Citation
Annual report of the Board of Directors of the Panama Rail Road Company to the stockholders

Material Information

Title:
Annual report of the Board of Directors of the Panama Rail Road Company to the stockholders
Alternate Title:
Report of the Panama railroad co. for the year
Portion of title:
Annual report of the Board of Directors of the Panama Railroad Company to the stockholders
Creator:
Panama Railroad Co
Place of Publication:
New York
Publisher:
Panama Rail Road Company.
Publication Date:
Frequency:
annual
regular
Language:
English
Edition:
No.84, 1933
Physical Description:
v. : ; 24 cm.

Subjects

Genre:
serial ( sobekcm )
federal government publication ( marcgt )

Notes

Numbering Peculiarities:
Fiscal year ends December 31, 1877-1904: fiscal year ends October 31, 1905; fiscal year ends June 30, 1906-1951.

Record Information

Source Institution:
University of Florida
Holding Location:
University of Florida
Rights Management:
This item is a work of the U.S. federal government and not subject to copyright pursuant to 17 U.S.C. §105.
Resource Identifier:
021902642 ( ALEPH )
07098325 ( OCLC )
Classification:
W 79.13/1: ( sudocs )

Aggregation Information

DLOC1:
Digital Library of the Caribbean
PCM:
Panama and the Canal
IUF:
University of Florida
IUFGOV:
Centers of Excellence at UF
UFPANCAN:
Documents of the Panama Canal

Downloads

This item has the following downloads:


Full Text

\ 4~-


OF THE

























TO THE S TOCKH OLD ERS FOR THE FISCAL YEAR ENDED JUNE 30, 1933


4'


',V 4,


4 4


'-'4


Aru ft oft
in la
















444
4 '44 24"'



'I'' '' '








I">



'44 "2' 444 44


'4' '2' '4


'


5"' 4'



4"4 '4


4,4'


A WN '


'4~~?
44 4',''4'4'

'44' 4~ '


4'





14':'44';


4" "4'"
'A '"'44'
4'' $4' '




54""


4'


4 '444


4"'" -44'


4444 7
''<110 ''4


'VI '41 A








A'l
''44 4' '


44,4~ *4~ 44'



4 4;


2'' . . . .4


4 :4


4 4 4


4" ' 4~ 4 4 '.4
4 4 4
4 ' ' 'A

4444~


4~4 ''.14'


444


'44''4 4




44 '. 4" 4"'3




4 .'. 44~ 44 /


4444


'4 ~4'.' 4 4'.44''.44.'44444'474'A


'7" "<


4 "l A


A'.'


D.:










.4 ..4 .. .. ..'.. '


'4 I'


~2





444


4444



>4


44*




4'' ''9

'4 '4 5444~







40


EIGHTY-FOURTH


ANNUAL
BOARD


REPORT OF OF DIRECT


OF THE


PANAMA RAIL ROAD


COMPANY


TO THE STOCKHOLDERS FOR THE FISCAL YEAR ENDED JUNE 30, 1933


WILBERT GARRISON CO.
82-84 BEEKMAN STREET, NEW YORK


THE ORS










TABLE OF CONTENTS



Page
List of Board of Directors and Officers............................ ......... 4
Letter of Transmittal ..................................................... 5


OPERATIONS UNDER THE NEW YORK OFFICE General Administration .................................................... 6
Panama Rail Road Steamship Line......................................... 7


OPERATIONS ON THE ISTHMUS
Financial:
Revenues from Operations on Lhe Isthmus............................. 8
Capital Jnvestment .................... ............................8
Reserve for Depreciation............................................. 9

Railroad Operations:
Revenue and Operating Expenses..................................... 9
General and Passenger Statistics...................................... 9
Freight Statistics................ ....... ............ ............ 9
Trackage .......................................................... 10
Rolling Stock ...................................................... 10

Business Operations on the Isthmus:
Harbor Terminals.................................................. 10
Coaling Plants..................................................... 11
Real Estate ........................................................ 11

Commissary ........................................................ 12
Manufacturing Plants .......................................... 13

Cattle Industry.................................................... 14
Dairy Farm................................................... 14
Plantations................................................... 14

Hotels............................................................ 14
Telephone and Electric Clock ........................................ 15
Staples ............................................................ 15
Baggage Transfer.................................................. 16
Interest and Exchange.............................................. 16
Expenditures under A. F. E.'s ........................................ 16
Completed Construction Work and Equipment.......................... 16
Construction Work in Progress ....................................... 16








TABLE OF CONTENTS-Continued


LIST OF FINANCIAL AND STATISTICAL TABLES
Financial: Page
Exhibit A, Statement of Income and Profit and Loss Account............ 17
Exhibit B, General Balance Sheet-Assets............................. 18
Exhibit B, General Balance Sheet-Li abilities.......................... 19
Exhibit C, Securities and Cash Fund Set Aside for Construction of Steamers 20 Table 1, Operating Revenue, Expenses and Net Revenue, 1932 and 1933.. 21
Table 2, Total Revenue, Operating Expenses, Net Revenue and Profit and
Loss from all Sources for the Fiscal Year ended June 30, 1933 22 Table 3, Capital Investment in Fixed Property, Equipment, etc.......24 Table 4, Material, Stock, Coal and Supplies............................ 25
Table 5, Reserve for Depreciation of Buildings, Plants and Equipment .... 26 Table 6, Railroad Operations, Revenue and Operating Expenses.......27
Table 7, Harbor Terminal Operation-Revenue, Expenses, Statistics,
"Canal Zone for Orders.. .............................. ..28
Table 8, Steamship Line Operations-Revenue and Expenses, 1932 and 1933 29 Table 9, Coal Plant Operations-Revenue, Expenses and Statistics........ 30 Table 10, Real Estate Operations-Revenue and Expenses 1932 and 1933 31 Table 11, Commissary Operations-Revenue and Expenses 1932 and 1933 32
Table 12, Commissary Purchases by Commodities; Location of Purchases;
Distribution of Sales............................ ........ 33
Table 13, Cattle Industry-Revenue, Expenses, Profit and Loss........... 34
Table 14, Dairy. Farm Operations--Revenue, Expenses, Profit and Loss. 35 Table 15, Plantations-Revenue and Expenses.......................... 36
Table 16, Hotel Tivoli Operations-Revenue and Expenses.............. 36
Table 17, Hotel Washington Operations-Revenue and Expenses.......... 37
Table 18, Telephone and Electric Clock Operations-Revenue and Expenses 37 Table 19, Stable Operations-Revenue and Expenses.................... 38
Table 20, Baggage Transfer Operations-Revenue and Expenses.......... 38
Table 21, Interest and Exchange-Revenue............................ 38

Statistical:
Table 22, Steamship Line Operations-Freight and Passenger Statistics 39 Table 23, Railroad Operations-General and Passenger Statistics........ 40 Table 24, Railroad Operations-Freight Statistics....................... 41
Table 25, Trackage, with Additions and Removals...................... 42
Table 26, Statement of Locomotives and Rolling Stock in service .... 43 Table 27, Statement of Expenditures under A. F. E.'s.................... 44
Table 28, Statement of Principal Items of Completed Construction Work
and Equipment added to Capital Account................... 45
Table 29, Construction Work in Progress at Close of Fiscal Year .... 46

















PANAMA RAIL ROAD COMPANY






BOARD OF DIRECTORS


G. H. DERN A. L. FLINT ELWYN GREENE W. R.GRUBER


J. L. SCHLEY... T. H. ROSSBOTTOM C. S. RIDLEY... W. R.PFIZER..

V. M. NEWTON. R. B. WALKER. A. L. FLINT ....
ROY R. WATSON G. R. SELKIRK W. J. SHERIDAN T. S. SPRAGUE W. K. B. POTTS R. R. ROGERS ... JOHN 0. COLLINS


FRANK McINTYRE JAY J. MORROW F. H. PAYNE C. S. RIDLEY


OFFICERS.

*President e . . .
*Vice-President... .. .. ..
" Second Vice-President.... Assistant to Vice-President, and
Secretary..... .. .. ..
"Treasurer . . . . "General Manager.... .. .. "General Purchasing Officer Chiel Quarter-master .."Auditor . . . . "Commissary Purchasing Agent "Freight Traffic Manager... "Superintendent ...... "General Counsel..... .. .. "Counsel on the Isthmus...


R. R. ROGERS T. H. ROSSBOTTOM J. L. SCHLEY M. L. WALKER


" BALBOA HEIGHTS NEW YORK "BALBOA HEIGHTS

. NEW YORK "NEW YORK "BALBOA HEIGHTS "WASHINGTON "BALBOA HEIGHTS "NEW YORIC .NEW YORK "NEW YORK NEW YORK NEW YORK ANCON


GENERAL OFFICES


24 TAE TRET...... ............................... NEW YORK


24 STATE STREET









PANAMA RAIL ROAD COMPANY


New York November 30, 1933

To THE STOCKHOLDERS:
I respectfully submit for your consideration a report of the Company's business and resulting financial condition for the twelve months from July 1, 1932, to June 30, 1933.
In that connection I would call your particular attention to the suboined detailed statements that cover the operation and maintenance of the Company's property.
The operation of the railroad and its appurtenances jointly with the steamship line resulted in a not income of $889,230.13, a decrease of $10,277.11 under last year. From this must be deducted profit and loss adjustments affecting previous years' operations, amounting to $14,768.35. This leaves a gross surplus of $874,461.78; deducting therefrom an 'additional dividend of $5,281.25 paid during the year makes a net surplus of $869,180.53, which is the amount added to the Company's surplus.
This result is arrived at after meeting all costs of operation, and allow. ing for charges to income aggregating $23,211.13 and depreciation of rolling stock, floating and plant equipment of $654,514.23. While the operating revenues were not as high as in the previous years, the profits accruing from railroad and business operations are satisfactory, considering the world-wide depression affecting business. The net income was 1.14 per cent less than in 1932.
In accordance with provisions in the War Department Appropriation Act, approved July 14, 1932, your company deposited in the Treasury of the United States special dividends aggregating $2,800,000 to be applied to the maintenance and operation of The Panama Canal. These funds were expended on the construction of the Madden Dam. The amount withdrawn from the funds of your Company was far in excess of its net earnings during the year and of necessity came from surplus and reserves. The accumulation of reserves for necessary replacements has been a fundamental policy of your Company, which has operated successfully under both private and Government ownership, and the strength, reliability and initiative of the Company in its many important services have rested upon conservative principles of management. It is important that its capital be not so depleted by further detachments for unrelated uses as seriously to weaken the Company and render it less capable of performing its services for the Panama Canal and the Government of the United States.

Respectfully submitted,


JL. SCHLEY,


President.








6 PANAMA RAIL ROAD COMPANY


OPERATIONS OF NEW YORK OFFICE
GENERAL ADMINISTRATION

On November 14, 1932, the Board of Directors accepted the resignation of Brig. General H. Burgess as President and as Director of the Company, and adopted resolutions expressive of their appreciation of the valuable services rendered by him for the past eight years during an especially trying period of business depression when his wise counsel contributed in no small measure to the successful operation of the corporation.
On November 14, 1932, Lt. Col. J. L. Schley was elected President; and on the same date, Lt. Col. C. S. Ridley was elected a Director in place of General Burgess, and Second Vice-President in place of Col. Schley.


It was with sincere regret that the Directors learned of the sudden death of General Burgess on March 18, 1933, following a major operation.


On May 8, 1933, the resignation of Mr. John Taber as a Director was accepted; and the Board of Directors adopted resolutions expressive of their appreciation of the valuable services he had rendered to the Company.
In last year's report, reference was made to the declaration by the Board of Directors at its meeting held June 28, 1932, of a dividend in cash equal to the proceeds of $2,800,000. par value 31% United States Government bonds of 1946-49. The amount realized from the sale of these bonds, at an average price of 99-26/32, was $2,794,718.75. On April 3, 1933, an additional dividend of $5,281.25 was declared so as to make the total payment $2,800,000.; and on May 23, 1933, final payment was made on account of this dividend, amounting to 40%7 upon the capital stock of the Company.
Since 1904, when the United States Government secured control of the Company, dividends, aggregating 125%7 upon the capital stock, have been declared by the Directors, and dividend payments amounting to $8,744,905. have been deposited with the Treasury of the United States. During the same period, the 'capital assets of the Company have increased from $11, 421,117.93 to $35,390,896.79 through the employment of part of the earnings of the Company for the purchase of locomotives and other rolling stock, the construction of concrete docks, commissary buildings, plants, and necessary equipment, the installation of modern telephone system throughout the Canal Zone, and similar improvements necessary for the economical and efficient conduct of the Company's business.
Salary adjustments of the personnel afloat and ashore have been made in accordance with the provisions of the Economy Bill passed by Congress.
Following the usual practice, Haskins & Sells, Certified Public Accountants, have audited the general books and accounts of the Company that are kept in New York, as well as the accounts of the Trustees of the







PANAMA RAIL ROAD COMPANY


Pension Fund. They have verified the cash and securities held in New York in the custody of the officers, the Committee of Securities of the Board of Directors, and the Trustees of the Pension Fund; and they have accepted the report of the Auditor of the Panama Canal in the Canal Zone of his verification of the Company's cash on hand at the Isthmus that is held by the Collector and Paymaster of the Panama Canal. The accounts covering the operations of the Company on the Isthmus are based upon monthly reports rendered by the Auditor of the Panama Canal, who is in charge of the auditing of the Isthmus accounts of the Company and of the Panama Canal.

PANAMA RAIL ROAD STEAMSHIP LINE
The gross operating revenue of the Steamship Line from the transportation of freight, passengers, and mail during the fiscal year that ended June 30,.1933, was $939,880.67 as compared with $1,231,241.59 during the previous year. There was a decrease of 24,281 tons in the cargo carried, causing a decrease in freight revenue of $212,241.05; a decrease of 996 in the number of passengers carried, causing a decrease in passenger earnings of $44,908.93; and a decrease in mail earnings of $34,210.94, making a total decrease in revenue of $291,360.92.
Operating expenses, which included charges to depreciation of $125,329.52, amounted to $1,260,365.32, as compared with $1,528,321.50 during the previous year, a decrease of $267,956.18. This resulted in an operating deficit of $320,484.65 as compared with $297,079.91 in 1932.
Freight traffic of the Panama Canal and other Departments of the United States Government was carried at a reduction of 25% from established tariff rates. Passenger traffic for account of these Government Departments, including Panama Canal employes and their families, was carried at reductions from established -tariff rates that range from 25%7 to 80%. These reductions in freight and passenger charges amounted to $420,642.54. Had the Steamship Line been credited with its tariff rates on this freight and passenger traffic carried for account of the Government, its operations would have resulted in a profit of $100,157.89. The number of passengers carried for account of the Government was
4,752 adults
697 children under 12 years of age
227 inf ants under 3 years of age.

The Company's steamships have been maintained in good operating condition, and are periodically inspected and approved by the United States Steamboat Inspection Service.







8 PANAMA RAIL ROAD COMPANY


OPERATIONS ON THE ISTHMUS
REVENUES FROM OPERATIONS ON THE ISTHMUS

The gross receipts from sales and services furnished during the fiscal year 1933 amounted to $11,135,557.90. The cost of sales, including operating expenses, amounted to $10,370,809.90, leaving a net revenue of $764,748.00. Adding thereto interest and exchange and miscellaneous profit and loss items amounting to $19,684.28, results in a net income of $784,432.28 for the year as compared with $782,464.49 for the fiscal year 1932, an increase of $1,967.79, or one-fourth of one per cent, as compared with a decrease of 21 per cent the preceding fiscal year. This increase is accounted for by an increase in the net revenue from the operations of the railroad proper, the harbor terminals, telephones and electric clocks and a decrease in the losses on coal and hotel operations. There was a decrease in the net revenue from commissary, real estate, cattle and dairy operations. Report of the gross revenue, operating expenses and net revenue of the operating units on the Isthmus is shown in Tables No. 1 and 2.


CAPITAL INVESTMENT
The total capital investment of the Panama Rail Road and its various business interests on the Isthmus in real estate, coal, commissaries, supplies, plant equipment, etc., cattle, dairy stocks, and material, at the close of the fiscal year amounted to $34,277,152.14 as compared with $34,937,897.76 in 1932, a decrease of $660,745.62 or 1.89 per cent. Details are shown in Tables 3 and 4. The principal changes during the year were as follows:


INCREASE DECREASE
Railroad, proper.............................................. $ 20,500.00
Harbor terminal............................................... 26,100.00
Coaling plants................................................ 50,700.00
Telephone.................................................... .-1,100.00
Real estate................................................. $358,800.00
Hotels...................................................... 7,000.00
Cattle industry................................................ 6,000.00
Commissaries.................................................. 569,600.00
Uncompleted construction...................................... 352,800.00


The decrease in the railroad proper was largely due to decrease in stock of maintenance of way materials on hand; that of the harbor terminals to decrease in equipment; that of the coaling plants to stock of coal on hand; that of the commissaries to lessened value of plant and stock of merchandise; and that in uncompleted construction to completion of buildings and the inclusion of their value under real estate.








PANAMA RAIL ROAD COMPANY


RESERVE FOR DEPRECIATION
The total reserve for depreciation set aside to date amounted to $7,219,107.65 at the close of the fiscal year, as compared with $6,907,346.17 for the previous fiscal year, an increase of $311,761.48 or 4.5 per cent. Itemized statement will be found in-Table No. 5

RAILROAD OPERATIONS
REVENUE AND OPERATING EXPENSES
The total revenue from the operations of the railroad proper during the fiscal year amounted to $1,328,229.81. The total operating expenses were $1,204,305.19, leaving a net revenue of $123,924.62 for the year, as compared with $56,588.80 for the previous year, an increase of $67,335.82 or 118 per cent. Classification of the operating revenue and expenses is presented in Table No. 6.

GENERAL AND PASSENGER STATISTICS
The gross revenue per mile of road operated decreased $2,215.70, compared with 1932, and operating expenses per mile of road decreased $3,630.02, resulting in a net increase of $1,414.32 in net revenue per mile of road. Revenue train mileage decreased 7,069 miles as compared with 1932. Locomotive mileage decreased 18,887 miles.
Gross revenue from passengers transported, including baggage, mail, express, special trains, motor cars, etc., amounted to $464,313.04. Passenger transportation expenses, based on pro rata of train and locomotive mileage, were charged at $501,753.08, resulting in a deficit of $37,440.04 as compared with a deficit of $60,413.82 for the preceding year.
There were 363,109 passengers transported during the year, as compared with 409,954 in 1932, a decrease of 46,845 passengers for the year, or 11.4 per cent. Detail of passenger traffic is stated in Table No. 23.

