AQ «PANAMA RAIL ROAD COMPANY. EXHIBIT C. STATEMENT OF REVENUE AND EXPENSES FOR THE YEARS ENDING JUNE 30, 1920, anno 1919. “e REVENUE FROM OPERATIONS. 1920. 1919. INCREASE. | DECREASE. —_—_—————————————————_——_———_ | ——————— — | — Oe Rait Roap: Revenue from Transportation. FREIGHT: Through Commercial.......... $160,112 71 $84,823 11 $75,289 60 — Local Commercial............. 224,681 05, 166,181 44 58,499 61 — eAnmy and Navy. cs. 2s. ko ees 90,540 59 138,789 25 — $48,248 66 Panama Canal << 33.0065 os ln a 345,454 48 356,978 44 —: 11,523 96 Commissary...) es 2y 102,454 09 102,000 00 454 09 — Other Freight Revenue......... 202 56 — 202 56 a Totals ey Nae er $923,445 48 $848,772 24 | $74,673 24 — PASSENGER: ae Through Passengers........... $52 30 $97 85 —. $45 55 Local Passengers. ...........:. 430,065 55 398,825 11 | $31,240 44 — Ariny and Navy 0252 Geto ee 146,498 60 158,725 33 — 12,226 73 Panama Canal....... ee ere 144,000 00 144,000 00 es a BAP CAGE ees ae ee eee 7,487 91 4,673 43 2,764 48 — HIN pPIess 28 Fk ea ee es 38,736 40 36,570 89 2,165 51 — Mail ea we ee eee ane 30,133 43 14,009 20 16,124 23 — ‘