Annual Report of the Public Service Commission, And the ... Annual Report of the Board of Railroad Commissioners 1918/pt. 1

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June 30, 1911, . . . .
June 30, 1912 June 30, 1913 June 30, 1914 $168,067 00 163,442 61 170,698 22 172,769 43 June 30, 1915 June 30, 1916 December 31, 1916, .
December 31, 1917, .
$134,295 84 123,549 63 139,735 70 117,144 83 ^ Additional Revenue kequired.
The company submitted evidence indicating the need of addi- tional revenue amounting to $618,278. This evidence was based upon an estimate of results from operation in the calendar year 1917 and may be summarized as follows: — Estimated operat
...ing expense, $2,407,815 Estimated taxes, 153,000 Six per cent return on estimated investment of $8,573,567, . 514,400 Contingency allowance, 1 per cent of gross, .... 31,063 Gross receipts should be . ^ . .
Estimated gross receipts, Additional revenue required, $3,106,278 2,488,000 $618,278 Actual results from operation in 1917 are now available, and in the light of this knowledge the company's estimate may be analyzed to advantage.
(1) Operating expenses in 1917 were actually $2,365,879, instead of the estimated $2,407,815.


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