FREIGHT STATISTICS
Gross revenue from freight transported, including switching, demurrage, storage, etc., during the fiscal year amounted to $799,003.27. Freight operating expenses based on pro rata of train and locomotive mileage were charged at $637,638.61, leaving a net revenue of $161,364.66, as compared with $117,002.62 for the previous year, an increase of $44,362.04 for the year, or 37.9 per cent.
The freight revenue tonnage transported during the year amounted to 292,525 tons, as compared with 263,527 tons for 1932, an increase of 28,998 tons, or 11.0 per cent. The revenue ton miles amounted to 9,975,763 and increased 337,505 or 3.3 per cent as compared with 1932 tonnage. Local and through commercial freight decreased in ton-miles by 992,915 but an increase in Canal freight of 1,303,081 ton-miles occasioned an increase in the total ton-mileage of freight handled.
Itemized classification of freight movement is presented in Table No. 24.








10 PANAMA RAIL ROAD COMPANY


TRACKAGE
The total trackage maintained by the roadmaster during the fiscal year, including Panama Rail Road, Panama Canal, and United States Army trackage, amounted to 145.66 miles as compared with 145.91 miles for the previous year, or a decrease of .25 miles. This represents the difference in miles of old track taken out and new tracks laid.
During the year a total of 3.323 miles of main line track were relaid with new 90-pound rail; all on the Pedro Miguel section.
Data on track maintenance are given in Table No. 25.

ROLLING STOCK
At the close of 'the fiscal year there were 11 road locomotives, 12 yard locomotives, 55 passenger cars, 1,034 freight cars, 3 motor cars and six pieces of miscellaneous equipment in service. No new cars were built during the year and no alterations of consequence made to cars or locomotives with the exception of the installation of wash basins with running water in the toilets of first-class coaches. It was decided that there were too many cars of certain classes for operating economy and these cars were not repaired but were taken out of service as fast as they wore or deteriorated to a point requiring rebuilding or heavy repairs. At the end of the year there were 123 such cars set out. Of the remaining freight equipment, 104 cars were classed as in excellent condition, 440 in very good condition, 294 in good condition, and 133 in poor condition. The cost of car maintenance during the year was $174,680.61 which covered heavy repairs to 291 pieces of equipment and light repairs to 1,182 and includes $21,216.13 for painting of 29 coaches. The total cost of locomotive overhauls and maintenance during the year was $84,933.60 which included $25,961.99 for heavy repairs to seven locomotives. The combined cost of car and locomotive maintenance, $259,614.21, was less by $122,100.56 than the expenditure for such work in 1932.
A summary of rolling stock on hand and in service as of June 30, 1933, is presented in Table No. 26.

BUSINESS OPERATIONS ON THE ISTHMUS
HARBOR TERMINAL OPERATIONS
The gross revenue from harbor terminal operations during the fiscal year was $1,257,256.58, and operating expenses were $899,804.72, leaving a net revenue of $357,451.86 as compared with $286,379,97 in 1932, an increase of $71,071.89, or 24.8 per cent, for the year. The gross tonnage of cargo stevedored, handled, and transferred during the fiscal year amounted to 1,357,369 tons, as compared with 1,301,370 for the previous year, an increase of 55,999 tons, or 4.3 per cent. Cargo stevedored amounted to 331,241 tons during the fiscal year, as compared with 311,836 tons for the previous year, an increase of 19,405 tons or 6.2 per cent.
During the year "Hold for Orders" cargo amounting to 10,979 tons was received and 10,948 tons were reforwarded and delivered locally, as


10








PANAMA RAIL ROAD COMPANY 1


compared with 14,001 tons received and 14,886 tons reforwarded and delivered locally in 1932. The revenue f or handling and storage amounted to $28,033.91 as compared with $37,159.87 for the previous year, a decrease of $9,125.96 or 24.6 per cent f or the year.
During the year 3,593 cargo ship's and 900 banana schooners were handled, as compared with 3,480 cargo ships and 1,020 schooners last year. Agency services were furnished to 197 vessels as compared with 192 in the preceding year.
A summary of harbor terminal operations is presented in Table No. 7.


COALING PLANTS
The total revenue from the sale of coal, and charges for extra handling during the year amounted to $261,716.07. The cost of sales, including operating expenses, was $332,494.02, resulting in a net loss of $70,777.95, as compared with a loss of $159,932.23 last year. During the year 41,945 tons of coal were purchased and 39,327 tons were sold. This was the lowest volume for a year since the establishment of the plants.
The selling price of coal remained the same during the entire year: At Cristobal, run-of-mine $6.25 per ton and nut and slack at $5.25 per ton, both prices including trimming in bunkers; at Balboa, run-of-mine only at $9.25 per ton, trimmed in bunkers.
The gold and silver operating maintenance forces were placed on practically a half-time working basis, on November 1, 1931, due to the decreased coal sales and operation, thereby effecting a considerable saving in payrolls, and, at the same time, continuing in service the greatest number of employees consistent with conditions. This method of employment was continued throughout the fiscal year 1933.
Effective October 1, 1932, the Coaling Plants organization was consolidated with that of the Receiving and Forwarding Agency and all administrative and office work was transferred to the office of the Receiving and Forwarding Agent, which resulted int a further reduction of expenses.


REAL ESTATE OPERATIONS
Rental from lands and buildings during the year amounted to $269,533.14. Operating expenses were $110,532.25, leaving a net revenue of $159,000.89, as compared with $221,290.64 in 1932, a decrease of $62,289.75, or 28.2 per cent for the year. There were in effect at the close of the fiscal year 1,430 leases and 17 licenses covering the use of Panama Rail Road properties in the cities of Colon and Panama. Statement of revenues and expenses is presented in Table No. 10.
In the decrease in revenue, $43,871.95 was due to a discount of 25 per cent given to all lessees who were paying the full commercial rental and who paid their accounts for the first three quarters of the fiscal year before April 30, 1933. This reduction was given as a relief measure due to depres-


11








12 PANAMA RAIL ROAD COMPANY


sion in business and the consequent reduction in earnings on real estate amounted to $43,871.95.
The policy of disposing of real estate holdings in the city of Panama which are not used for business purposes was continued. During the year, lands comprising 147.18 square meters were sold for $10,302.60 or $70.00 per meter, bringing the total sales to the close of the year to $700,788.04.


COMMISSARY OPERATIONS
The gross receipts from sales and services during the fiscal year amounted to $7,313,380.84. The total cost of sales and services was $7,015,148.28, leaving a gross profit of $298,232.56. Deducting therefrom buildings written off to commissary profit and loss in amount of $73,355.98 leaves a net profit of $224,876.58 for the year, as compared with $330,711.35 for 1932, a decrease of $105,834.77 or 32 per cent.
The volume of business transacted during the year averaged $609,448.40 per month, as compared with $695,602.19 per month for the previous year, a decrease of $86,153.79, or 12.4 per cent per month. Total sales to steamships amounted to $552,248.57, including $252,516.25 to United States Naval vessels. The average stock turnover was once every 2.74 months.
Sales to commercial vessels for the past four years, showing decrease under previous year and percentage of decrease, are presented in the following tabulation:


TOTAL SALES TO DECREASE UNDER PERCENTAGE OF FISCAL YEAR COMMERCIAL VESSELS PREVIOUS YEAR DECREASE

1930 $1,098,971.12 $ 35,915.63 3 1931 789,365.78 309,605.34 28 1932 458,943.30 330,422.48 42
1933 294,416.69 164,526.61 35.85


The sales in 1933 -were 425.9 per cent of those in 1929, which amounted to $1,13,86.75.


12








PANAMA RAIL ROAD COMPANY 1


MANUFACTURING PLANTS

Following is a comparative statement of the output of the manuf acturing plants (principal items) f or the fiscal years 1930 to 1933:


1930 1931 1932 1933


LAUNDRY:
Pieces handled.......6,966,128 Value of output .......... $ 265,321.81


BAKERY:
Bread, loaves............
Rolls, each.............
Cakes, lbs...............
Crackers, lbs.............
Value of output......

COFFEE ROASTING PLANT:
Coffee, lbs..............
Corn and cornmeal.......
Peanuts, lbs.............
Value of output......


7,208,634 6,789,634 6,529,906 $273,933.52$ 250,787.67 $ 237,988.38


5,180,361 5,461,573 2,329,682 2,175,602
72,708 71,024 280,512 381,347 323,717.01 $ 324,628.30


227,095 228,160 30,950 39,940 46,902 44,248 103,309.16 $ 83,509.97


5,131,580 1,717,399
70,160
438,222 $ 306,437.02


247,792
24,433 27,164 $ '77,711.04


4,964,778 1,623,505
60,263 393,572 $286,842.65


253,135
28,254 17,377 $71,236.43


ICE MANUFACTURING PLANT:
Ice Manufactured, tons ... 34,275 Value of output. .. .. o.....$ 304,794.59

ICE CaEAM AND MILK BOTTLING PLANT:
Ice Cream manufactured,
gals ........................39,809
Milk bottled, qts ............ 558,629
Cream bottled, qts. .....a.....22,021
Value of output .......... $ 210,948.68
SAUSAGE FACTORY & PICKLING DEPT.:
Sausage products, lbs. 760,434 Hamburger steak, lbs. 180,717 Corned beef, lbs............ 93,483
Smoked meats, lbs .......... 19,830 Corned products, lbs.......72,298 Value of output .......... $ 270,067.78

INDUSTRIAL LABORATORY:
.Value of output........... $ 248,259.91

ABATTOIR:
Cattle killed, head .... 8,347 Value of output......... $ 591,611.61 Value of total output .... $2,3185,30.55


33,022 27,930 28,388 $260,677.49 $ 214,504.39$ 206,657.38


44,891 725,392
26,237 $252,887.37


616,013 163,627 91,028 15,721 81,380 $228,651.92


51,832
844,908
22,904 $269,181.17


449,939 123,596 53,337
14,193 109,535 $150,051.90


58,630 841,690
24,081 $259,98.53


342,646 55,226 31,572
9,104
195,996 $102,250.85


$251,945.45 $ 233,957.86 $ 216,662.47


9,697
$ 640,918.70 $2,317,152.72


4,678
$ 260,395.38 $1,763,026.43


2,245
$ 124,465.53 $1,506,092.22


The total value of the output during the four years shows a decrease in value of from $2,318,030.55 to $1,506,092.22 or 35 per cent. During the same period transits of vessels through the Canal decreased by about 24 per cent.


13







14 PANAMA RAIL ROAD COMPANY


The established policy of making purchases in the United States whenever practicable was continued, but there are certain items which the patrons demand whi ch can not be secured in the United States, and others on which the prices, plus the cost of freight and handling, make it impossible to sell them because customers can purchase foreign-made goods in other markets at lower prices. In such cases it is the policy to give a margin of preference to the American product in making purchases for the commissary stock.
Statements of sales and expenses, and of purchases by class and location, and distribution of sales are presented in Tables Nos. 11 and 12.

CATTLE INDUSTRY
Gross revenue from sale of cattle and other products during the fiscal year amounted to $112,790.70. The cost of cattle sold, including operating expenses amounted to $108,734.24, leaving a net profit of $4,056.46 compared with a net profit of $30,644,66 for the fiscal year 1932.
At the beginning of the fiscal year, there were 132 head of cattle on hand. Purchases during the year amounted to 1,857 head. During the year 1,984 head were turned into the Commissary Division for slaughter, and 5 head died, leaving none on hand at the end of the fiscal year.
A summary of cattle operations is presented in Table No. 13.

DAIRY FARM
Operations of the dairy farm for the fiscal year resulted in a net profit of $12,419.62 as compared with a net profit of $17,979.28 for the fiscal year 1932.
At the beginning of the fiscal year there werc 675 head of cattle on hand, 103 head were purchased, 82 calves were born; 93 head were turned into the Commissary Division for slaughter, 14 head died, 2 sold to individuals or companies, leaving 751 head on hand at the close of the year. Milk in the amount of 208,525 gallons was produced, of which 203,050 gallons were sold to the Commissary Division and 5,475 gallons were fed to calves. During the year the price of milk was reduced to 56 cents per gallon.

Detail of revenues and expenses is presented in Table No. 14.

PLANTATIONS
Revenue from plantation operations during the fiscal year amounted to $2,460.68, and operating expenses were $1,407.19, resulting in a net profit of $1,053.49, as compared with a net profit of $1,456.19 for the previous fiscal year. All plantations continued being operated under contract.
Detail of revenues and expenses is presented in Table No. 15.

HOTEL OPERATIONS
Hotel Tivoli: The gross receipts from the operation of the Hotel Tivoli during the fiscal year were $110,250.48, and the operating expenses were


14







PANAMA RAIL ROAD COMPANY 1


$170,769.40, resulting in a net loss of $60,518.92 for the year as compared with a net loss of $61,571.39 for the previous year. Operating expenses include increases in unexpended reserves totalling $11,325.60.

Details of revenue and expenses are shown in Table No. 16.

The operation of this hotel by the Panama Rail Road during the past four years shows a gross difference of expenses over revenues of $190,833-.63. However, included in the charges to expenses for this period were $30,000.00 annually or a total of $120,000.00, paid to The Panama Canal for amortization of The Panama Canal building and equipment and $54,713.83 in unexpended reserves, leaving a total of $174,713.83 for the expenses, as charged, still in the possession of the Government, so that the actual cash operating outlay during the four years was $16119.80 more than the gross revenue for the same period.
Hotel Washington: The gross receipts from the operation of this hotel for the fiscal year were $85,288.00. The operating expenses were $128,656.12, resulting in a net loss of $43,368.12 as compared with a net loss of $48,590.52 for the previous year. The operaing expenses included a charge of $11,106.86 as a reserve for the replacement of buildings and equipment. Statement of revenue and expenses is shown in Table No. 17.

The decrease in revenues from both hotels was caused by the general business depression and the decrease in tourist travel. As the hotels are considered essential adjuncts to the canal and railroad in affording suitable accommodations to people having business with the canal or railroad, foreign visitors, tourists, visiting Government officials, and others, their continued operation under the present policy seems justified.


TELEPHONE AND ELECTRIC CLOCK OPERATIONS

Gross revenue from telephone and electric clock operations, including the rental from telegraph printing machines, amounted to $242,089.20. Operating expenses were $185,810.23, resulting in a net profit of $56,278.97, as compared with a net profit of $50,042.89 for the fiscal year 1932, an increase of $6,236.08.

During the year 980 telephones were re-connected or installed and 1,163 were discontinued or removed, resulting in a net decrease of 183 telephones for the year. At the close of the fiscal year there were 2,766 telephones, 64 electric clocks and 26 printing telegraph machines in service.
Statement of revenue and expenses is shown in Table No. 18.


STABLE OPERATIONS

The gross revenue from the stable operations for the fiscal year was $16,539.34. Operating expenses were $15,452.16, leaving a net profit of $1,087.18 as compared with a net profit of $3,159.90 for the previous fiscal year. Details are shown in Table No. 19.


15







16 PANAMA RAIL ROAD COMPANY


BAGGAGE TRANSFER OPERATIONS
Gross revenue from baggage transfer operations during the fiscal year was $10,216.75. Operating expenses were $10,953.43, resulting in a net loss of $736.68 as compared with a net loss of $3,251.45 for the previous year. Detail is presented in Table No. 20.


INTEREST AND EXCHANGE
The revenue from interest and exchange on the Isthmus for the fiscal year amounted to $19,287.18, compared with $15,239.25 for the fiscal year 1932, an increase of $4,047.93. Detail is shown in Table No. 21.


EXPENDITURES UNDER A. F. E.'s
A total of approximately $121,300.00 was expended under 47 authorities for expenditure during the fiscal year, bringing the total expended on these A. F. E.'s to approximately $515,000.00. These were for a wide variety of operations as shown in Table No. 27.


COMPLETED CONSTRUCTION WORK AND EQUIPMENT
The principal items of construction. added to the capital account during the fiscal year were: Municipal improvement and filling of six blocks -of unimproved land in the city of Colon; Municipal improvement to the Santa Cruz area, Panama City; twelve Teletype machines; wig-wag signals at grade crossings at Corozal and Balboa Heights; and two new dry tumblers for the Ancon Laundry. A summary is presented in Table No. 28.


CONSTRUCTION WORK IN PROGRESS
At the close of the fiscal year construction work, of which the estimated cost is $44,097.51, was in progress. The principal items of such work were: Equipment for telephone service to serve the Madden Dam Project; construction of yard office building in Balboa Yard; new equipment for Ancon Laundry; refrigerated water coolers in Commissary Division units; and improvements to refrigerating. system at Ancon Commissary. A summary is presented in Table No. 29.


16










PANAMA RAIL ROAD COMPANY


17


EXHIBIT A STATEMENT OF INCOME AND PROFIT AND Loss ACCOUNT FOR THE FISCAL YEAR ENDED JUNE 30, 1933 INCOME ACCOUNT


NET OPERATING REVENUE:
Railroad-Table No. 6..............................
Harbor Terminals-Table No. 7.......................
Steamship Line-Table No. 8.........................
Coal Plants-Table No. 9............................
Real Estate-Table No. 10............................
Commissary-Table No. 11..........................
Cattle Industry-Table No. 13.......................
Dairy Farm-Table No. 14 ..........................
Plantations-Table No. 15...........................
Hotel Tivoli-Table No. 16...........................
Hotel Washington-Table No. 17......................
Telephone and Electric Clock-Table No. 18............
Stables-Table. No. 19...............................
Baggage Transfer-Table No. 20.....................
Miscellaneous......................................

Total Net Operating Revenue ....................

INCOME CREDITS:
Interest and Exchange-Table No. 21 .................

GaOSS INCOME FOR FISCAL YEAR:

INCOME CHARGES:
Contribution to Pension Fund:.......................

NET INCOME FOE THE FISCAL YEAR-Table No. 2............


$123,924 62 357,451 86 (320,484 65) (70,777 95) 159,000 89 224,876 58
4,056 46 12,419 62 1,053 49 (60,518 92) (43,368 12) 56,278 97 1,087 18 (736 68) 397 10


Denotes a deficit.

PROFIT AND LOSS ACCOUNT


CREDITS :
Net Income for Fiscal Year ended June 30, 1933, as above.
Profit from sale of Securities ........................
Total Credits...................................

CHARGES:
Writing off track removals ..........................
Writing off capital value of barge No. 87, constructed in
1910, transferred to Panama Canal for use as garbage and landing barge. No longer serviceable for general use
Injury claim applicable to prior period................
Adjustment of freight revenue, prior periods...........
Adjustment of inventories ..-............
Miscellaneous items................................

Total Charges..................................

GROSS SURPLUS FOR YEAR ENDED JUNE 30, 1933 .............

LESS:
Special dividend declared so as to make the total dividend
payment $2,800,000.00 instead of the proceeds of sale of $2,800,000.00 par value U. S. Government bonds ... NET SURPLUS FOR YEAR ENDED JUNE 30, 1933..............

SURPLUS AT JULY 1, 1932...............................

TOTAL SURPLUS, JUNE 30, 1933............................


