PANAMA RAIL ROAD COMPANY. aS 13 $1,670,235.45, of which the sum of $1,365,022.21 was expended at Cris- tobal and 8305, 213.24 at Balboa. The quantity of coal received was 446,099 tons and 908, 149 tons were _ sold. The quantity on hand at the beginning of the year at both plants was 170,702 tons. 58,652 tons were on hand June 30, 1920—52,639 tons at Cristobal and 6, 013 tons at Balboa. : The receipts from sales amounted to $/,243,559.50, including addi- tional charges for extra handling, also for unloading, storing and delivering U. S. Navy coal, as: compared with $6,173,734.41 for the previous year. _ 445,563 tons were sold to ships at Cristobal and 60,605 tons at Balboa. _ The balance was sold to the United States Army, The Panama Canal and individuals and companies on the Isthmus, or used by the Panama Rail Road. During the year 63 cargoes of coal were received; 23 by the colliers “Ulysses” and ‘‘Achilles,” 2 by the barge “Darien” which was put into service during the year and operated. in conjunction with one of the colliers; one each by the Panama Rail Road steamships “‘Ancon” and — J “General Ernst,” and 36 by outside steamers. In addition to this the Panama Rail Road had on hand June 30, 1919, 13,389 tons of U. 8. Navy coal; 121,144 tons were received during the year while 42,540 tons were delivered for account of the Navy, leaving ~ a balance on hand June 30, 1920, of 91,993 tons. The cost to the Rail Road of handling Navy coal amounted to $114,987.55. | The following table shows the quantity of Panama Rail Road cont disposed of on the Isthmus. The statement also includes the fuel oil used _ by Rail Road locomotives: : Fiscan Year 1920. - Fiscau YEAR 1919. Coal. Oil. Total. Coal. Oil. Total. Panama R. R. Road Engines........... 3,271 18,782 22,058 }° 2,847 { 18,181 21,028 Panama R. R. Switch Engines.......... 9,043 -3,9C1 12,944 9,965 3,110 13,075 Panama R. R. Other Purposes.......... 12,205 — 12,205 | 24,267 — 24,267 Panama R. R. Steamship Line.......... 8,765 — 8,765 | 22,224 — 22,224 Other Steamship Lines, Atlantic Terminals 416, 876 — 416,876 | 366,074 — 366,074 Other Steamship Lines, Pacific Terminals. 53,847 — 53,847 51,445 — 51,445 Wnited*States: Army... ae se ee 10,960 _— 10,960 7,977 — 7,977 United States Navy: 2.3.2 @ 3. es 18,739 —_ 18,739 | 13,283 — 13,283 Miscellaneous. 1a eve: 5,034 —_ 5,034 8,718 — 8,718 Panama Canal Sareea ee Phin ee aR 19,409 — 19,409 21,413 — 21,413 SoM ceo aos Sutueliecege en ctueneiees 558,149 | 22,683 | 580,832 | 528,213 | 21,291 gee Coal consumed by Panama Railroad engines was supplied thru the Panama Canal as the Mechanical Division hostles all engines. ‘The actual oil consumption of 90,735 barrels is converted in above statement to the equivalent coal tonnage—22, 683 tons. OTHER OUTSIDE OPERATIONS. STABLE OPERATIONS. The expenses of operating the Colon stables, including a new section put up and opened for operation, amounted to B14 259.94, an increase of $4,805.20 over last year. The rentals amounted to $11, 893. 12, an increase of $3, 249.52 over previous year, resulting in a loss of gD, 436.82 compared with a loss of $881.14 last year. The old wooden stables at Colon having been condemned by the Health Department, new stables accommodating