PANAMA RAIL ROAD COMPANY. | ik

The material delivered on A. EF. E. 1388 cost about forty-five cents per
yard owing to the fill being shallow, where the dump could not take the ~
material as fast as on the other dumps, and which cut down the output —
of the shovel slightly, making the cost of this fill higher.

The area covered by the steam shovel fills amounted to nearly one
- hundred acres, converting this area which was swamp, into valuable
_ real estate, making a total of four hundred and eighty lots, the cost of
each lot being about $650.00. — =

In addition to regular maintenance approximately $254,000.00 was
expended on A. F. E.’s, and $51,636.00 on work for departments. In
addition, $30,351.11 was expended on Panama Canal and Army tracks,
including Fort Amador Branch—96, 995.69, and Naos Island Branch— 3
$9,027.07.

A. F. E. 1350 was issued to cover the work of demolishing Pier 11.
It being a wooden pier it was condemned by the Health Department
and was removed to comply with sanitary regulations. The value of the

material salvaged more than covered the expense of removal. Practically - oe

all of the piles which were recovered and found to be in good condition,
were creosoted.

— Caledonia Bridge in Panane City was removed and replaced by a
grade crossing, the work being performed by the Municipal Engineering
Division. This was not completed, however, until after the close of the
fiscal year, due to delay in the arrival of equipment for crossing gates.
This involved certain changes in the track and switches at this point.

MAINTENANCE OF HQUIPMENT.

The expenses under this heading increased approximately $197,000.00,
of which repairs to freight train cars accounted for $115,000.00; yard

-« locomotives $39,000.00; work, equipment, shop, machinery, etc., $40,-

000.00; depreciation charges also increased approximately $20,000.00, due
to the transfer of additional equipment from Panama Canal. ‘The cost
of supervision increased $4,000.00 while repairs to road locomotives
decreased approximately $20,000.00.
: _ TRAFFIC EXPENSES.
The expenses under this heading increased $1, 258. 47 over the corre-
sponding pce of last year.
GENERAL EXPENSES.
The expenses under this heading amounted to $317,914.27, an increase

over last year of $59,434.23. This was due to the increased costs of —

maintenance and operation of quarters and hospital expenses; general
office expenses increased approximately $19,000.00. —

The proportion of these expenses chargeable to the Rail Road decreased
$9, 000.00 as compared with last year, owing to a further revision of the
amounts proportionately chargeable to Harbor Terminal, Coal Handling
and other eyETAOnS:

HARBOR [TERMINAL OPERATIONS

7 To this department is charged the responsibility of loading-and dis-
charging vessels at the Atlantic and Pacific ends of the Canal, from which
the revenue this year was $1,878,518.95, an increase over last year of