$4,790 00


10,561 25 1,000 00 4,724 05 3,640 52 1,162 00


$444,660 45 467,780 81 912,441 26 23,211 13 $889,230 13


$889,230 13
11,109 47

900,339 60












25,877 82 874,461 78




5,281 25

869,180 53 35,756,725 66

$36,625,906 19











18 PANAMA RAIL ROAD COMPANY EXHIBIT B

COMPARATIVE CONDENSED GENERAL BALANCE SHEET, JUNE 30, 1932 AND 1933 ASSETS


Capital investment in railroad, piers, plants,
real estate, buildings and appurtenances, as detailed in Table No. 3...............
Nominal value of contract of concession from
the Republic of New Granada dated 1850, modified by contract with the United States of Colombia in 1867, confirmed by Republic of Panama in 1903, and expiring in 1966.. Capital investment in floating~ and shore
equipment, as detailed in Table No. 3 ....
Total Capital Investments.............
CURRENT ASSETS:
Cash in Banks and on Hand:
New York-Treasurer................
isthmus-Paymaster ........
Isthmus-Collector.....................
Notes Receivable.......................
Due from Agents ... *** Due from Connecting Carriers...........
Due from United States Govt. Departments.
Due from Individuals and Companies ..
Total Current Assets.................
Cost of commissary, railroad and other supplies, coal, material, etc., on hand and in transit on June 30, 1933, as outlined in Table No. 4...........................
DEFERREo ASSETS:
Working funds held by Agents, Pursers, etc. Other deferred assets....................
Total Deferred Assets.................
DEFERRED DEBIT ITEMS:
Rent and insurance premiums paid in advance ........ :...............
Items covering expenditures already incurred that are to be absorbed into operating expenses:
General and Extraordinary Repairs, Steamers............................
Sundry Accounts.......................
Total Deferred Debit Items............
Cost of securities representing reserve for accrued depreciation and replacement of property and equipment-as it becomes obsolete or worn out, the details of the depreciation being indicated in Table No. 5. Consisting of:
Market Value
Cost Jusne 30, 1933 U. S. Treasury:
3 % Bonds .. $1,299,593.75 $1,286,593.75 31/ % Bonds. 4,530,4,37.50 4,504,218.75 33/4 % Bonds. 410,687.50 420,375.00 4 % Bonds .. 1,240,390.63 1,280,250.00
Ctfs. of Indebtedness 41,-% 84,000.00 85,522.50
N. Y. State
4% Bonds ... 13,385.00 12,155.00 New York City
41/ % Bonds. 566,435.75 504,200.00

$8,142,930.13 $8,093,315.00

Fund set aside for the construction of steamers, created May 24, 1911, and outlined in Exhibit C (market value June 30, 1933$4,054,980.00) in the custody of the Comnmittee of Securities of the Board of Directors ........................... ......
TOTAL..................


1933



$32,924,151 10




1 00

2,466,744 69 $35,390,896 79



$645,622 12 1,077,714 12 81,524 64
235,000 00 117,281 39
4,020 33
337,393 82 138,667 19 $2,637,223 61



$1,642,032 43

$25,326 25
126,624 40
$151,950 65


$17,064 75




11,170 40
164,387 77
$192,622 92




$8,142,930 13'a


4,786,737 63 $52,944,394 16


1932



$33,207,547 47




1 00

2,466,744 69 $35,674,293 16



$1,116,246'34 2,085,697 39 134,676 45 285,000 00 99,983 97
4,493 93
3383,038 67 136,420 32 $4,200,557 07



$2,028,705 39

$20,350 00
134,274 40
$154,624 40


$12,481 31




887 00
201,412 332 $214,780 64




$7,581,977 00


I I I


4,513,29 91 273,307 72 Inc. $5436836757$1,423,973 41 Dec.


COMPARISON



$283,396 37 Dec.








$283,396 37 Dec.



$470,624 22 Dec. 1,007,983 27 Dec.
53,151 81 Dec.
50,000 00 Dec.
17,297 42 Inc.
473 60 De(.
644 85 Dec.
2,246 87 Inc. $1,563,333 46 Dec.



$386,672 96 Dec.

$4,976 25 Inc.
7,650 00 Dec.
$2,673. 75 Dec.


$4,583 44 Inc.




10,283 40 Inc.
37,024 56 Dec.
$22,157 72 Dec.




$560,953 13 Inc.


I t


4,513,429 91 $54,36S,1367 57










PANAMA RAIL ROAD COMPANY


19


EXHIBIT B COMPARATIVE CONDENSED GENERAL BALANCE SHEET, JUNE 30, 1932 AND 1933 LIABILITIES


Capital Stock-70,000 shares of par value
of $100.00...........................

CURRENT LIABILITIES.
Dividend declared June 28, 1932 payable
during fiscal year 1932-19830......... Accounts Payable ......... New York................ $334,483.61
Isthmus................... 42,000.65

Salaries and Wages Payable ..........* *
New York................. $ 60.74
Isthmus................... 116,547.43
Balance due Connecting Carriers..
Sundry Creditors......................

Total Current Liabilities.............

DEFERRED CREDIT ITEMS:
Commissary Coupon Book receipts ..
Mileage Book receipts................
Passenger Agents receipts............
Items covering collections already made
but not distributed to income up to
June 30, 1933...........

Total Deferred Credit Items..........

ACCRUED DEPRECIATION:
For replacement of property and equipment as it becomes obsolete or worn out, as detailed in Table No. 5..
Reserve set aside for extraordinary repairs and dredging of harbor terminals
Operating reserves ..................

Total Reserves ....................

























Profit and Loss Surplus ................

Total............................


1933


1932


$7,000,000 001 $7,000,000 001


376,484 26 116,408 17



8,154 14 15,005 51 $516,052 08


2,800,000 00 277,585 53



136,193 06


COMPARISON


82,800,000 00 Dec.
98,898 73 Inc.



19,784 89 Dec.


5,603 97 2",550 17 Inc. 3,343 19 11,662 32 Inc.


$3,222,725 75


$2,706,673 67 Dec.


$93,337 11 $107,278 42 $13,941 31 Dec.
5,859 45 5,885 92 26 47 Dec.
7,497 00 4,984 50 2,512 50 Inc.


45,785 23 56,122 70 10,537 47 Dec. $152,478 79 $174,271 54 $21,792 75 Dec.




$8,536,027 82 $8,098,936 82 $437,091 00 Inc.

100,000 00 100,000 00
13,929 28 15,707 80 1,778 52 Dec. $8,649,957 10 $8,214,644 62 $435,312 48 Inc.


$36,625,906 19 $35,756,725 66 $52,944,394 16 $54,368,367 57


$869,180 53 Inc. $1,423,973 41 Dec.










20 PANAMA RAIL ROAD COMPANY



EXHIBIT C

SECURITIES AND CASH FUND SET ASIDE FOR CONSTRUCTION OF STEAMERS, IN CHARGE OF COMMITTEE OF SECURITIES

JUNE 30, 1933


PAR VALUE BOOK VALUE

Albany & Susquehanna Rail Road Co., First 3 2% Bonds, 1946 $ 10,000 00 $ 8,550 00 Atchison, Topeka & Santa Fe Railway o General 4% Bonds, 1995 100,000 00 95,553 75 Baltimore & Ohio Rail Road Co., First 4% Bonds, 1948.......... 100,000 00 91,250 00
Bell Telephone Co. of Pennsylvania, First & Refunding 5% Bonds,
1960.................................................. 15,000 00 17,005 00
Central Pacific Railway Co., First Refunding 4% Bonds, 1949. ... 150,000 00 140,510 25 Chicago, Burlington & Quincy Rail Road Co., Illinois Division,
3 /2% Bonds, 1949...................................... 100,000 00 87,750 00
Chicago, Burlington & Quincy Rail Road Co., General 4% Bonds,
1958................................................. 100,000 00 96,000 00
Chicago, Milwaukee & St. Paul Railway Co., General 41/2 % Bonds,
1989................................................. 100,000 00 103,338 75
Chicago & Northwestern Railway Co., First & Refunding 41/2 %
Bonds, 2037........................................... 190,000 00 185,275 00
Chicago & Northwestern Railway Co., First & Refunding 5%
Bonds, 2037...................... ..................... 70,000 00 76,08 25
Delaware & Hudson Co., First & Refunding 4% Bonds, 1943. ... 200,000 00 192,562 50 Detroit Edison Co., General & Refunding 41/2 % Bonds, 1961... 25,000 00 25,850 00 Federal Land Bank, 41/2 % Bonds, 1942-32...................... 42,000 00 42,105 00
Federal Land Bank, 43/4% Bonds, 1954-34.................. **1,258,000 00 1,266,205 00
Fremont, Elkhorn & Missouri Valley Railroad Co. First 6% Bonds,
1933.................................................. 22,000 00 22,440 00
Great Northern Railway Co., First & Refunding 414 % Bonds, 1961 100,000 00 99,875 00 Illinois Central Railroad Co., Refunding 4% Bonds, 1955........ 100,000 00 96,187 50 Kings County Lighting Co., First Refunding 5% Bonds, 1954 .... 15,000 00 16,200 00 Louisville & Nashville Railroad Co., Unified 4% Bonds, 1940. ... 100,000 00 96,771 25 Louisville & Nashville Railroad Co., First & Refunding 41/2 %
Bonds, 2003............................................ 20,000 00 19,000 00
Louisville & Nashville Railroad Co., First & Refunding 5%
Bonds, 2003............................................ 20,000 00 21,250 00
Michigan Central Railroad Co., Michigan Air Line Railroad First
4% Bonds, 1940........................................ 25,000 00 23,625 00
New Jersey Power & Light Co., First 41/2% Bonds, 1960.......... 15,000 00 15,262 50
New York Central & Hudson River Railroad Co., Refunding &
Improvement 4 /% Bonds, 2013........................... 125,000 00 122,656 25
New York Central Railroad Co., Refunding & Improvement 5%
Bonds, 2013........................................... 183,000 00 197,613 75
Northern Pacific Railway Co., General Lien 3% Bonds, 2047... 50,000 00 33,468 75 Northern Pacific Railway Co., Refunding & Improvement 5%
Bonds, 2047........................................... 138,000 00 149,993 99
Northern Pacific Railway Co., Refunding & Improvement 6%
Bonds, 2047........................................... 200,000 00 224,472 50
Pennsylvania Rail Road Co., General 41/ % Bonds, 1965........... 100,000 00 98,250 00
Philadelphia, Baltimore & Washington Railroad Co., First 4%
Bonds, 1943........................... ................ 200,000 00 202,000 00
Pittsburgh, Cincinnati, Chicago & St. Louis Railway, Consolidated
Series H 4% Bonds, 1960................................ 100,000 00 98,500 00
Southern Pacific Co., Oregon Lines, First 41/ % Bonds, 1977... 50,000 00 50,375 00 Union Pacific Railroad Co., First Lien & Refunding, 4% Bonds.
2008.................................................. 100,000 00 97,187 50
United States Treasury, 318% Bonds, 1946-49................... 500,000 00 496,187 50
United States Treasury 4% Bonds, 1954-44..................... 100,000 00 102,937 50
Cash in Bank.............................................. 4,802 86 4,802 86
Acrued Interest on Securities................................. 69,417 28 69,417 28

Total............................................. $4,797,220 14 $4,786,737 63











TABLE No. 1

STATEMENT OF OPERATING REVENUES, EXPENSES, AND NET REVENUE FOR THE FISCAL YEARS ENDED juNE 30, 1933 AND 1932, AND COMPARISON


OPERATIONS


ISTHMUS:
Railroad-Table No. 6.................
Harbor Terminals-Table No. 7.........
Coal Plant--Table No. 9 ...............
Real Estate-Table No. 10 .............
Commissary-Table No. 11............
Cattle Industry-Table No 13..........
Dairy Farm-Table No. 14.............
Plantations-Table No. 15 ..............
Hotel Tivoli-Table No. 16.............
Hotel Wasington-Table No. 17... Telephone & Electric Clocks-Table No. 18. Stables-Table No. -19 ..................
Baggage Transfer-Table No. 20...
Total Operating Revenue, Expenses and
Net Revenue-Isthmus............

NEW YORK:
Steamship Line Operations-Table No. 8..

Total Operating Revenue, Expenses and
Net Revenue......................


II


1933


GROSS
REVENUE EXPENSES


$1,328,229 81 1,257,256 58 261,716 07 269,533 14 7,313,380 84
112,790 70 125,806 31
2,460 68
110,250 48 85,288 00
242,089 20
16,539 34 10,216 75


$1,204,305 19
899,804 72
332;,494 02 110,532 25 7,088,504 26 108,734 24 113,386 69
1,407 19
170,769 40 128,656 12 185,810 23 15,452 16 10,953 43


$11,135,557 901 $10,370,809 901


939,880 67


$12,075,438 57


1,260,365 32 $11,631,175 22


Denotes a Deficit
*Denotes a Decrease


1932


NETr REVENUE


123,924 62 357,451 86 (70,777 95) 159,OQO 89 224,876 58
4,056 46
12,419 62 1,053 49 (60,518 92) (43,368 12) 56,278 97
1,087 18 (736 68)

$764,748 00

(320,484 65)

$444,263 35


GR(
REVENUE



$1,433,719 13 1,240,997 43
477,219 85 326,110 87
8,347,226 33
258,297 26 136,812 67
3,298 53
134,789 58 100,822 90 248,074 72
18,972 29 13,008 85

$12,739,350 41

1,231,241 59

$13,970,592 00


)ss
EXPENSES



$1,377,130 33
954,617 46 637,152 08 104,820 23
8,016,514 98
227,652 60 118,833 39
1,842 34
196,360 97
149,413 42 198,031 83 15,812 39 16,260 30

$12,014,442 82

1,528,321 50

$13,542,768 82


NET
REVENUE



$ 56,588 80 286,379 97 (159,932 23) 221,29 0 64 330,711 35 30,644 66 17,979 28 1,456 19 (61,571 39) (48,590 52) 50,042 89 3,159 90
(3,251 45)

$724,908 09

(297,079 91)

$427,828 18


z~l





Z


INCREASE



$ 67,335 82
71,071 89 89,154 28 62,289 75* 105,834 77* 26,588 20*
5,559 66*
402 70*
1,052 47 5,222 40 6,2B6 08 2,072 72* 2,514 77

$39,839 91

(23,404 74)5

$16,435 17


11









22


PANAMA RAIL ROAD 'COMPANY


TABLE No. 2


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


PROFIT 4% on
INVESTMENT


RAILROAD:
Gross Revenue from Operations............ $1,328,229 81
Operating Expenses...................... 1,204,305 19 q13946 43573
Net Revenue.......................... $13946 43573
HARBOR TERMINALS:
Gross Revenue from Operations............ 1,257,256 58
Operating Expenses......... ............. 899,804 72
Net Revenue........................... 357,451 86 221,576 64
BAGGAGE TRANSFER:
Gross Revenue from Operations............... 10,216 75
Operating Expenses......................... 10,953 43
Net Revenue.......... (736 68) 252 38 COLON STABLES:
Gross Revenue from Operations............... 16,539 34
Operating Expenses....................... 15,452 16
Net Revenue.......... 1,087 18 4,046 83 TELEPHONE AND ELECTRIC CLOCKS:
-Gross Revenue from Operations.............. 242,089 20
Operating Expenses -............ 185,810 23
Net Revenue.......... 56,278 97 51,712 00 REAL ESTATE:
Gross Revenue from Operations.............. 269,533 14
Operating Expenses........................._110,532 25
Net Revenue.......... 159,000 89 330,595 57 HOTEL Tsvoss:
Gross Revenue from Operations.............. 110,250 48
Operating Expenses......................._170,769 40
Net Revenue........................... (60,51892) 2,373 05
HOTEL WASHINGTON:
Gross Revenue from Operations............... 85,288 00
Operating Expenses......................... 128,656 12
Net Revenue .............................(43,368 12) 34,773 87
PLANTATIONS;
Gross Revenue from Operations.............. 2,460 68
Operating Expenses.......................... 1,407 19
Net Revenue .......... 1,053 49 1,617 48 COMMISSARY:
Gross Revenue from Operations.............. 7,313,380 84
Operating Expenses........................ 7,088,504 26
Net Revenue .............................224,876 58 243,011 38
COAL:
Gross Revenue from Operations............. 261,716 07
Operating Expenses....................... 332,494 02
Net Revenue........................... (70,777 95) 292,770 37








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










24


ISTHMUS
RAILROAD AND APPURTENANCES:
Roadway and Track.......................
Stations, Roundhouses and Signals..........
Road Equipment..........................
DOCKS, PIERS AND APPURTENANCES:
Docks and Piers..........................
Buildings.................................
Equipment...............................
COAL PLANTS:
Structures . . . . . . .
Equipment...............................
BAGGAGE TRANSFER:
Equipment...............................
COLON STABLES:
Buildings.................................
TELEPHONE AND ELECTED= CLOCKS:
Telephone Plants.........................
Duct Lines...............................
Equipment...............................
Buildings.................................
REAL ESTATE:
Buildings.................................
Colon Lands..............................
Panama Lands...........................
HOTEL WASHINGTON:
Buildings .. . . . . . .
Equipment...............................
HOTEL Tivou:
Equipment...............................
CATTLE INDUSTRY:
Pastures . . . . . . .
Buildings, Dips, Etc.......................
Equipment ..............
PLANTATIONS:
Lands........................... ........
Buildings.................................
COMMISSARY:
Plants...................................
Retail Stores.............................
Equipment...............................
DAIRY FARM:
Pastures.................................
Buildings, Dips, Etc.......................
Equipment......................
UNCOMPLETED CONSTRUCTrION AND IHPROVEHENT...............................
Total Capital Investment-Isthmus.. CONCESSION FROM UNITED STATES OF
COLOMBIA..................................

NEW YORK AND OTHER FLOATING EQUIPMENT:
Steamers.................................
Miscellaneous . . . . . .


MISCELLANEOUS SHORE EQUIPMENT:
Storage Battery Trucks, New York.
Generator and Charging Panel, New York Motor Car, Haiti......................
Total Capital Investment-New Yorki
and Other.....................
Total Capital Investment...... .....


