Untitled Page 24

The five years prior show the following amounts carried
to the Profit and Loss including the dividends paid to the
stockholders which properly belonged to that find and were
taken from the earnings of those years.

1870. . . . . . . . . . . . . . . . . . . . . . . . $3043260.51

1880 including dividends paid. . . $4776790.85

1881 " " ". . . . . . . . . . . . . $7301537.37

1882 " " ". . . . . . . . . . . . . $6130322.17

1883 " " ". . . . . . . . . . . . . $5463919.33

Total. . . . . . . . . . . . . . . . . . . . . . . . $26715830.23
or an annual average of. . . . . . . . .$5245166.05

See exhibits 17 to 22 inclusive of Vol.7, United
States Pacific Report. These figures represent the increase
in the Profits and Loss account after all payments of operating
taxes interest and general expenses have been deducted.

According to the terms of the Lease of the Central
Pacific Railroad Company to the Southern Pacific Company
(see page 3446 of U.S. Pacific Report) the latter agrees
to pay the former in addition to all interest terms
betterment and expenses of operating and maintaining the
road of Lesser a minimum sums of One million two hundred
thousand dollars ($1200000) and also will discharge all
the annual obligations imposed upon said Central Pacific
Railroad Company by existing Acts of Congress and will
during the continuance of this agreement fully comply with
the terms of perform all the [autics?] prescribed in and discharge
all the obligations imposed upon said Central Pacific
Railroad Company by the Act of Congress commonly known as
the Thuran Act.