EXHIBIT No.  15

CORPORATE AND FEDERAL COMBINED HUDSON TERMINAL BUILDINGS OPERATING REVENUES, EXPENSES AND TAXES
FOR THE YEAR ENDED DECEMBER 31st, 1918, COMPARED WITH PREVIOUS YEAR UNDER CORPORATION  MANAGEMENT
 


 

191S
 

1917
 

Increase
 

DECREASE
 

Amount
 

Per cent.
 

Amount
 

Per cent.
 

OPERATING REVENUES:
 

$1,692,023.56
54,398.74
 

$1,685,289.68
58,048.82
 

$6,733.88
 

.40%
 

$3,650.08
 

6.29%
 


 


 

$1,746,422.30
5,352,51
 

$1,743,338.50
16,115.82
 

$3,083.80
 

.17%
 

$10,763.31
 

66.79%,
 

NET TOTAL OPERATING REVENUES               ....................
 

$1,741,069,79
 

$1,727,222.68
 

$13,847.11
 

.80%
 


 


 

OPERATING EXPENSES:
 

$94,988.45
424,777.52

99,888.76
 

$75,760.35
377,115.71

111,816.18
 

$19,228.10
47,661.81
 

25.38%
12.64%
 

$11,927.42
 

11.67%
 


 

General expenses:

R. R. Administration..........................................    $90,404.25
 


 


 


 

$619,654.73
36,864,00
 

$564,692.24
36,864.00
 

$54,962.49
 

9.73%
 


 


 

TOTAL OPERATING EXPENSES             ............................................
 

$656,518.73
 

$601,556.24
 

$54,962,49
 

9.14%
 


 


 

NET OPERATING REVENUE                   ..............................................
 

$1,084,551.06
289,371.80
 

$1,125,666.44
248,889.82
 

$40,481.98
 

16.26%
 

$41,115.38
 

3,65%,
 

TAXES                                                       ................................................
 

NET INCOME FROM HUDSON TERMINAL BUILDINGS

Ratio of operating expenses to net total operating revenues
 

$795,179.26
 

$876,776.62
 


 


 

$81,597.36
 

9.31%
 

37,71%
 

34.83%
 


 


 


 


 

'Includes in 1918 $9,484.51 of corporate expenses.