$8,385,496 12 1,115,007 52 1,903,067 56

4,852,799 41
285,161 72 384,450 03

825,284 90 221,644 16


5,621 43

97,388 94

857,256 16 252,363 05 40,601 80 117,234 60

1,732,642 32 4,666,221 74 1,711,310 59

724,160 28 134,569 54

41,525 46

150,000 00 27,400 00
259 89

32,271 00 7,000 00

2,513,588 92 1,021,098 05
721,353 07

25,000 00 74,937 10
11,343 48


$11,413,571 20 5,472,411 16 1,046,879 06 5,621 43 97,388 94 1,267,455 61 8,110,174 65 858,729 82


41,525 46 177,659 89 89,271 00 4,255,985 04 111,280 58


1 26,197 261 26,197 261


2,451,072 89
A-1 AIR 115


1 1,%(0'_1_aI


5,144 91 2,470 00 1,908 74


2,457,221 04


9,523 65


$32,924,151 10

1.00


2,466,744 69
$35,390,896 79


24 PANAMA RAIL ROAD COMPANY TABLE No. 3


CAPITAL INVESTMENT FIXED PROPERTY, EQUIPMENT, ETC., AS OF JUNE 30, 1933









PANAMA RAIL ROAD COMPANY 25












TABLE No. 4


MATERIAL., STOCK, COAL AND SUPPLIES,, AS OF JUNE 30, 1933



ISTHMUS

RAILROAD AND APPURTENANCES: $38,497 48
Maintenance of Way Material.............. $38,497 48

COAL PLANTS: 282,899 25
Material....................................60,783 25
Coal Stock................................ 222,116 00

HOTEL Tivou: 3,79424
Supplies.....................................3,794 24

HOTEL WASHINGTON: 1,782 60
Supplies.................................... 1,782 60

CATTLE iNDUSTRY: 2,82297
Supplies..................................... 76 88
Cattle Stock............................
Work Animals.............................. 2,746 09

PLANTATIONS: 878 46
Work Animals............................... 878 46

COMMISSARY: 961,572 76
Merchandise............................... 961,572 76

DAIRY FARM: 60,753 28
Supplies.................................... 3,148 00
Cattle..................................... 56,325 00
Work Animals.............................. 1,280 28 _____Total Material, Stock, Coal and Supplies-Isthmus .........$1,353,001 04


NEW YORK

FLOATING EQUIPMENT: 36,731 28
Material-Storeroom.........................3,874 16
Stationery Stock............................ 1,292 40
Mineral Water Stock........................ 579 33
Spare Parts................................ 12,194 66
Fuel Oil................................... 18,790 73

IN TRANSIT: 252,300 11
Material Shipped........................... 249,557 91
Material Pending Adjustment ..............2,742 20______Total Material, Stock, Coal and Supplies-New York ..... 289,031 39

Total Material, Stock, Coal and Supplies .. . . . $1,642,032 43









26 PANAMA RAIL ROAD COMPANY



TABLE No. 5


RESERVE FOR DEPRECIATION OF PLANTS, BUILDINGS, AND EQUIPMENT, AS OF
JUNE 30, 1933



ISTHMUS

RAILROAD AND APPURTENANCES: $1,759,670 14
Transportation Buildings and Roundhouses $275,566 02
Road Equipment:
Steam Locomotives.................... 131,451 05
Freight Train Cars.................... 1,039,884 15
Passenger Train Cars.................. 266,357 60
Work Equipment....................... 46,411 32

DOCKS, PIERS AND APPURTENANCES: 2,574,537 86
Docks and Piers........................ 2,229,769 08
Buildings................................. 91,075 28
Equipment............................... 25,693 50

COAL PLANTS: 262,596 52
Structures............................... 174,980 27
Equipment................................ 87,616 25

BAGGAGE TRANSFERz EQUIPMENT: 4,071 99
Automobile Trucks........................ 4,071 99

STABLES-COLON: 35,151 89
Buildings................................. 35,151 89

TELEPHONE SYSTEM: 28,094 97
Plants................................... 401,533 06
Duct Lines.............................. 112,361 76
Buildings................................. 14,200 15

REAL ESTATE: 472,405 32
Buildings................................ 472,405 2

HOTEL Tvoui: 42,952 47
Equipment................................ 42,952 47

HOTEL WASHINGTON: 230,742 67
Buildings................................ 195,171 90
Equipment................................ 35,570 77

CATTLE INDUSTRY: 3,879 23
Buildings, Dips, Etc ...................... 3,879 23

PLANTATIONS: 791 73
Buildings.................................. 791 73

DAIRY FARM: 26987 36
Buildings................................. 26,987 36

COMMISSARY PLANTS AND STORES: 1277225 50
Plants.................................. 1,004,646 94
Retail Stores............................ 207,509 68
Equipment................................65,068 88 ____Total-Isthmus........ $7,219,107 6 5


NEW YORK AND OTHER

FLOATING EQUIPMENT: 1,302,916 50
S.S. "Ancon ............................. 447,724 03
S.S "Cristobal........................... 755,476 31
S.S. "Buenaventura" .. .......... 59,408 97
S.S. "Guayaquil........................... 40,307 19

MISCELLANEOUS PROPERTY: 14,003 67
Steamer Chairs............................ 5,786 00
Motor Car, Haiti........................... 795 20
Storage Battery Trucks, New York ... 5,144 91 Generator and Charging Panel, New York 1,687 56 Radio Equipment, S.S. "Ancon" ... 295 00 Radio Equipment, S.S. "Cristobal" ... 295 00

Total New York and Other .... 1,316,920 17

Total Reserves for Depreciation. $8,56,027 2









PANAMA RAIL ROAD COMPANY 27








TABLE No. 6


RAILROAD OPERATIONS-REVENUE AND OPERATING EXPENSES FOR THE FISCAL

YEARS ENDED JUNE 30, 1933 AND 1932, AND COMPARISON



1931 1932 DECREASE


RAILROAD:

Revenue from Transportation
FREIGHT REVENUE:
Through Commercial....................... $190,665 65 $221,295 11 $10,629 46
Local Commercial.......................... 551,358 21 571,213 66 19,855 45

Total............................... $742,021 86 $792,508 77 $50,484 91


PASSENGER REVENUE:
Through Passengers......................... -
Local Passengers.......................... $355,156 54 $190,563 11 $15,406 59
Baggage.................................... 1,397 65 2,064 80 667 15
Express, Mail, etc........................... 50,701 55 51,620 66' 919 11
Parlor and Chair Car....................... 4,885 75 5,640 25 754 50
Special Cars and Trains..................... 7,430 00 14,910 00 7,480 00
Official Motor Cars.........................136,124 42 34,435 65 (1,688 77)

Total............................... $455,695 91 $499,214 49 $41,518 58


MISCELLANEOUS REVENUE:
Switching................................. $33,999 42 $41,098 07 $9,098 65
Locomotive Service......................... 64,913 50 62,219 00 (2,694 50)

Total............................... $98,912 92 $105,317 07 $6,404 15


OTHER THAN TRANSPORTATION:
Storage-Freight........................... $9,653 10 $8,145 91 ($1,307 19)
Storage-Baggage............................ 164 75 170 40 5 65
Demurrage................................. 6,056 25 12,137 25 6,081 00
Telegraph................................... 1,948 32 2,043 60 95 28
Rental of Buildings, etc...................... 2,221 08 2,221 08
Miscellaneous Revenue...................... 11,553 62 11,740 56 186 94

Total............................... $31,597 12 $16,658 80 $5,061 68

Total Railroad Revenue.............. $1,328,229 81 $1,433,719 11 $105,489 32


OPERATING EXPENSES:
Maintenance of Way and Structures .........$177,160 31 $222,960 38 $45,800 07 Maintenance of Equipment.................. 370,627 53 388,950 78 18,323 25
Traff ic Expenses ............ -Transportation Expenses.................... 483,479 18 590,374 95 106,895 57
General Expenses-Isthmus ...............108,124 47 112,625 22 4,500 75
Locomotive Service at Hourly Riates ... 64,913 50 62,219 00 (2,694 50)

Total Railroad Operating Expenses. $1,204,305 19 $1,377,110 33 $172,825 14

Net Revenue from Railroad Operations $123,924 62 $56,588 80 ($67,135 82)



Denotes an Increase









28 PANAMA RAIL ROAD COMPANY


TABLE No. 7

HARBOR TERMINAL OPERATIONS-REVENUE., EXPENSES, AND STATISTICS FOR
THE FISCAL YEARS ENDED JUNE 30, 1933 AND 1932, AND COMPARISON


HARBOR TERMINAL REVENUE: ATLANTIC TERMINALS: Wharf age ........................
Rent and Storage.................
Stevedoring............:...........
Handling and Transferring.........
Other Revenue....................
Total ....................
PACIFIC TERMINALS: Wharfage .. . . . . .
Rent and Storage .................
Stevedoring............:...........
Handling and Transferring.........
Other Revenue....................
Total.....................
Total Harbor Terminal Revenue
HARBOR TERMINAL OPERATING EXPENSES:
ATLANTIC TERMINALS:
General Expenses ........
Stevedoring.......................
Handling and Transferring.........
Total.....................
PACIFIC TERMINALS:
General Expenses ........
Stevedoring.......................
Handling and Transferring.........
Total......................
Total Harbor Terminal Expenses
Net Revenue f rom Operations


193



$147,599 33 19,925 35 68,572 79 794,139 41 11,233 22


$1,041,470 10


$5,699 53 21,626 17 179,606 67
8,854 11 $215,786 48 $1,257,256 58


$156,739 36
49,440 34
360,1469 55 $766,649 25

$20,320 05
8,691 64
104,143 78 $133,155 47 $899,804 72
$157y451 86


1932 DECREASE


$158,055 70 29,881 26 68,908 20 808,939 08 12,316 90


$1,078,101 14


$2,468 51 16,422 51 131,500 02 10,505 25 $162,896 29 $1,240,997 43


$360,254 83 50,529 92
425,960 23 $836,744 98

$20,014 56
6,755 34 91,102 58 $117,872 48
$954,617 46
$286,379 97


$10,456 37
9,955 91
335 41 14,799 67 1,083 68


$16,631 04


($3,231 02) (5,203 66) (46,106 65) 1,651 14 ($52,890 19) ($16,259 15)


$3,515 47 1,089 58 65,490 68 $70,095 73

($305 49) (1,936 30) (13,041 80) ($15,282 99)
$54,812 74 ($71,071 89)


STATISTICS


Total Harbor Terminal Revenue.......... $1,257,256.58 $1,240,997.43 ($16,259.15)
Total Operating Expenses............... 899,804.72 954,617.46 54,812 74
Total Net Revenue...................... 317,45186 286,379.97 (71,071.89)
Per Cent of Expenses to Revenue ... 71.57 76.92 5.35 Tons of Cargo Stevedored............... 331,241 311,836 (19,405)
Revenue per Ton Stevedored ......$02723 $0.2736 $0.0013 Cost per Ton Stevedored................... $0.2463 $0.2521 $0.0088
Tons of Cargo Handled and Transferred 1,026,128 989,514 (36,594) Revenue per Ton Handled .......$0.9490 $0.9524 $0.0034 Cost per Ton Handled..................... $0.6583 $0.7166 $0.0583
Tons of General Cargo Received .... 643,587 619,102 (24,285) Tons of General Cargo Dispatched ... 368,658 348,717 (19,941) Number of Ships Handled at Cristobal. 2,486 2,310 (176) Number of Ships Handled at Balboa ... 1,107 1,170 63 Total Number of Ships Furnished Agents 197 192 (5)


HOLD OVER CARGO ("CANAL ZONE FOR ORDERS")

1933 1932 DECREASE
Tons Revenue Tons Revenue Tons Revenue
Tons on Hand Beginning of Year. 4,37.9 5,264 885 Tons Received During Year...10,979 $10,979 00 14,001 $14,001 00 3,022 $3,022 00
Total............... 15,158 19,265 3,907
Tons Reforwarded During Year.. 3,808 4,236 67 4,39 4,735 8.1 582 499 14 Tons Delivered Locally. ......7,140 8,059 91 10,496 11,344 17 3,356 3,284 26 Tons on Hand at End of Yiear. 4,410 4,379 (31)
Total............... 15,158 19,265 3,907
Received f rom Storage Collected
during Year................... 4,758-33 7,078 89 2,320 56
Total Revenue ...........$28,033 91 $37,159 87 $9,125 96

Denotes an Increase.










PANAMA RAIL ROAD COMPANY


29


TABLE No. 8


STEAMSHIP LINE OPERATIONS-REVENUE AND EXPENSES FOR THE FISCAL YEARS ENDED JUNE 30, 1933 AND 1932, AND COMPARISON


STEAMSHIP LINE:
REVENUE:'
Freight..........................
Treasure.........................
Passenger .. . . . . .
Excess Bag gage...................
Mail.............................
Mineral Water........... ........
Steamer Chairs...................
Miscellaneous . . . . .

Total Steamship Line Revenue

STEAMSHIP LINE:
EXPENSES:
Steamer..........................
Agency .. . . . . .
General-New York ...............

Total Steamship Line Expenses

Net Revenue from Steamship Line
Operations......................


1933




$723,875 08
6,341 78 186,601 88
1,168 35 14,377 70 1,414 39 3,787 50 2,313 99

$939,880 67



$836,027 24 304,379 34 119,958 74


1932




$936,940 18
5,517 73 231,230 49
991 33 48,588 64 1,598 84 4,416 00 1,958 38


$1,231,241 59



$1,018,316 88
368,723 30 141,281 32


DECREASE




$213,065 10 (824 05)
44,628 61
(177 02)
34,210 94
184 45 628 50 (355 61)


1 $291,360 92


$182,289 64
64,343 96 21,322 58


$1,260,365 32 $1,528,321 50 $267,956 18


X$320,484 65


Denotes an Increase. X Denotes a Deficit.


X$297,079 91


$23,404 '74


I










30 PANAMA RAIL ROAD COMPANY TABLE No. 9


COAL PLANT OPERATIONS-REVENUE, EXPENSES, PROFIT AND STATISTICS FOR
THE FISCAL YEARS ENDED JUNE 30, 1933 AND 1932, AND COMPARISON


REVENUE:
SALES :
Commercial Steamships.............
Army . . . . . .
Panama Canal....................
Railroad Departments..............
Navy............................
Local............................

Total .. . . . .
Trimming (and Miscellaneous).
Wharfage .. . . . . .
Handling Navy Coal...............
Total Revenue.............

OPERATING EXPENSES:
General Expenses.........
Unloading and Stori ng............
Reclaiming and Delivery...........

Total Expenses............


1 1933 1


$217,004 40
4,102 14 6,176 72
395 03

5,148 00

$232,826 29
3,841 07 19,468 33 5,580 38

$261,716 07


1932



$418,069 44
5,790 67 4,616 07
652 56

6 ,233 47

$435,362 21
2,829 73 26,776 04 12,251 87

$477,219 85


DECREASE



$201,065 04
1,688 53
(1,560 65)
257 53

1,085 47

$202,535 92
(1,011 34) 7,307 71 6,671 49

$215,503 78


$72,689 36 $152,026 70 $79,337 84
6,949 84 20,098 78 18,148 94 31,678 58 52,653 32 20,974 74


$111,317 78


$224,778 801


$113,461 02


PROFIT AND LOSS ACCOUNT


DEBITS:
Coal on Hand July 1, 1932 ............
Coal Received During the Fiscal* Year............
Miscellaneous Charges.........................
Laid-up Fleet Maintenance .............
Coal Recovered, Cross Section Inventory....
Credit from Handling Navy Coal...............
Operating Expenses for the Year ..............

Total Dehits..........................

CaEons:
Receipts from Sales.............
Wharfage and Trimming........... ..........
Coal On Hand June 30, 1933 ...................
Total Credits .........................
Less Dehits..........................

Loss for the Year .....................


TONS


43,281 41,945 2,831


88,057 39,327 48,730 88,057 88,057


RATE $6 24 4 03








$5 92 4 56


AMOUNT


$270,087 04 169,435 65 428 57
3,340 98

(5,580 38) 111,317 78

$549,029 64


$232,826 29
28,309 40 222,116 00

$478,251 69
549,029 64

$70,777 95


Denotes an Increase

COAL PLANT STATISTICS


1933 1932 DECREASE


Gross Receipts from Sales and Services. $261,716 07 $477,219 85 $215,503 78 Cost of Sales and Services............... 332,494 02 637,152 08 304,658 06
Net Loss for the Year.................. (70,777 95)* (159,932 23)* 89,154 28
Tons of Coal Received during the Year ... 41,945 42,540 595 Recovered on Inventory.................. 2,831 1,540 (1,291)
Tons of Coal Sold During the Year........ 39,327 65,463 26,I136 Average Tons of Coal Received per Month. 3,495 3, 5 45 50 Average Tons of Coal Sold per Month. .... 3,277 5,45.5 2,178


*Denotes a Deficit.
Denotes an Increase.










PANAMA RAIL ROAD COMPANY


31


TABLE No. 10


REAL ESTATE OPERATIONS-REVENUE AND EXPENSES FOR THE FISCAL YEARS
ENDED JUNE 30, 1933 AND 1932, AND COMPARISON


REVENUE:
Rent of Buildings..................
Rental of Lands...................

Total Revenue...............


EXPENSES:
Superintendent and Clerical...
Repairs to Buildings................
Depreciation of Buildings...........
Supplies and Services...............
Supervision .. . . . .
Accounting . . . . . .

Total Expenses..............

Net Revenue from Operations.


( 0Denotes an Increase


1933


$ 9,456 34 260,076 80 $269,533 14


1932


$ 9,909 33 316,201 54 $326,110 87


DECREASE


$452 99 56,124 74 $56,577 73


$17,483 63 $19,906 92 $2,423 29
8,408 65 89 32 (8,319 33) 71,128 28 70,663 52 (464 76) 5,771 69 6,420 47 648 78
540 00 540 00
7,200 00 7,200 00$110,532 25 $104,820 23 ($5,712 02)


$159,000 89


$221,290 64 1


$62,289 75










32 PANAMA RAIL ROAD COMPANY







TABLE No. 11

COMPARATIVE STATEMENT OF OPERATIONS OF THE COMMISSARY DIVISION
FOR THE FISCAL YEARS ENDED JUNE 30, 1933 AND 1932


PROFIT AND LOSS


SALES:
U. S. Government ...............................
Panama Canal .................................
Panama Rail Road ..........................
Individuals and Companies...................
Commercial Steamships..........................
Coupons, Paid Orders, etc........................
Gross Revenue from Sales .................
Less Discounts and Refunds ................

Net Revenue from Sales ..................

Inventory Beginning of Period.............
Merchandise Purchased for Sale............
Merchandise Purchased for Manufacture.

Total...............................
Inventory, End of Period ................

Value of Sales and Services...............

EXPENSES:
Labor (Productive Only).........................
Gold .......................................
Silver . . . . . . . .
Gratuity.......................................
Supplies from Stock .............................
Supplies from Panama Canal.....................
Services from Panama Canal .....................
Delivery Service (Truck, Tug, and Launch) .........
Freight Transportation...........................
Power a nd Light ...............................
Water .........................
Telephone, Radios, Cablegrams....................
Refrigeration and Ice ...........................
Hospitalization of Employees .....................
Accounting Expenses............................
Administrative Expenses -............
Purchasing (Offices U.S.A.) ......................
Depreciation . . . . . . .
Repairs .. . .j.. . . . . . .
Loss and Damage.............................
St6ck Losses...................................
Other Expenses .. . . . . . .

Total Expenses..........................

Cost of Sales and Services........................

Net Results-Profit ...................
Less Buildings Written off to Profitand Loss .
Net Result-Profit.......................


