22 T H E CU B A R E V I E W 



The decrease in net earnings is due in part to higher cost of conducting transportation 

 l)ut hirgely to increase in maintenance charges. These inchide $19,004 depreciation on rolling 

 stock, a charge not made previous to this year. 



The railroad and its equipment have been well maintained and are in good condition. All 



essential requirements of the traffic have been provided as needed. Considera])le development 



of its territory has taken place, including the erection of an 80,000 bag sugar mill at Ermita, 



about half way between Boqueron and San Luis, and a small cement plant. Arrangements 



have been made for acquiring under equipment lease two more large locomotives, 4o all steel 



l)ox cars of 80,000 pounds capacity and the same number of all steel cane cars of 60,000 pounds 



capacity. 



INCOME ACCOUNT 



I.— OPERATING INCOME: 



Jiailway Operating Revenues: 



Freight $313,257.67 



Passenger $133,474.37 



Excess Baggage 948.07 



Mail 5,737.80 



Express 10,057.05 150,217.29 



Special Train 145.66 



Station and Train Privileges 1,447.08 



Storage 26.90 



Demurrage 26.28 



Miscellaneous (Deficit) 23.52 



Total Revenue from Rail urn/ Operations $465,097.36 



Railway Operating Expenses: 



Maintenance of Way and Structures $74,188.39 



Maintenance of Equii)ment 91,379.93 



Conducting Transportation 138,278.85 



General Expenses 51,569.12 



Total Operating Expenses 355,416.29 



Percentage of Total Revenue, 76.42. 



Net Revenue from Railway Operations $109,681.07 



Taxes : 



Cuban $499.52 



American 562.87 1,062.39 



Railway Operating Ineonie $108,618.68 



Revenues from Miscellaneous Operations: 



Rents of Properties — Boqueron $5,179.16 



Profit on Material Sold 1,951.46 



Profit— Boqueron Terminal 16,510.96 23,641.58 



Total Operating Income $132,260.26 



II.— NON-OPERATING INCOME: 



Rent of Locomotives $1,610.00 



Miscellaneous Rent Income 2,737.99 4,347.99 



6V0.S.S Income $136,608.25 



III.— DEDUCTIONS FROM GROSS INCOME: 



Hire of Freight Cars— Debit balance $4,956.84 



Rent of Locomotives 2,126.13 



Interest on Funded Debt: 



1st Mortgage Bonds $36,000.00 



