EXHIBIT No. 14

HUDSON TERMINAL BUILDINGS REVENUES, EXPENSES AND TAXES FOR
THE YEARS ENDED DECEMBER 31, 1912 AND 1911
 

1911
 

$ 65,224.91
269,947.91
66,187.37
 

$401,360.19
40,002.00
 

$1,541,163,38
 

32,490.31
 

$1,573,653.69
 

$1,556,656.05
 

441,362.19
 

$1,115,293.86
202,630.58
 

$912,663.28
 

operating revenues;

Gkoss Rentals......

Miscellaneous Revenues
 

Less Assumed Leases in other Buildings .
NET TOTAL OPERATING REVENUES

OPERATING EXPENSES!

Mainteuiince of Structures and Plant    .   .

Expenses of Operation     ........

General Expenses...........
 

Depreciation of Buildings and Plant .   .

TOTAL OPERATING EXPENSES
NET OPERATING REVENUE
TAXES

NET INCOME FROM HUDSON TERMINAL BUILDINGS
 

$ 82,862.90

300,996.83

88,580.75
 

472,440.48
10.000.50
 

$1,634,745.67
 

$1,669,047.03
 

$1,653,013.17
 

482,440.98
 

$1,170,572.19
224,202.55

$946,369.64
 

28.35%
 

Ratio of Operating Expenses to Net Total Operating Revenues.