1933 1 1932


$964,376 75 562,851 24 180,451 53 493,475 57 294,416 69 5,107,704 11
$7,603,275 89
289,895 05

$7,313,380 84

$1,141,374 51 3,386,179 90 1,382,314 81

$5,909,869 22 1,056,129 92

$4,853,739 30



$354,876 84 544,194 60 56,780 28 57,291 53 34,678 27 15,681 48
129,215 73 133,290 54
31,578 72 5,754 09 11,912 01 165,570 17 24,780 04 144,750 16 16,380 00 54,000 00
120,535 96
93,972 53 82,514 64 23,001 88 60,629 51
$2,161,408 98

$7,015,148 28

$298,232 56 73,355 98

$224,876 58


$1,069,871 40
626,585 66 236,825 73 527,791 93 458,943 30 5,768,104 96

$8,688,122 98
340,896 65

$8,347,226 33

$1,394,111 34 3,820,311 04 1,575,283 77

$6,789,706 15 1,141,374 51

$5,648,331 64



$385,560 21 613,385 76
61,689 71 70,437 06 39,501 84 14,529 67 140,757 17 132,694 19
38,130 70
6,997 09 12,850 96
184,490 97 26,189 00 151,743 03
16,380 00 60,000 00 121,336 67 92,212 23 123,006 48 12,297 79 63,992 81

$2,368,183 34

$8,016,514 98

$330,711 35

$330,711 35








PANAMA RAIL ROAD COMPANY 33



TABLE No. 12


SUPPLY DEPARTMENT-COMMISSARY BRANCH STATEMENT OF COST OF
MATERIAL AND SUPPLIES PURCHASED AND SOLD DURING THE FISCAL
YEARS ENDED JUNE 30, 1933 AND 1932, AND COMPARISON

PURCHASES BY CLASSES


1933 11932 DECREASE

Groceries............................. $1,234,567 33 $1,305,899 68 $71,332 35
Candies.................................. 565,165 39 52,660 91 (2,504 48)
Tobacco.............................. 252,061 17 327,685 92 75,624 75
Hardware............................. 315,525 94 383,234 00 67,708 06
Dry Goods............................ 726,708 17 841,106 20 114,398 03
Shoes........................... ...... 146,378 30 191,066 02 44,687 72
Cold Storage.......................... 1,092,113 73 1,213,423 68 121,309 95
Toys..................................... 21,669 33 44,542 78 22,873 45
Stationery................................ 38,264 94 47,204 94 8,940 00
Raw Material......................... 318,784 87 427,159 61 108,374 74
Cattle and Hogs........................ 124,465 53 261,507 06 137,041 53
Milk and Cream.......................... 153,383 45 164,719 51 11,336 06
Eggs.................................... 232,687 89 166,926 42 (5,761 47)
Butter................................... 138,553 26 160,252 79 21,699 53
Dressed Beef............................ -

Total....................... $4,850,329 30 $5,587,389 52 $737,060 22


LOCATION OF PURCHASES


1933 1932 DECREASE

Purchases in U.S.A.................... $3,798,356 49 $4192,222 93 $393,866 44
Europe and Orient.................. 482,590 29 621,423 42 138,833 13
Central and South America........... 131,284 11 145,085 99 13,801 88
Local............................. 130,894 20 167,199 81 36,305 61
Panama Canal...................... 70,558 08 69,947 45 (610 63)
Cattle Industry.................... 236,646 13 391,509 92 154,863 79Total...................... $4,850,329 30 $5,587,389 52 $737,060 22


DISTRIBUTION OF SALES


1933 1932 DECREASE

United States Government (A & N)... $964,376 75 $1,069,871 40 $105,494 65 The Panama Canal....................... 562,851 24 626,585 66 6,734 42
The Panama Rail Road.................. 180,451 53 236,825. 73 56,374 20
Individuals and Companies............... 49,475 57 527,791 93 34,316 36
Commercial Ships...................... 294,416 69 458,943 30 164,526 61
Employees (Coupon Sales).............. 5,107,704 11 5,768,104 96 660,400 85

Total...................... $7,603,275 89 $8,688,122 98 $1,084,847 09
Less Discounts and Credits, etc........... 289,895 05 340,896 65 51,001 60

Net Revenue from Sales..$7,313,380 84 $8,347,226 33 $1,033,845 49

SUPPLIES FOE EXPENSE:
Retail Commissaries and Warehouses $33,971 25 $41,796 53 $7,825 28 General............................... 1,640 31 2,623 87 983 56
Plants............................. 21,679 97 26,016 66 4,336 69

Total....................... $57,291 53 $70,47 06 $13,145 53
Loss by Condemnation, Pilferage, Shrinkage, etc........................... $105,536 52 $135,04 27 $29,767 75Grand Total.......... ....... $7,476,208 89 $8,552967 66 $1,076,753 77


Denotes an Increase.









34 PANAMA RAIL ROADCOMPANY TABLE No. 13




CATTLE INDUSTRY OPERATIONS-REVENUE,, EXPENSES, PROFIT AND LOSS FOR
THE FISCAL YEARS ENDED JUNE 30, 1933 AND 1932, AND COMPARISON


REVENUE:
Sale of Cattle.....................
Hides and Produce .................

Total Revenue .............

EXPENSES:
Superintendence and Clerical.
Handling Stock...................
Repairs to Gates and Fences.
Feeding, Labor and Feed...........
Cutting Brush, etc ................
Mess Operations, etc ...............
Transpprtation....................
Death.s-Stock......................
Supplies and Services..............
Administration....................
Miscellaneous . . . . .

Total Expenses.............


1933


$112,308 96
481 74

$112,790 70


$3,578 75 3,207 56
673 01
1,217 16 1,235 84 1,850 86 4,084 96 1,565 62
952 88
6,498 96 1,641 36
$26,506 96


1932



$257,354 80
942 46

$258,297 26


$5,344 92 3,995 49 1,407 21 1,737 51
907 31
3,065 55 8,191 80
1,554 74 1,386 73 7,698 96 2,440 01

$37,730 23


DECREASE



$145,045 84
460 72

$145,506 56


$1,766 17
787 93
734 20 520 35 (328 53) 1,214 69 4,106 84
(10 88) 433 85
1,200 00
798 65

$11,223 27


PROFIT AND LOSS


DEBITS:
Cattle on Hand Beginning of Year..
Purchases During the Year.............
Births During the Year...............
Transfers During the Year............
Adjustments, Promotions and Recoveries. .
Operating Expenses...................

Total Dehits..................

CREoITS:
Sales . . . . . . .
Deaths...............................
Transfers .. . . . .
Adjustments on Promotions and Riecoveries Cattle on Hand at Close of Year...
Total Credits .......*......... *
Less Total Debits..............

Net Profit for the Year...


HEAD 15P32 1,857




1,989


1,984
5



1,989 1,989


1933

AMOUNT


$3,564 00 78,876 72


26,506 96

$108,947 68


$112,790 70
213 44



$113,004 14 108,947 68

$4,056 46


HEAD 4,666




4,799


4,656 132 4,799 4,799


1932

AMOUNT


$4,395 69 189,439 02


37,730 23 $231,564 94


$258,297 26
348 34


3,564 00 $262,209 60 231,564 94 $30,644 66


()Denotes an Increase.









PANAMA RAIL ROAD COMPANY 35










TABLE No. 14


DAIRY FARM OPERATIONS-REVENUE, EXPENSES, PROFIT AND LOSS FOR THE
FISCAL YEARS ENDED JUNE 30, 1933 AND 1932, AND COMPARISON


REVENUE:
Milk an4q Cream....................
Live Stock........................
Hides and Other Products..........

Total Revenue..............

EXPENSES:
General .. . .;. . .
Pasture Operations.................
Milking and Refrigerating...........

Total Expenses..............


1933



$120,769 18
4,980 82
56 31 $125,806 31


$25,817 32 5,326 00 76,388 33

$107,531 65


1932



$135,340 60
1,228 99
243 08 $136,812 6.7


$35,439 75
5,988 46 81,965 18

$123,393 39


DECREASE



$14,571 42 (3.751 83)
186 77 $11.006 36


$9,622 43
662 46
5,576 85

$15,861 74


PROFIT AND LOSS


DEBITS:
Cattle on Hand at Beginning of Year..
Cattle Purchased During the Year ...
Calves Born During the Year...........
Adjustments....
Transfers During the Y ear........
Operating Expenses for the Y:ear.

Total Dehits....................


CREDITS:
Sales of Cattle During the Year.........
Sales of Milk and Cream...............
Sale of Miscellaneous Products..........
Transfers Duririg the Year............
Deaths During~ the Year.... ............
Cattle on Hand at Close of the Year.

Total Credits...................

Less Total Dehits...............

Net Profit f or the Year...


1933

HEAD AMOUNT


675 $54,000 00 103 9,300 04 82


- 107,531 65 860 $170,831 69



95 $4,980 82
120,769 18
-56 31 14 1,120 00 751 56,325 00

860 $183,251 31 860 170,831 69

$12,419 62


Denotes an Increase.


HEAD


634 79




713



22 16 675 713 713


1932

AMOUNT


$50,720 00




123,393 39 $174,113 39



$1,228 99 135,340 60
243 08

1,280 00 54,000 00

$192,092 67 174,113 39

$17,979 28









36 PANAMA RAIL ROAD COMPANY





TABLE No. 15


PLANTATION OPERATIONS-REVENUE AND EXPENSES FO'R THE FISCAL YEARS
ENDED JUNE 30, 1933 AND 1932, AND COMP.4RISON


1933 1932 DECREASE REVENUE:
Produce-Local Sales................. $1,380 68 $1,718 53 $33-1 85
Miscellaneous....................... 1,080 00 1,580 00 500 Ou

Total Revenue............... $2,460 68 $3,298 53 $837 85


EXPENSES:
Cultivating............................. -
Harvesting............................ $978 25 $1,213 02 $234 77
Supplies and Services................... -
Miscellaneous........................... 428 94 629 32 200 33

Total Expenses................ $1,407 19 $1,842 34 $435 15

Net Profit from Operations .. $1,053 49 $1,456 19 $402 70






TABLE No. 16


HOTELDTVOLI OPERATIONS-REVENUE AND EXPENSES FOR THE FisCi. YEARS
ENDED JUNE 30, 1933 AND 1932, AND COMPARISON


REVENUE:
Rental of Rooms....................
Restaurant Service..................
Cigars and News Stand..............
Laundry and Valet Service..........
Telephone.........................
Swimming Pool.....................
Miscellaneous . . . . .

Total Revenue...............

EXPENSES:
Superintendence and Labor.........
Subsistence Supplies.................
Laundry-Hotel.....................
Laundry-Guests.........
General Supplies and Services ...
Repairs to Equipment...............
Repairs to Buildings................
Depreciation of Equipment..........
Depreciation of Buildings............
Supervision and Accounting.........
Miscellaneous*..........
Rental of Buildings and Equipment..

Total Expenses..............

Net Loss from Operations ....


1933


$52, 00 00 44,760 -4,976 49 5,555 10
958 95

1,999 19

$110,250 48


$53,575 38 35,494 69 10,089 60 3,643 37 3,979 15 1,653 16
4,408 47 7,182 55

4,620 00 16,123 03 30,000 00


1932


O'2,771 45 57,101 40 5,453 83 6,105 24
919 50

2,438 16

$134,789 58


$63,806 75 42,549 89 10,757 50
4,074 94 4,463 66 2,021 26 5,390 06 8,759 98

4,620 00 19,916 93 30,000 00


DECREASE


$10,771 45 12,340 65
477 34 550 14 (39 45)

438 97

$24,539 10

$10,231 37
7,055 20
667 90 431 57 484 51 368 10 981 59
1,577 43


3,793 90


$170,769 401 $196,360 97 $25,591 57


$60,518 92**


$61,571 39**


1 $1,052 47


*Includes Office Supplies, Ice, Fuel, Water, Electricity, Telephone and other small accounts.
**Denotes a Deficit.
Denotes an Increase.










PANAMA RAIL ROAD COMPANY


37


TABLE No. 17

HOTEL WASHINGTON OPERATIONS-REVENUE AND EXPENSES FOR TH-E FISCAL
YEARS ENDED JUNE 30, 1933 AND 1932, AND COMPARISON


REVENUE:
Rental of Rooms ....................
Restaurant Service..................
Cigar and News Stand...............
Laundry and Valet Service...........
Telephone ..........................
Swimming Pool ....................
Miscellaneous.......................


1933


$39,350 15 30,979 15 5,190 70 3,505 35 796 50 4,897 55 568 60


Total Revenue ...... .. .. ....$85,288 00


EXPENSES:
Superintendence and Labor...........
Subsistence Supplies..................
Laundry-Hotel..........
Laundry-Guests ... .............
General Supplies and Services.........
Repairs -to Equipment................
Repairs to Buildings.................
Depreciation of Equipment...........
Depreciation of Buildings............
Supervision and Accounting..........
Miscellaneous*.......................

Total Expenses...........

Net Loss from Operations.


$48,064 51 26,6 91 84 8,886 86 2,456 11 3,746 41 1,354 52 2,554 20 5,548 17 5,548 17 4,620 00 19,185 33

$128,656 12

$43,368 12**


1932


$47,111 45 36,665 65 5,719 60 4,535 70
809 95
5,575 00
405 55

$100,822 90




$54,374 75 31,648 03 9,087 11
3,174 47 4,348 22 3,576 12 3,024 64 6,553 43 6,553 43 4,620 00
22,453 22

$149,413 42

$48,590 52**


DECREASE


$7,761 30 5,686 50
528 90
1,030 35
13 45 677 45
(163 05)

$15,534 90




$6,310 24 4,956 19
200 25 718 36 60 1 81
2,221 60
470 44
1,005 26 1,005 26

3,267 89

$20,757 30

$5,222 40


*Includes Office Supplies, Ice, Fuel, Water, Electricity, Telephone and other small accounts.
**Denotes a Deficit.
Denotes an Increase.


TABLE No. 18


TELEPHONE AND ELECTRIC CLOCK OPERATIONS-REVENUE AND EXPENSES FOR
THE FISCAL YEARS ENDED JUNE 30, 1933 AND 1932, AND COMPARISON


REVENUE:
Rent of Instruments ..............
Rent of Trunk Lines..............
Leased Circuits and Ducts.........
Changing Telephones, etc ...
Electric Clocks....................
Electric Printing Typewriters..

Total Revenue from Operations

EXPENSES:
Superintendence, Labor, Supplies, etc.
Depreciation .. . . . .
Supervision and Accounting ...

Total Expenses.............

Net Revenue from Operations.


1933


$173,05 7'7 24,968 00 33,908 69 1,078 60
2,401 14 6,675 00

$242,089 20


1932


$179,420 64 2 5, 670 67 32,379 33 1,617 60 2,687 30 6,299 18

$248,074 72


DECREASE


$6,362 87
702 67
(1,529 36)
539 00 286 16
(375 82)$5,985 52


$129,982 07 $142,828 28 $12,846 21 50,608 16 49,9983 55 (624 61) 5,220 00 5,220 00 -


$185,810 23


$198.031 83


_________________________________ I I


$56,278 97


$50,042 89


$12,221 60


($6,236 08)


Denotes an Increase.










38


PANAMA RAIL ROAD COMPANY


TABLE No. 19

STABLE OPERATIONS-REVENUE AND EXPENSES FOR THE FISCAL YEARS ENDED
JUNE 30, 1933 AND 1932, AND COMPARISON


1933 1932 DECREASE

REVENUE:
Rental of Stalls........... .......... $5,116 90 $6,357 51 $1,240 61
Rental of Buildings................. 11,412 44 12,578 48 1,166 04
Boarding Stock...................... -
Sale of Medicines, etc................. 10 00 86 30 26 30
Total Revenue............... $16,539 34 $18,972 29 $2,432 95
EXPENSES:
Superintendence, Labor, Su~pplies, etc. $15,452 16 $15,812 39 $360 23
Net Revenue from Operations $1,087 18 $3,159 90 $2,072 72





TABLE No. 20


BAGGAGE TRANSFER OPERATIONS-REVENUE AND. EXPENSES FOR THE FISCAL
YEARS ENDED JUNE 30, 1933 AND 1932, AND COMPARISON


REVENUE:
Transf erring Baggage............
Other Trucking Service...........
Total Revenue............

EXPENSES:
Superintendence, Labor, Supplies, etc.
Net Loss from Operations. .


1933


$9,065 75 1,151 00


1932


$11,632 75 1,376 10


DECREASE


$2,567 00
225 10


$10,216 75 $13,008 85 $2,792 10


$10,953 43 ($736 68)


$16,260 30 ($3,251 45)


$5,306 87 $2,514 77


Denotes a Deficit.



TABLE No. 21

INTEREST AND EXCHANGE-REVENUE FOR THE FISCAL YEARS ENDED
JUNE 30, 1933 AND 1932, AND COMPARISON


1933 1


[sthmus.............................. $19,287 18
New York............................ 448,493 63
Total Revenue.............. $467,780 81


1932 1


I I $15,239 25 $4,047 93


445,601 72 $460,840 97


INCREASE


2,891 91 $6,939 84










PANAMA RAIL ROAD COMPANY


TABLE No. 22 STATEMENT OF STEAMSHIP LINE STATISTICS FOR THE JUNE 30, 1933 AND 1932


Steamships .......................................

Total Revenue...................................

Freight Carried, Tons .............................

Freight Revenue (Including Treasure) ...............

Average Freight Rate .............................

Passengers Carried .. .. . . . . . .

Passenger Revenue (Including Excess Baggage). Average Rate Per Passenger.........................


