Thrust Boxes and Brakes, Cristobal Coal Plant..... 2,403 41 LOTS: Clearing Balangue: River Pulverize Rock, Juan. Minaland Was .Guacas.-.... 7... s0 ee 210 81 1123 Phone Cable, Cristobal Yard to Mt. FLO DCL ao Se eee ee 1,792 63 1180 Repair and Paint American Consulate. Colones) 77s 3 ol 13812. Construch 2 Mmanke ©arsc has er ae Gee ice Benen even reat 6,718 06 1139 Dismantle.@oale Barges NOs; oOStandeoOn se ee oe oe, 18 34 W403 sh xtbension aaa bOCca.Comumissanync sae ee eee eee te 7 29 1141 Remove Hlectrical Equipment from Mindi Swing Bridge......... **3,621 09 1143) Repair Barces Nos. 2-3; 19 and: 29) Coal Plants, 34...) 3,750 30 1145 Removal Scales, Piers Vande oe ee #416 O1 PAG. Constructs ©oal Conveyor BOOMS ri) ie es 5,493 70 1148 Install Oil Burning System, Hotel Washington................... 1,624 29 PS Rienaindvoot Ancona iyi wrt aorta tre er 42 44 1153 Mianutactunre Bish: Boxes ton Commissary 0). t4s hee 425 37 1154 Manufacture Grate Bars for Boilers, Cristobal Coal Plant........ 173 00 156). Manutacuune «se Hooks for ©ommiscsanry.. 600) 239 63 5Ss Ripe linet: @hineseeGangdemss summits.) 50 158 78 1159s Wemolish Seetion Mouse; bedro Wipuel 3-2 2s 4 **12 60 1160 Construct 3 Section Houses, Mt. Lirio, Gamboa, Frijoles......... 1,294 75