HUDSON  AND  MANHATTAN  RAILROAD  COMPANY

New York, April 12, 1911.
 

To the Stockholders and Bondholders of

Hudson and Manhattan Railroad Company:

The President   and   Board  of   Directors submit the following report of the oper¬
ations of the Company for the year ended March 31st, 1911.

Condensed Comparative Statement of Income
 


 

YEAR EnDRP

March 31, 1911
 

YBAR Ended
March 31, 1910
 


 

$4,165,492.27
1,850,440.15
 

$3,051,486.59
 

Operating Expenses and Taxes on Operated Properties   ....
 

1,464,222.66
 

Gross Income Applicable to Fixed Charges.........
 

42,315,052.12
 

$1,587,263.93
 

Interest on Total Interest-Bearing Bonds Outstanding    ....
 

$2,918,007.91
819,192.31
 

$2,464,811.38
1,076,981.49
 

Balance, being Interest on Capital Employed in Operation and
Other Charges....................
 

$2,098,815.60
258,126.80
 

$1,387,829.89
122,045.51
 


 

$2,356,942.40
 

$1,509,875.40
 

Net Income after Deduction of Fixed Charges Applicable againsi
that portion of the Property Employed in Present Opera¬
tions.    (Italics Deficit.)................
 

$41,890.28
 

$77,388.53
 

Depreciation included above in Operating Expenses and set up
 

$127,713.00
 

$194,599.64
 

Percentage of R. R. Operating Expenses vs. R. R. Revenue   .   .
Percentage of R. R. Operating Expenses, Exclusive of Depre-
 

40.45%
37.20%
 

47.80%
40.56%
 


 

6,592,271
 


 


 


 


 

40.88c.
16.53c.
 


 


 

19.20c.
 


 

24.35c.
 

20.97c.
 

Statements of  Accounts and Statistics of  the Company in detail will be found in the tables

hereto annexed.