FISCAL YEARS ENDED


1933






$939,880. 67

116,148 $730,216. 8




5,981 $187,770 .22

$31.40


1932



4

$1,231,241. 59

140,429 6 $942,457.-91 $6.71

1 6,977 3 $232,221.82 D $33.28


3 9











40 PANAMA RAIL ROAD COMPANY















TABLE No. 23


RAILROAD OPERATIONS-GENERAL AND PASSENGER STATISTICS FOR THE FISCAL
YEARS ENDED JUNE 30, 1933 AND 1932



1933 1932


GENERAL STATISTICS:
Average Miles of Road Operated......................... 47.61 47.61
Gross Operatin g Revenue............................. $1,328,229 .81 $1,433,719 .13
Operating Expenses................................. 1,204,305 .19 1,377,130 .33
Net Operating Revenue............................... 123,924 .62 56,588. 80
Per Cent of Expenses to Revenue.......................... 90 .66 96 .05
Gross Revenue per Mile of Road........................ $27,898.12 $30,113.82
Operating Expenses per Mile of Road................... 25.295.21 28,925.23
Net Revenue per Mile of Road.......................... 2,602.91 1,188.59
Total Revenue Train Mileage.......................... 186,598 193,667
Railroad Revenue per Train Mile ......................$7 .12 $7 .40
Railroad Operating Expenses per Revenue TrainMle6 .45 7.11 Net Railroad Revenue per Revenue Train Mile.... .67 .29
Freight, Passeng-er, and Switch Locomotive Mileage. 282,502 307,539 Work Train Mileage................................... 11,266 5,116

PASSENGER STAISTIS:
Gross Revenue (Including Baggage, Express, Mail and
Treasure) ...........................$464,313.04 $504,755.14
Passenger Train Mile (Including Mixed Trains) ... 108,257 111,592
Passenger Trains per Day per Mile of Road .....6. 23 6.42
Coach Mileage ........................................ 594,337 614,283
Baggage, Express and Mail Car Mileage................ 150,034 148,'681
Total Passenger Car Mileage........................... 744,371 762,964
Passengers Carried................................... 363,109 409,'954
Passengers Csrried' One Mile.........................14A,938,356 16,289,855
Average Distance Each Passenger Carried ......41 .14 39 .73 Passengers in Each Train............................... 137.99 145 .98
Passengers in Each Passenger Car (Including Baggage,
Mail and Express).................................. 20.06 21.35
Revenue per Passenger Train Mile........................ $3 .88 $4 .17
Revenue per Passenger Car Mile (Including Baggage,
Mail and Express)................................... $0.6237 $0.6615
Cars in Each Passenger Train (Including Baggage, 6.768
Mail and Express).............................8 68
Revenue per Passenger................................... $0 .98 $0.953
Revenue per Passenger per Mile.......................... $0 .0237 $0 .0240
Passengers One Mile per Mile of Road................. 313,765 342,151
Revenue per Mile of Road.............................. $9,752 .43- $10,601 .87
Number of First Class Passengers Carried .............168,344 184,307
Revenue from First Class Passengers Carried........... $198,892 .47 $218,196 .44
Number of Second Class Passengers Carried .... 194,765 225,647
Revenue' from Second Class Passengers Carried ... $156,264. 07 $172,366 69










PANAMA RAIL ROAD COMPANY


41


TABLE No. 24 RAILROAD OPERATIONS-FREIGHT STATISTICS FOR THE FISCAL YEARS ENDED JUJNE 30, 1933 AND 1932


Gross Freight Revenue..........................** ........
Freight Train Mileage (including Mxed Trains).......... Freight Trains per Day per Mile of Road...............
Loaded Freight Car Mileage..........................
Empty Freight Car Mileage...........................
Caboose Car Mileage ...................
Total Freight Car Mileage (Including Caboose).......... Per Cent of Loaded Car Mileage to Total Car Mileage
(Including Caboose)..............
Loaded Freight Cars per Train........................
Empty Freight Cars per Train.........................
Loaded and Empty Freight Cars per Train..............
Tons Through Commercial Freight.....................
Tons of Local Commercial Freight.....................
Tons of Local Army Freight..........................
Tons of Local Panama Canal Freight ........ Tons of Local Commissary Freight ......... Tons of Company Freight .............
Tons of Revenue and Company Freight Carried ... Tons of Through Commercial Freight Carried One Mile. Tons of Local Commercial Freight Carried One Mile. Tons of Local Army Freight Carried One Mile.......... Tons of Local Panama- Canal Freight Carried One Mile. Tons of Local Commissary Freight Carried One Mile.. Tons of Company Freight Carried One Mile............
Tons of Revenue and Company Freight Carried One Mile Tons in Each Loaded Car (Including Company).... Tons in Each Loaded and Empty Car (Including Company) Tons in Each Train..
Revenue per Frei,1ht Car Miile..............
Average Mile Each Ton of Revenue Freight Carried .... Revenue per Freight Train Mile...........
Revenue per Ton of Revenue Freight ........ Revenue per Ton Mile.................................
Tons of Revenue Freight Carried One Mile per Mile of
Road .. . .';.. . . . . .
Freight Revenue per M ileof Road ....-**...........
Estimated Loaded Cars in Each Train (Estimating 2
Empties or 2 Cahooses as 1 Loaded Car)............
Revenue Freight Engine Mileage.......................
Estimated Loaded Cars Handled per Revenue Freight
Engine...........................................
Tons Handled per Revenue Freight Engine..............


1933

$742,023. 86 78,341
4.50
950,236 374,691 80,780 1,405,707

67.59
12.12 4.78 16.90
56,41 "6 66,550
7,314
132,722 29,523 7,407
299,932 2,653,336 2,223,774
152,368 3,863,180 1,083,105
184,614 10,160,377
10.69
7.66
129.69 $0.527
34.10 $9.47 $2.54 $0.074

209,530
$15,585 .46

15.03
79,146

14.88 128.37


1932

$792,508 .77
82,075
4.72 970,975 393,604 84,813
1,449,392

66.99 11.83
4.79 16 .62
66,361
91,740 3,267 72,317
29,842 4,105 267,632 3,102,706 2,767,319 116,633 2,560,099 1,091,501
124,323 9,762,581
10.05 7.15
118.95
$0.546
36.47 $9.66 $3.01
$0 .0822

202,397
$16,645 .84

14.74
83,877

14.70
118.63









42 PANAMA RAIL ROAD COMPANY





TABLE No. 25


PANAMA RAIL ROAD, PANAMA CANAL, AND U. S. ARMY TRACKAGE, ADDITIONS
AND REMOVALS FOR THE FISCAL YEAR ENDED JUNE 30, 1933



LENGTH

PANAMA RAIL ROAD TRACKS:MIE TOA
Main Line, Colon-Panama........................................ 47.61
Atlantic Terminal:
Colon ........................................................2.06
Cristobal and Mndi Island..................................... 21.85
Pacific Terminals:
Panama ......................................................7.01
Balboa .........:.............., *................................11.63
Intermediate Passing Tracks, Sidings and Yads................... 12.39
Total Panama Rail Road Tracks................................ 102.55
PANAMA CANAL TRACKS:
Atlantic Terminal................................................ 5.17
Intermediate Tracks.............................................. 15.33
Pacific Terminal.................................................. 16.91

Total Panama Canal Tracks .................................... 37.41
UNITED STATES ARMY TRACKS:
Atlantic Terminal............ .................................... 3.28
Intermediate Tracks.............................................. 2.42
Total United States Army Tracks................................ 5.70
Total Trackage Maintained by Panama Rail Road ...... 145.66

Tracks taken up during the Fiscal Year
PANAMA RAIL ROAD TRACKS:
Intermediate Passing Tracks........................................ .17
PANAMA CANAL TRACKS:I
Atlantic Terminal................................................. .03
Intermediate Tracks............................................... .09

Total Tracks Taken Up......................................... .29

Tracks added during the Fiscal Year
PANAMA CANAL TRACKS:
Pacific Terminal ............................................... .04
Total Tracks Added During the Fiscal Year ..........04

Rail, Cross and Switch Ties, and Gravel used during the Fiscal Year
Cross Ties-New................................................ 10,858
Switch Ties-New................................................ 44,856 Ft. B. M.
Rail 70-lb. S.H.................................................... 14.829 N. T.
Rail 90-lb. S.H................................................... .310.995 N. T.
Rail 90-lb-New................................................. 526.860 N. T.
Gravel.......................................................... 2,856 Cu. Yds.

Amounts expended on Work Performed for Other Divisions, and on Railroad A. F. E.'s.
Maintenance-Panama Canal Tracks.................................. $18,434.15
Maintenance-U. S. Army Tracks..................................... 4,121.57
Miscellaneous Work Requests-Panama Canal........................... 39,027.79
Railroad A.F.E.'s................................................... 39,704.87








0
0
a~
0


(D
W
W


a a 0 J 0

C+ J
0+


00" C+ 3
a#-A

Ea


03 Road Engines A <-i0

tl:) NI) Switch Engines 0) Ci Caboose 03CI3
03 00 Ref rigerators ci Ci Gondolas

03co3 Box Stock

Flats, Steel

0 Ballast Ia 03 Oliver Dumps-12 Yardsci 0) Oliver Dumps-19 Yards c
-a
Lidgerwoods 5 a a Work Cars

Ci 03 *i Oil Tanks Labor Box

00 00
ci Banana
ci Automobiles Garbage

co Motor Cars 03 Parlor Cars

a First Class

__________ Second ClassZ

000 Passenger Boxa

______________ Baggage and Mail Hospital Cars

03 Pay Cars


Piledrivers

Co Cranes

03 Steam Ditcher 03 Steam Shovel

Weed Killer


XNIVCIJAO2D (OU rIIVH VKVNVJI


a
C3
z
a
0 52


m
H
H


z
H
0


0
0

0

H
03




o

0
0
(I) K~
H
0
0



CI)


0 C

z

C~3


130


Ev1









44,


PANAMA RAIL ROAD COMPANY


TABLE No. 27


STATEMENT OF EXPENDITURES UNDER AUTHORITY FOR EXPENDITURES DURING
THE FISCAL YEAR ENDED JUNE.30, 1933



NoF.. THIS YEAR To DATE

1724 Cristobal Mole....................................... $3,623 95 $17,807 80
1909 Six Block Fill, Colon................................. 14,060 84 332,824 21
1957 Equipment, Telephone Exchange, Madden Dam .... 1,828 65 19,585 60 1963 Telephone Cable......................127 07 2,354 06
1971 Alterations and Improvements*,* Industrial *Laboratory* 2,027 47 36,827 28 1984 Bread Wrapping Machine, Bakery .....................4 58 4,469 32
1985 Purchase 2-Printing Telegraph Machines ...............2,079 00 2,079 00
1986 Paint roof trusses Pier 8, Cristobal.................... 2,247 70 21,247 70
1989 Renew Piles, Pier 9, CrIstohal......................... 5,106 03 5,'106 03
1990 New 902 Rail Mile Post 37........................... 22,214 36 22,214 36
1994 Overhaul No. 1 Ice Tank, Mt. Hope..................... 6 64 1,320 22
1995 Overhaul Crane No. 64 ............................... 7,461 29 7,461 29
1997 New Tumblers, Ancon Laundry........................ 5,834 40 5,834 40
1998 Improve Drainage, Lots 241/2 Colon...................... 400 40 674 65
1999 Repair Old English Wharf., Panama................... 8,341 27 8,341 27
2000 Change pipe condensers................................ 907 05 907 05
2001 Paint hull Pile Driver No. 200.......................... 531 17 531 17
2002 Repairs to Barge 206.................................. 601 93 601 93
2003 Repairs to Wilson St., Mt. Hope........................ 996 47 996 47
2004 Paint hull Pile Driver No. 201.......................... 550 90 550 90
2005 Repairs to Barge 205.................................. 612 57 612 57
2006 Refrigerating System, Ancon Commissary............... 2,826 25 2.826 25
2007 Renew fender piles, Dock 6 & 7, Balboa................. 3,300 86 3,300 86
2008 Overhaul Compressor, Mt. Hope........................ 815 98 815 98
2009 Renew fender piles, Dock 9, Cristobal................... 1,361 63 1,361 63
2010 Cracker cutting machine............................... 2,752 60 2,752 60
2011 Wig-Wag Signal, Corozal..............................725 80 725 80
2012 Purchase 2-Printing Telegraph Machines................. 1,378 09 1,378 09
2013 Purchase 10-Printing Telegraph Machines............... 5,722 83 5,722 83
2014 Paint Steel Structural Bridge, Coal Plant............... 1,405 63 1,405 63
2015 Repairs riggers walkway, Dock 9........................ 793 03 793 03
2016 Renew hoist cable, Commissary Warehouse................ 492 07 492 07
2Q17 Wig-Wag Signal Balboa............................... 610 70 610 70
2018 Paint roof Ancon Laundry........................... 2,326 57 2,326 57
2019 Paint Commissary Buildings........................... 2,848 64 2,848 64
2020 Renew Boiler Tubes, Coal Plant, Balboa.................. 539 40 539 40
2021 Reroof Cold Stordige Plant Building..................... 230 65 230 65
2022 Paint roof Cristobal Comimissary......................... 9 80 9 80
)2023 Extractor, Ancon Laundry............................ 2,088 65 2,088 65
2024 Shipping Crates, Commissary Division.................. 1,663 86 1,663 86
2025 Equipment, Ancon Laundry............................ 912 89 912 89
2026 Replace piling Dock 6, Cristobal....................... 2,016 94 2,016 94
2029 Replace piling Dock 7, Cristobal....................... 3,406 42 8,406 42
2030 Replace piling Dock 8, Cristobal........................ 1,919 81 1,919 81
2031 Rep'-ace riggers walkway, Dock 8....................... 320 05 320 05
2032 Construct Yard Office, Balboa.......................... 783 87 783 87
2033 Repair Roof, Pier 9, Cristobal.......................... 481 56 481 56
Totals....................................... $121,298 32 $515,081 86









PANAMA RAIL ROAD COMPANY 45











TABLE No. 28


STATEMENT SHOWING PRINCIPAL ITEMS OF COMPLETED CONSTRUCTION WORK
AND EQUIPMENT ADDED TO CAPITAL ACCOUNT DURING THE FISCAL YEAR
ENDED JUNE 30, 1933



Installation of two Printing Telegraph Machines for rental in off ices of the
Panama American Publishing Company .....................$2,079 00
Installation of two new dry tumblers in Ancon Laundary..............5,834 40
Installation of one cracker-cutting machine in Mt. Hope Bakery................ 2,752 60
Installation of Wig-Wag signal at grade crossing in Corozal.................... 725 80
Installation of telephone cable for telephone distribution on the west side of
the CnCanal ....*....'.**.*..*.*..*.*'.*.**.*..*.....*..*.........'.*'.*..*.'..*.**.'.*'.'...2,3542,5406
Installation of ten teletype machines for rental to Locks and Marine Divisions
of the Panama Canal ................................5,722 83
Installation of Wig-Wag signal south of Ba lboa He ights Statio*n............610 70
Municipal improvements and fill for 6 blocks south of 9th Street in Colon, R.P 332,824 21 Municipal improvements in Santa Cruz Area development project in Panama, R. P 40,324 34 Installation of two teletype machines for rental in Cristobal and Panama branches
of the Chase National Bank........................................... 1,378 09
Total............................................. $394,606 03


ITEms REMOVED FROM CAPITAL ACCOUNT:
Various Tracks removed.............................................. $4,790 00
Barge 87 Surveyed................................................... 18,262 64
Trailer Surveyed ............................................... 149 50
Batteries and accessories............................................... 22,822 93
Coal Plant Equipment Surveyed......................................... 617 89
Telephone Equipment Surveyed.......................................... 363 26
Building 802, Colon, demolished....................................... 4.000 00
Commissary Buildings abandoned........................................ 235,591 35
Total................................................ $286,597 57









46


PANAMA RAIL ROAD COMPANY


TABLE No. 29


CONSTRUCTION WORK IN PROGRESS AT CLOSE OF FISCAL YEAR ENDED JUNE 30, 1933



AFE. ETMT
No. ETMT

1957 Purchase and Installation of equipment for telephone service at Madden Dam $19,125 00 2006 Alterations and improvements to refrigerating system at Ancon Commissary 2,562 90 2023 Purchase and installation of one 48" open top laundry extractor in Ancon
Laundry ..........................................................2,276 61
2025 Purchase and installation of miscellaneous -new equipment in Ancon Laundry 8,908 00 2027 Purchase and installation of two tape type teletypes for rental. One in
the Patilla Point Off ice and one in the France Field Office of the PanAmerican Airways, Inc ............................................ 1,400 00
2028 Purchase and installation of 12 Westinghouse mechanically ref rigerated
water coolers in Commissary Division units......................... 2,500 00
2032 Construction of Yard Office Building in Balboa Yard..................... 7,325 00
Total............................................... $44,097 51














lit"3 3 TWO"


3. 3/


(/

333
3' '


3 3" '"3


c,.''v,


i4,


(/9


1'~


43

4"

3' 4
'v 4


"'3"


''.3' .'


I," A '

















('Al



'jT -4I


3" 33

/3"


3'" 43. '3 "' >3! 3t<'










4'


3' ' 3'
3' '3
'3 '3. '


':7 <4">'
<3 3.'"' 3''


.4<7'


~(~3


7'; '4" '3 3 '1''


"3 '3 ""'3 '3!:'


33!' A"'

73"


NJ




'3 '3 3<' '3


AF 4


$3


333

3 33 44'


'1
3,333 '




K":'


'3!

33
'3


3''

3/'










