P~ANAMA RAIL ROAD COMPANY


23


 TABLE No. 2 (Continued)


TOTAL REVENUE, OPERATING, EXPENSES, NET REVENUE, PROFIT AND Loss
 FROM ALL SOURCES, FOR THE FISCAL YEAR ENDED JUNE 30, 1933



 PROFIT 4%on
 INVESTMENT


CATTLE:
 Gross Revenue from Operations............. $112,790 70
 Operating Expenses....................... 108,784 24
 Net Revenue............................. 4,056 46 $7,512 40

DAIRY:
 Gross Revenue from Operations............. 125,806 31
 Operating Expenses...................... 113,386 69
 Net Revenue............................ 12,419 62 7,158 83
 Total Net Revenue from Operations. $764,748 00 INCOME CREDITS:
 Interest and Exchange ......... 19,287 18 Miscellaneous Profit and Loss Items .... 397 10
 Total Net Income for the Fiscal Year.. $784,432 28
 Uncompleted Construction and Suspense .. .. 7,414 65
 Total Isthmus.......................... $784,432 23 $1,668,322 75

STEAMSHIP LINE:
 Gross Revenue from Operations............. 939,880 67
 Operating Expenses....................... 1,260,365 32
 Loss from Operations.............. (320,484 65)

ADDITIONAL INCOME FaOMs:
 Interest and Exchange.................... 448,493 63
 Income Deductions....................... (23,211 18)
 Total-New York ........ 104,797 85 Total Net Income for Fiscal Year. $889,230 13



 The 4% calculation is for comparative purpose only and is calculated on the investment consisting of Fixed Property, Supplies, Accounts Receivable and Working Cash
 ()Denotes Loss