-r W


UNIVERSITY OF FLORIDA


III11111111111111111 lil11111111 11111111
3 1262 08537 0061


4


#~


low,~




Full Text
xml version 1.0 encoding UTF-8 standalone no
fcla fda yes
!-- Annual report of the Board Directors Panama Rail Road Company to stockholders ( Serial ) --
METS:mets OBJID AA00048437_00013
xmlns:METS http:www.loc.govMETS
xmlns:xlink http:www.w3.org1999xlink
xmlns:xsi http:www.w3.org2001XMLSchema-instance
xmlns:daitss http:www.fcla.edudlsmddaitss
xmlns:mods http:www.loc.govmodsv3
xmlns:sobekcm http:digital.uflib.ufl.edumetadatasobekcm
xmlns:lom http:digital.uflib.ufl.edumetadatasobekcm_lom
xsi:schemaLocation
http:www.loc.govstandardsmetsmets.xsd
http:www.fcla.edudlsmddaitssdaitss.xsd
http:www.loc.govmodsv3mods-3-4.xsd
http:digital.uflib.ufl.edumetadatasobekcmsobekcm.xsd
METS:metsHdr CREATEDATE 2017-08-30T10:33:58Z ID LASTMODDATE 2017-08-24T10:56:09Z RECORDSTATUS COMPLETE
METS:agent ROLE CREATOR TYPE ORGANIZATION
METS:name UF,University of Florida
OTHERTYPE SOFTWARE OTHER
Go UFDC FDA Preparation Tool
INDIVIDUAL
UFAD\renner
METS:dmdSec DMD1
METS:mdWrap MDTYPE MODS MIMETYPE textxml LABEL Metadata
METS:xmlData
mods:mods
mods:classification authority sudocs W 79.13/1:
mods:accessCondition This item is a work of the U.S. federal government and not subject to copyright pursuant to 17 U.S.C. §105.
mods:genre sobekcm serial
mods:identifier type ALEPH 021902642
OCLC 07098325
mods:language
mods:languageTerm text English
code iso639-2b eng
mods:location
mods:physicalLocation University of Florida
UF
mods:url access object in context http://ufdc.ufl.edu/AA00048437/00013
mods:name corporate
mods:namePart Panama Railroad Co
mods:role
mods:roleTerm Main Entity
mods:note numbering peculiarities Fiscal year ends December 31, 1877-1904: fiscal year ends October 31, 1905; fiscal year ends June 30, 1906-1951.
mods:originInfo
mods:publisher Panama Rail Road Company.
mods:place
mods:placeTerm marccountry nyu
mods:dateIssued 1933
marc point start 18uu
end 19uu
mods:edition No.84, 1933
mods:frequency marcfrequency annual
regular
mods:recordInfo
mods:recordIdentifier source AA00048437_00013
mods:recordCreationDate 810202
mods:recordOrigin Imported from (ALEPH)021902642
mods:recordContentSource University of Florida
marcorg IXA
m/c
mods:languageOfCataloging
English
eng
mods:relatedItem original
mods:physicalDescription
mods:extent v. : ; 24 cm.
series
mods:part
mods:detail Enum1
mods:caption 1933
mods:number 1933
Enum2
No. 84
84
Year
1933
1933
Month
No. 84
84
mods:titleInfo
mods:title Annual report of the Board of Directors of the Panama Rail Road Company to the stockholders
alternative displayLabel Other title
Report of the Panama railroad co. for the year
Portion
Annual report of the Board of Directors of the Panama Railroad Company to the stockholders
mods:typeOfResource text
DMD2
OTHERMDTYPE SOBEKCM SobekCM Custom
sobekcm:procParam
sobekcm:Aggregation ALL
DLOC1
PCM
IUF
IUFGOV
UFPANCAN
sobekcm:MainThumbnail 00001thm.jpg
sobekcm:Wordmark PCANAL
DLOC
UFDOCS
sobekcm:bibDesc
sobekcm:BibID AA00048437
sobekcm:VID 00013
sobekcm:EncodingLevel I
sobekcm:Publisher
sobekcm:Name Panama Rail Road Company.
sobekcm:PlaceTerm New York
sobekcm:Source
sobekcm:statement UF University of Florida
sobekcm:SortDate 657071
sobekcm:serial
sobekcm:SerialHierarchy level 1 order 1933 1933
2 84 No. 84
METS:amdSec
METS:digiprovMD DIGIPROV1
DAITSS Archiving Information
daitss:daitss
daitss:AGREEMENT_INFO ACCOUNT PROJECT UFDC
METS:techMD TECH1
File Technical Details
sobekcm:FileInfo
sobekcm:File fileid JP21 width 3278 height 5445
JPEG1 602 1000
JPEG2
JP22 3282 5449
JPEG3 599
JP23 3254 5431
JPEG4
JP24 3276
JPEG5
JP25 3256 5433
JPEG6 601
JP26 3270 5441
JPEG7 600
JP27 5447
JPEG8
JP28 3268 5439
JPEG9
JP29 3266
JPEG10
JP210 3280
JPEG11
JP211
JPEG12
JP212
JPEG13
JP213
JPEG14
JP214
JPEG15
JP215
JPEG16
JP216 3274 5443
JPEG17
JP217
JPEG18
JP218
JPEG19
JP219 3272
JPEG20
JP220
JPEG21
JP221
JPEG22
JP222
JPEG23 630 378
JP223
JPEG24
JP224
JPEG25
JP225
JPEG26
JP226
JPEG27
JP227
JPEG28
JP228
JPEG29
JP229
JPEG30
JP230
JPEG31
JP231
JPEG32
JP232
JPEG33
JP233
JPEG34
JP234
JPEG35
JP235
JPEG36
JP236
JPEG37
JP237
JPEG38
JP238
JPEG39
JP239
JPEG40
JP240
JPEG41
JP241
JPEG42
JP242 3264
JPEG43
JP243
JPEG44
JP244
JPEG45
JP245 3258
JPEG46 588
JP246 3160 5375
JPEG47
JP247
JPEG48
JP248 3260 5435
JPEG49
JP249
JPEG50
JP250
JPEG51
JP251
JPEG52 585
JP252 3140 5363
METS:fileSec
METS:fileGrp USE archive
METS:file GROUPID G1 TIF1 imagetiff CHECKSUM 0e4b4e743a2a7f2ecd3bc7e1548b2050 CHECKSUMTYPE MD5 SIZE 53590188
METS:FLocat LOCTYPE OTHERLOCTYPE SYSTEM xlink:href 00001.tif
G2 TIF2 bdb8713ddb60dc2d46462eab9c5bcca1 53694944
00002.tif
G3 TIF3 9c6a4859abaf458ac6a6015041ad2a0d 53061368
00003.tif
G4 TIF4 e90c2297c9aa7d89bd2f0353c8e7d6b8 53557518
00004.tif
G5 TIF5 080589b27c8ca9390c15159c6bbcbc15 53113506
00005.tif
G6 TIF6 b8f46944ec88ac3c9e2c570adf2acae5 53420236
00006.tif
G7 TIF7 7df4d8e4da8ffdae4c915c1f573808ae 53457160
00007.tif
G8 TIF8 8e868f26e6097e1ecfc9bb66351936c8 53367966
00008.tif
G9 TIF9 8763de17af67c522bdea735e3941b0e9 53335332
00009.tif
G10 TIF10 0b2bb0b1398e7c9a1379780df53f0f75 53642554
00010.tif
G11 TIF11 824339fb3596e3b8d808fd79bda938d9
00011.tif
G12 TIF12 3c73680f07cf10253e5d4b2e2c569a6d 53387590
00012.tif
G13 TIF13 7acff64daeaff87d9176dd6454a4ff31
00013.tif
G14 TIF14 3a08d669ac33ba36b7f8bd0cc39d2629 53609872
00014.tif
G15 TIF15 7a76a6558b715c1f138d231309afa88e
00015.tif
G16 TIF16 3b6293e2eb1a1d467d1fa2f55a368a8f 53505188
00016.tif
G17 TIF17 7b69059726e7fe070bc24cf75c528f8b
00017.tif
G18 TIF18 15ed2ebef98f970498eb4fb6e78038f9
00018.tif
G19 TIF19 d32d32b2659181737816b9ef2543a943 53472530
00019.tif
G20 TIF20 b3438af63c62b2f6e5f7d7e55db326c4
00020.tif
G21 TIF21 c6669a7158faf28143e3f0adcb185deb
00021.tif
G22 TIF22 2d7a1d881c1dc9d82e5e8a00a145e818
00022.tif
G23 TIF23 80664f551239da97f00b711eb2119dbe 53317949
00023.tif
G24 TIF24 bc65e47a710ad89bdae1b1ae03e5963c
00024.tif
G25 TIF25 0dc3c6751e7f698f12a96ed02a361377
00025.tif
G26 TIF26 878c89a966d7cb504bd26520c65af8e9
00026.tif
G27 TIF27 f305b3a75e477be8e10eeb1a2ae7e04d
00027.tif
G28 TIF28 8d8a9837d9985b0850ad9691ff30473d
00028.tif
G29 TIF29 97a362a7f497ea4ae36474500195226a
00029.tif
G30 TIF30 e7b215511afbe2ff90565f1ec6617265
00030.tif
G31 TIF31 c919bab975bb4fc9dd8c8f1562e824ef
00031.tif
G32 TIF32 cff75b8fc6391778f334812da097ddd5
00032.tif
G33 TIF33 2f7a6be5fbab863a1224d98879119816
00033.tif
G34 TIF34 4d1f2f745e5c1b748edaebeee010f7f1
00034.tif
G35 TIF35 73b2a03c54191abe052a15fc42af5486
00035.tif
G36 TIF36 8a3584d4e04be47f07b2e6494b20a76f
00036.tif
G37 TIF37 74252f3429f86767d96e4392dec55cf5
00037.tif
G38 TIF38 5b65789b6caff567b01d15701c60fc58
00038.tif
G39 TIF39 96b88a16e98951865ad68fc771e67bef
00039.tif
G40 TIF40 6a3d9d8cc7c4cb7d2e93787d7f6b6709
00040.tif
G41 TIF41 757cd7db0ff9139f100c66d0016451fe
00041.tif
G42 TIF42 93d32c47805a60cb007513cef8322209 53302698
00042.tif
G43 TIF43 2070949798107827e8af111709f4d89b
00043.tif
G44 TIF44 edd93c278793800761badd1aefc726e3
00044.tif
G45 TIF45 4be0ce75ab4c84ae440dd9cfab15f35f 53128705
00045.tif
G46 TIF46 3115275383bc43fe6df1dda6dc2eb2d0 50998498
00046.tif
G47 TIF47 063e91d2c4b9a390d71af407990179a2
00047.tif
G48 TIF48 5f58a26a190dda04369e6b23fb2bf609 53198278
00048.tif
G49 TIF49 900c489640fd496bf48434355fbbb014
00049.tif
G50 TIF50 34713e010515b207d3ce2e04c757e7d7
00050.tif
G51 TIF51 8455f8c2e43e88dbb3554092dc06f89f
00051.tif
G52 TIF52 c686d65ed2e9f3d0f835160e1e5ac64f 50562862
00052.tif
reference
imagejp2 99ab8c8b2b5ad3344889c818e520768d 2231132
00001.jp2
27fb9d6c211bf08633cea3c5f75765b8 2235466
00002.jp2
f969a345864f3192fcd68308f89b2f3e 2209167
00003.jp2
e2541ba135ad7c1f6629a578ac9d05c3 2229814
00004.jp2
264ca4f2182d38f5d02b32dea4214123 2211325
00005.jp2
cbc88b359f6be054f77e89dcd0332c9d 2224117
00006.jp2
5ad12a6298931204ee38480fd0d639ba 2226572
00007.jp2
45fc9e91b221fbfbbd3848c6abf5e712 2221900
00008.jp2
43199cb3f0eeef0137ae746cd742f5f1 2220581
00009.jp2
873ab4f2137ae717d9f4a4bc4fca5cc9 2233380
00010.jp2
01aa298694a8f5e8b118d33ddb2c8dc3 2235490
00011.jp2
1ee60ad87c1dd4a2906a35de4e49186c 2222751
00012.jp2
5037a671b08370f6d63d1b34950b6c6d 2235514
00013.jp2
2c05d7b491c040ca0697c96f068dc405 2232008
00014.jp2
40dfe5894f3564d61aef027d63ebc7b8 2233377
00015.jp2
fb803ad1e64d03e0a6a18048df3b8dd9 2227650
00016.jp2
994399495477b27712ec4cfa1a6b7727 2220552
00017.jp2
e08c98cab0026c95eb7c4ef9be9ce4d6 2224112
00018.jp2
ca8cd7ac10fe408f88a9c2edd3e3e2f1 2226294
00019.jp2
d9b6ede44ddca6df94cdda084634c9d5 2226287
00020.jp2
ba5a6e27672561e9ce6177d16cfba535 2233267
00021.jp2
fbd284fc4c20baccaf9807e52173448f 2226252
00022.jp2
e5eda67e6d3dfc27b370b77b08ed3457 2220568
00023.jp2
7f12395562535fda6979adc6fd72f6c4
00024.jp2
75fdbf7cf49a38407bceaf77c17c5097
00025.jp2
32b92dc0b14bc9909c606fd913c4da33 2226296
00026.jp2
2c6133291f62ef57d03a312c1f262944 2233374
00027.jp2
849f7a0894d4b72d51e6d5d650daf0ec 2233366
00028.jp2
3c8551d0bd1cfaeb8f3c4de9ad2335ff 2233094
00029.jp2
0555d9d04365412e1472881a20e3d370 2231167
00030.jp2
f159d87180f78a04ffa39e49bb14db85 2233325
00031.jp2
782adf95a7413dfc080d6d7a61ff27f3 2229806
00032.jp2
67156e650579f81eca9e7ce54d40b830 2233379
00033.jp2
780466e148cc6b44c27b18aefd03601f 2229836
00034.jp2
6ca0967d0446cb04bf532b1f54edd1bc 2220560
00035.jp2
f0385e9ccfa22f790d0616b08d29ddf7 2229443
00036.jp2
30fba5cbb9c6cc23430607405cd3224f 2233294
00037.jp2
6710748d639a95963b73020217ab169b 2229763
00038.jp2
fdab76651baeb4cd82b8898f616af1d7 2226290
00039.jp2
277c7b1b9ed87ee14b0078b69d0bded8 2224108
00040.jp2
8e39ede90412db2a5e6e07f6cea75505 2224118
00041.jp2
bbfff5da491e445cc46a1adf8d03f0a9 2219221
00042.jp2
482c4741ed94e698fe431a8fee9eb3db 2229805
00043.jp2
575ca11e6870e42e9602b544ec209b4b 2231178
00044.jp2
419a58230aa180b71ed51840274f7231 2212690
00045.jp2
c1de967254838c390ba14a449f101e00 2123098
00046.jp2
1ffd731bd11d45b12bf7a75dd46036c1 2233309
00047.jp2
eff3472aeda2d10ebaa7556d7e72117b 2214841
00048.jp2
42b4ca95d4f59278fab33add2be556ed 2235422
00049.jp2
341ad6e098b24ca093d9844cfacac963 2235478
00050.jp2
3275327c4d87bfeb5b6934c2814ae468 2235253
00051.jp2
81030d355d3be9f42c9e8b9e5129b39a 2104948
00052.jp2
imagejpeg 01d183e5b3080becaf67a098b8729b9f 252113
00001.jpg
JPEG1.2 8181df147dfb319454d73038a4d0d9d2 50584
00001.QC.jpg
e89b9205e158ed7e310686aa55bebb04 237056
00002.jpg
JPEG2.2 880254dfc9bab87d08a915bc02e2b033 43749
00002.QC.jpg
a1fef1e39cbb805701e9bc260a5a3547 143471
00003.jpg
JPEG3.2 81c5f4f81e64b88b66316ecc1cbbb407 27774
00003.QC.jpg
4d022ccc8b7ff94afdd87a716653c5de 221116
00004.jpg
JPEG4.2 f8d1331684227880ba6ed07719ccbc9d 49348
00004.QC.jpg
7b32eb7be217ce16decbd5a4d980d06f 265907
00005.jpg
JPEG5.2 a98574dd339714c7e99501ae47684a7a 61284
00005.QC.jpg
c1e1bb503ba23c56497196203eb9fa93 194358
00006.jpg
JPEG6.2 dd545025ff4117ea396a0c818a9c8a50 44270
00006.QC.jpg
285413a6dd020fdc896a182a33eb90c3 269129
00007.jpg
JPEG7.2 f769b3dd716a7028cbd8c07ee4a603c1 80276
00007.QC.jpg
298b3c388e0a291fe648b6dc3a109f71 291922
00008.jpg
JPEG8.2 fcd12f71a3db0483e9e7839efe9732f0 68895
00008.QC.jpg
e9d73641830a7054a565f159ddba106f 278689
00009.jpg
JPEG9.2 84873c1e55ad357d73a7fafe2ce88d03 60937
00009.QC.jpg
d9e0e0fec127121975feece5e851b593 251124
00010.jpg
JPEG10.2 edb67f38b095164a917703ec0d614804 55604
00010.QC.jpg
fbf5f230c80e514cbafa29bac51b1aa2 274168
00011.jpg
JPEG11.2 b246499cdb52113ad89c764cb25584d9 61414
00011.QC.jpg
dd93183d3314e426d90f43cb0018a3c8 302291
00012.jpg
JPEG12.2 183f714b5764c370534b46398d9a872e 68743
00012.QC.jpg
d8f10303803a3670e7ae946f62276fce 296914
00013.jpg
JPEG13.2 739159a9ba0071acc73d17c518dd7ee5 69335
00013.QC.jpg
9e92575a3cf78ba58fed97051da7119f 225230
00014.jpg
JPEG14.2 aa9fa4eacd4384bd61214b2bc432e45d 48669
00014.QC.jpg
c95488ab0c2f586769bea8c4cfe2aaf1 240580
00015.jpg
JPEG15.2 76ac257cd3d5b5c1eb4afe00ab746bd2 54587
00015.QC.jpg
e6f5407bae7d9eb8c31b49b89b753da2 282718
00016.jpg
JPEG16.2 efb02dfbef5b2073b8eeacae52ed6908 64972
00016.QC.jpg
8a2234b2243b22b3613447498af1d01b 292521
00017.jpg
JPEG17.2 3067af49bcb4eb9d0834618f55582cdc 65097
00017.QC.jpg
5e6d17a47f9988197926441980fd0be0 233403
00018.jpg
JPEG18.2 9d69e6faf3c6c89b52648d172c2e636a 51031
00018.QC.jpg
925b094005f381592e0332e7e20b9e36 226246
00019.jpg
JPEG19.2 5e899c68762248ac8936c54264ff3097 49124
00019.QC.jpg
3171424c64dd972a484fbcf7291253b2 261468
00020.jpg
JPEG20.2 3ac7e1d15e440ae47f7fc2e8d5ff82c1 54829
00020.QC.jpg
8bc3bdab7d5e33e21cd66dccd541b423 225279
00021.jpg
JPEG21.2 25337f6c94c860b66ddcc428bd752e50 47872
00021.QC.jpg
24834d027a05e79191bf61050724e8a7 279522
00022.jpg
JPEG22.2 7f282f8df5c280fbc62b9514ce37ccf6 63011
00022.QC.jpg
bc0ed746b4efbc038f9650863a2b4e6e 79347
00023.jpg
JPEG23.2 10bdfd8eb4edf9291be75c946c818d15 18893
00023.QC.jpg
06918bbf95293df3dca724ae21d5cc7e 226591
00024.jpg
JPEG24.2 6beddd638620f028874eac7a1ea66629 49566
00024.QC.jpg
4a2a058634299c7a4fcc2978f8c43bcd 207527
00025.jpg
JPEG25.2 fd86fb0ab4281a40070b619662af084c 42796
00025.QC.jpg
134c5634465578f75b24ed363e0c6c28 222366
00026.jpg
JPEG26.2 c8636f5eab9dcd4733f260537eab2a19 49179
00026.QC.jpg
2041dfc9c17206d6ffd3c2549721003a 183974
00027.jpg
JPEG27.2 318fa1a47d48a8565d50f0b52e871074 38078
00027.QC.jpg
7624f4b6db619b2e5022943ddc3c9b98 233145
00028.jpg
JPEG28.2 b3b1fc41811c198f2d80ba50bdd0313f 48897
00028.QC.jpg
6af6b6811154862718a70be870756615 234882
00029.jpg
JPEG29.2 0187027e037eae0c1c9542916e521233 49645
00029.QC.jpg
38f3d4003142025ce53436d90c1c32fc 257122
00030.jpg
JPEG30.2 4c835de1f624fd21a2c402960b5d5eae 56748
00030.QC.jpg
d0101b5b8fcd5a6b1e50b47dcc89738e 174800
00031.jpg
JPEG31.2 fec5eee7621b20f97a413f801a5a55df 34872
00031.QC.jpg
94a17fcb420f2b4ff69018e353cefb56 253077
00032.jpg
JPEG32.2 beb38600a5dfe176ef1b43010dcebdfd 54974
00032.QC.jpg
030c1c8f1acb78b790cbc27831daf40d 192174
00033.jpg
JPEG33.2 0fd835f541e79bdf8130f2e6ea5b3ebe 35857
00033.QC.jpg
660840297f847b35f112d78a4d2e39f9 232954
00034.jpg
JPEG34.2 fff699f940b0e05ddf08d7022390790b 49833
00034.QC.jpg
fe5e3e124c18f96bb95631911002fb4b 243553
00035.jpg
JPEG35.2 702dd15bcd920da4d84537bab947233f 54435
00035.QC.jpg
db285db78b887e86df39bf2598976091 235685
00036.jpg
JPEG36.2 8435d7572e1eb1983f9dbfc8e30fdacd 48668
00036.QC.jpg
83874a3fa363537020d0182eed1507b7 225873
00037.jpg
JPEG37.2 09f8dc08bac640a35917a9a8f8bd33b6 46866
00037.QC.jpg
b80c39f30d696a78d69ccbb20f595e5b 225251
00038.jpg
JPEG38.2 82ba55807c3439bb19973f9ee8f92979 48828
00038.QC.jpg
200cb1290b641293163af18c324ad174 233202
00039.jpg
JPEG39.2 42dbf0c812b11d7537ec8c90e12e1fb3 51541
00039.QC.jpg
7c8a691a3222e55f999803836538c134 226649
00040.jpg
JPEG40.2 7d89e106da7f5abd713f8b87673c6ed9 49499
00040.QC.jpg
f15f828aed6231b11edde6b75eea6235 189672
00041.jpg
JPEG41.2 c61ac53c38ba15067bcc2235bfdc5cdc 37166
00041.QC.jpg
ec4f3ef127ceb741b2897a30ecd5c7c6 220314
00042.jpg
JPEG42.2 a047d4079ce99fd38dde5089cec03469 46225
00042.QC.jpg
bc3a8641db999191ebdd48a5113fddfd 224114
00043.jpg
JPEG43.2 d7e520553e85d22904421588f4aec9b7 45836
00043.QC.jpg
a142148dca264b84f98869670c78e03e 244342
00044.jpg
JPEG44.2 2a9ea74ef62fc1cb45ebb417a1fa3da7 52710
00044.QC.jpg
9190987a6d9894962d5b7d1dfe2f902d 73969
00045.jpg
JPEG45.2 ccc53425ffa18fb517e22178123fcc7f 17915
00045.QC.jpg
62d5792199805012dce94dbe6d8bf0cf 247830
00046.jpg
JPEG46.2 44fbf5e68020fd53eec4513fbb380258 52191
00046.QC.jpg
b165a98b8153017874fa4a8626fda263 197136
00047.jpg
JPEG47.2 d166da6b4a73946b2c300365e9b04a1e 38764
00047.QC.jpg
0c6f1288ef8e3a3d4d84382fc666777c 191545
00048.jpg
JPEG48.2 43bec1fb741214a517df434141cf2274 37553
00048.QC.jpg
3e2396d880459f0f74553ba6fd0a66c3 144549
00049.jpg
JPEG49.2 6163bdf60ec96a5cb2c7d909574b5d05 23466
00049.QC.jpg
8225ef7d71d18e66e7b4ce08e9e20d3e 113952
00050.jpg
JPEG50.2 03363cb0fe85a9f50e480b5b757c6895 17801
00050.QC.jpg
79531ec6d286621c3ef2d1a3901da753 233376
00051.jpg
JPEG51.2 e1a934544090087530769e35f4766c82 42449
00051.QC.jpg
fbf0e2e3357aaff76956467678d8e795 227901
00052.jpg
JPEG52.2 7a33e8e1e32ebabe8f9ee53082b66323 42100
00052.QC.jpg
THUMB1 imagejpeg-thumbnails ca2839257aebf6361bbe3dd71be059bc 11343
00001thm.jpg
THUMB2 9ad740c6a8e47c6a7b48325bcf7654ce 8456
00002thm.jpg
THUMB3 75fe58dbdbb6755a836de40bad1859f8 7109
00003thm.jpg
THUMB4 aaa9b0e74587066090bfc4d063bf5f4a 10393
00004thm.jpg
THUMB5 5422acead45b8c442a8094084c1fed5f 14187
00005thm.jpg
THUMB6 69024b3b35eb95346752dd63d6b67cf3 10756
00006thm.jpg
THUMB7 930a4a5f33a322b4f19bd458ea67673a 35329
00007thm.jpg
THUMB8 3fc8113bd2a956a02cbeffaeb76c9c31 15976
00008thm.jpg
THUMB9 764ba9a32e815c854dfa22ab3ab4f199 14150
00009thm.jpg
THUMB10 366c5327dea22bca6471fba9f1842d6b 13059
00010thm.jpg
THUMB11 c37976cc374d89fb4789e9aaceaf6701 14228
00011thm.jpg
THUMB12 1011fd4f922eb913aa22526f5c63522f 15736
00012thm.jpg
THUMB13 a971498af1a488356cf3dd99ae8112ce 16257
00013thm.jpg
THUMB14 2ef1a274b932b3043a8a3fb039b4d3b9 11782
00014thm.jpg
THUMB15 907ae34ec551f0a7e61849360aba9a93 13453
00015thm.jpg
THUMB16 89d1380b4ace30e7c64fe4ecac7b0687 15336
00016thm.jpg
THUMB17 ca223df538a3ce9ae39fc7313341b9b9 14502
00017thm.jpg
THUMB18 b79d9bbcbebfa088dcef207809c9958e 12191
00018thm.jpg
THUMB19 5ab832d1d20e62eee851d598b845ff1b 11613
00019thm.jpg
THUMB20 976e0b191ae341c9632757a1e33580ea 12956
00020thm.jpg
THUMB21 158c1942a22f4ced156af7885a31ebe1 11621
00021thm.jpg
THUMB22 f6f133c42bb333d2a98899ff598a0f42 14999
00022thm.jpg
THUMB23 9f8e443197c4e44d697c2fbc2ad5951e 4583
00023thm.jpg
THUMB24 2e7f252d684ef618f0ed806bf6bd2ab6 11492
00024thm.jpg
THUMB25 048522ef1c9b33ce74d3f713dd244af6 10108
00025thm.jpg
THUMB26 0bbded09b00d77eaa0d9a552895d57e4 11663
00026thm.jpg
THUMB27 d20b57097e3ab56a67f5ebb53704d156 9322
00027thm.jpg
THUMB28 5932bb4138d5a286040b879b1d8d9608 11511
00028thm.jpg
THUMB29 e3f0ad738761004ca1404db59d22f73a 11763
00029thm.jpg
THUMB30 6025ee5a33ee7faa3c2eee688688d059 14138
00030thm.jpg
THUMB31 51fca17ca3a520a8bf9ee855ff94d707 8268
00031thm.jpg
THUMB32 bf5efbb9d7f2e2a984c5f5a34913dbe3 13243
00032thm.jpg
THUMB33 c73516959b1f8b048ae93b0cbca8b442 8391
00033thm.jpg
THUMB34 01daa47c14b816bde8aa6ec7d09420a3 11335
00034thm.jpg
THUMB35 0b53b5ac9bc52039fc949bef7652a2c5 12794
00035thm.jpg
THUMB36 4704cd43af98287b47ebacd46c84309c 11452
00036thm.jpg
THUMB37 adfdd9662f39b8caad71b9405fa27667 11241
00037thm.jpg
THUMB38 4c5aee0cfcd8451b178c71091065f37b 12459
00038thm.jpg
THUMB39 90eb877b875244f12e6a4d3eb4dd2d50 12507
00039thm.jpg
THUMB40 c26b27e305a92e8d8a3745bdd60455b5 12210
00040thm.jpg
THUMB41 0fc246497fe3218ebea246d4411037d7 8576
00041thm.jpg
THUMB42 56a3a1ddd80e29ea0c64c98369b600c4 10875
00042thm.jpg
THUMB43 53d044b9614f586b2ca94b7a508451fe 10680
00043thm.jpg
THUMB44 aad7563a138be7b37dea4c4a42c48702 11876
00044thm.jpg
THUMB45 fe5882c8111486e5197aa2aad9d39c39 4331
00045thm.jpg
THUMB46 c77f4bfcf2178b4aa69281bb812aa4f3 12103
00046thm.jpg
THUMB47 df1d9db81100d36afff6d1b588642859 8707
00047thm.jpg
THUMB48 0b21f32739aeeb651016ec614387748c 8344
00048thm.jpg
THUMB49 06b139e76c59f237c2549f8750439714 4887
00049thm.jpg
THUMB50 ab9c4d874684fd5d600ff2b9ca196992 3800
00050thm.jpg
THUMB51 c7c86cadbae8ebdc1880819f76abbdc8 8197
00051thm.jpg
THUMB52 60099d1da1226b06ac265b53a0d3ed7a 8767
00052thm.jpg
PRO1 textx-pro c092bc37abbafd59d56cd4ba98d5ccea 3927
00001.pro
PRO2 4a21eab429067bdc725c9a7cb91940a1 16413
00002.pro
PRO3 5fc245e58d7dc378ff60b56f33221dc4 6160
00003.pro
PRO4 747f6f558490dc334f8f4ac64ce65ea7 54751
00004.pro
PRO5 2278b41fb08cf70bb8998cb44a1a9a37 69492
00005.pro
PRO6 2049da8618f8e760b9e4d4d8f1c821d2 29265
00006.pro
PRO7 ae39405a6b1bd985fa62d54861036cf7 62791
00007.pro
PRO8 72ab7f3426e8ee3af65af1cfc590af52 70392
00008.pro
PRO9 354a2b9bb42f0dc308f6b4fda8ecec7c 62876
00009.pro
PRO10 7919b304486de9544bc673133c6e077a 67687
00010.pro
PRO11 13e51b1ab112d969f17be115149f9b2b 66669
00011.pro
PRO12 645665c6f1cfc80c4863f88c283302fd 71985
00012.pro
PRO13 326929f6edac2fe608b6e4c6e4776ac6 72477
00013.pro
PRO14 b1ca58fa5222dce62ea697d8ba8b8d87 42732
00014.pro
PRO15 ad7baa63cfe1910ad84997a13b627783 61528
00015.pro
PRO16 55fc8bff2cc9964b21ecd521b3d9d57c 65746
00016.pro
PRO17 e24b1014d6e995b9ec172016b8e18c29 69316
00017.pro
PRO18 db2a560354b672f07b30e9152713ed93 45436
00018.pro
PRO19 8970abd64471773270f82d450c4de9aa 68660
00019.pro
PRO20 15d75ef411a4b70c88014340d0a6cb7b 88752
00020.pro
PRO21 a063471dba241e1a589fb8a5f5fb80ab 50167
00021.pro
PRO22 da45873f86f659bacd275406a48fff29 106482
00022.pro
PRO23 c4ca19c1f14a67b9e9881365516a997b 60168
00023.pro
PRO24 38a385cfe463b3dc3c8a92f26a9b1c80 53593
00024.pro
PRO25 4a1e6b131ddadd90181cc21df4575f61 36418
00025.pro
PRO26 866b0d64a6aee9ae1f9a5aed4a15478c 73529
00026.pro
PRO27 ea5a32cedbd7a9137130fe5a1ecba7b0 41567
00027.pro
PRO28 fba147b7c041cb7ed2543c08e9a82f72 63780
00028.pro
PRO29 e102ecd344d43f29807dc7cc5d999c4b 61218
00029.pro
PRO30 198967c59ac81237739513523100ee6a 86859
00030.pro
PRO31 c27bd18745f0d866b53788229312b64f 32356
00031.pro
PRO32 5b9bf4e093e1c418635f832416e9e2f0 68355
00032.pro
PRO33 045bae40e897e23b08f1ebb4fee1c78c 23916
00033.pro
PRO34 e4a72b358d00119d8554a2b8dbee1bd0 78482
00034.pro
PRO35 63f3cfbe94a8efce50cbfb0a0e61ab98 76158
00035.pro
PRO36 9c0209b226c0dc622e77de8a2d9978b7 53359
00036.pro
PRO37 8eb2c956c65ff8b405bbda32b858d22f 43735
00037.pro
PRO38 5ce2d9f3ed138932d7e72f8d50e41e9a 60039
00038.pro
PRO39 a268d093e85e170b1d4884dd820edcf4 69336
00039.pro
PRO40 279e0b9bcfed3328872dbad8dc17d038 38117
00040.pro
PRO41 b3fe88cb950fb01f89470e6e8406be63 17959
00041.pro
PRO42 c8baadb0a53ba08e7b2cf9196eee0961 72769
00042.pro
PRO43 4aef0cbe9bb56a6b9caf82a92bd0e658 73402
00043.pro
PRO44 91eaadcf2d88d0ea91e764b3930619e6 71090
00044.pro
PRO45 a04f8b9c948e4313272095407141fd44 18740
00045.pro
PRO46 20fdfb0076d17084385d78e31faccc05 93945
00046.pro
PRO47 512c04f31b4b5f4159a96417a838a368 53258
00047.pro
PRO48 1074ae0ff69b2e9a20323c9b802bbeea 27630
00048.pro
PRO49 bdad804aaf2e46c4a4826f46aa1f8403 222
00049.pro
PRO50 1b25c3c4a5eca2eb4fee1de79bd51f46
00050.pro
PRO51 aa733f9699d6c1e504b104733ca85f2d 11509
00051.pro
PRO52 0bf38cc7b4c2f0f1eeee1b08ea20611a 3548
00052.pro
TXT1 textplain d1ab3f79bfd60d662d5abeb803cb1ba6
00001.txt
TXT2 653172700b06690c744f7fd3ec9cfbd8 1048
00002.txt
TXT3 730f3cfe88f3ec372888bbac9c59a65f 266
00003.txt
TXT4 e00164b8a4cd78c2b6100bc626596f3c 2605
00004.txt
TXT5 05902e176cb696feab76ab7788302ba6 3089
00005.txt
TXT6 f219a1f235ea052bc1a51197750baac9 1227
00006.txt
TXT7 075975d6a6b779ac97b54b8440bbc7b9 2655
00007.txt
TXT8 4977448dc05a8692bff73efd0121e699 2928
00008.txt
TXT9 a6918e59aaebddeb794d14b72e8aa1c3 2659
00009.txt
TXT10 e84f19d10f5321ddddba45076fab31c9 2922
00010.txt
TXT11 b773927d4c93b3775f9cc38182e85a0b 2849
00011.txt
TXT12 5694c85fccf091283a8cb331685a135e 3061
00012.txt
TXT13 2681f4faf5d5336188a1d248cbcd61d2 2937
00013.txt
TXT14 69ed468d6df3d235bf42c9d9e64b0580 1854
00014.txt
TXT15 21a66549a5f1baa10972c155f1e475df 2864
00015.txt
TXT16 7e1b7a8a4e2bef86222a9c5c74323785 2862
00016.txt
TXT17 5648a7305a8dbe2e335395512fdb12ea 2944
00017.txt
TXT18 1f14579e81932ea6e9c6f0e253b1d8c0 1994
00018.txt
TXT19 7c8b2327b60f078d446f26fbe387b245 3126
00019.txt
TXT20 ea2fa292bd6e673e042f044f470ef846 4176
00020.txt
TXT21 4f67eae10c0f2d101ef53984f120efcc 2341
00021.txt
TXT22 9f05cc40f93242f337af9c2c0d060ad2 4658
00022.txt
TXT23 4e7275edfcb60ab1d6a36e7cc832180e 2826
00023.txt
TXT24 792a4508f7c590202abddc448fe8a5c9 2622
00024.txt
TXT25 044056aa6083c7008e2f9afdb0966ab2 1830
00025.txt
TXT26 b4d62a5d6bd96beb54ba4c79f19fd1c6 3371
00026.txt
TXT27 a331a6b476e5bfa97326b5505337efcd 2007
00027.txt
TXT28 3d16f9ab40f49e054bdcb6a647667529 2965
00028.txt
TXT29 50107c26ee4df2f4f7f0c54d4a90f9da 2990
00029.txt
TXT30 ffcb335316659594126750d63377c3b4 4070
00030.txt
TXT31 373154cc58f36fe4e426abb0b73eb242 1568
00031.txt
TXT32 b7079873aff71997f6f6d6e12e7b3a82 3293
00032.txt
TXT33 51639229bf8eb91ce61fe273ba5b5df2 1157
00033.txt
TXT34 b7bbe16521f36ff909de93472b5af7da 3721
00034.txt
TXT35 0512349be66408528d383d85432d8b9e 3640
00035.txt
TXT36 be9c44323c61325ba2ec98e38e810a55 2636
00036.txt
TXT37 cabfceff1eaa347fe6182704cac8aa8a 2267
00037.txt
TXT38 53fcdf97b4343f7459a0cd9e234c00ca 2940
00038.txt
TXT39 0d33e17989693250e35e974a9ea52372 3324
00039.txt
TXT40 a8418ee65b34983172f07adca72cf78d 1925
00040.txt
TXT41 3f630f1705c15bc2315e103e0efd7c22 885
00041.txt
TXT42 ea416e1eb2822c4c9aa6808cb83239b2 3333
00042.txt
TXT43 2deb944e46cca3dc1266020543df1888 3290
00043.txt
TXT44 7179bd6891e0e1a8f68c26cedb39bffe 3255
00044.txt
TXT45 ef064cbe2e89a9fd104e1782f857f19b 1146
00045.txt
TXT46 cdf9817aad505463b6695791f2fa4f8c 4055
00046.txt
TXT47 8d1c18a00e04394a16c4fbaa63f6c726 2426
00047.txt
TXT48 b986380100d3169d6e0959d0cf6b2f97 1239
00048.txt
TXT49 81051bcc2cf1bedf378224b0a93e2877
00049.txt
TXT50
00050.txt
TXT51 c8d677aa0a98708508d12eacc778a7f1 844
00051.txt
TXT52 8b373824be6f89dc4b2816d84b70eb31 153
00052.txt
METS1 unknownx-mets ab5aa0d876fd9113d9b13ef317d4f54b 57045
AA00048437_00013.mets
METS:structMap STRUCT1 physical
METS:div DMDID ADMID ORDER 0 main
PDIV1 Front Cover
PAGE1 Page i
METS:fptr FILEID
PAGE2 ii
PDIV2 Title
PAGE3
PDIV3 3 Table Contents
PAGE4
PAGE5
PDIV4 List directors and officers 4 Chapter
PAGE6
PDIV5 Letter transmittal 5
PAGE7
PDIV6 Operations under New York office 6
PAGE8
PAGE9 7
PDIV7 on Isthmus
PAGE10 8
PAGE11 9
PAGE12 10
PAGE13 11
PAGE14 12
PAGE15 13
PAGE16 14
PAGE17 15
PAGE18 16
PDIV8 financial statistical tables
PAGE19 17
PAGE20 18
PAGE21 19
PAGE22 20
PAGE23 21
PAGE24 22
PAGE25 23
PAGE26 24
PAGE27 25
PAGE28 26
PAGE29 27
PAGE30 28
PAGE31 29
PAGE32 30
PAGE33 31
PAGE34 32
PAGE35 33
PAGE36 34
PAGE37 35
PAGE38 36
PAGE39 37
PAGE40 38
PAGE41 39
PAGE42 40
PAGE43 41
PAGE44 42
PAGE45 43
PAGE46 44
PAGE47 45
PAGE48 46
PDIV9 Back Matter
PAGE49 47
PAGE50 48
PDIV10
PAGE51 49
PAGE52 50
STRUCT2 other
ODIV1 Main
FILES1


xml version 1.0 encoding UTF-8
REPORT xmlns http:www.fcla.edudlsmddaitss xmlns:xsi http:www.w3.org2001XMLSchema-instance xsi:schemaLocation http:www.fcla.edudlsmddaitssdaitssReport.xsd
INGEST IEID EXDLGKIV0_YRTN4E INGEST_TIME 2017-09-01T20:33:14Z PACKAGE AA00048437_00013
AGREEMENT_INFO ACCOUNT UF PROJECT UFDC
FILES