Annual Report - Panama Canal Company, Canal Zone Government 1958
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While under the jurisdiction of the Panama Canal Company, the use of this pier was restricted to vessels whose length did not exceed 125 feet. PANAMA CANAL COMPANY 33 Comparative combined cargo movements in tons of cargo steve- dored and financial results thereof are as follows: Fiscal year Im ' Tm ' Combined cargo movements between ships and piers. _ 940, 527 1, 050, 165 On the pier 892,560 999,440 Total (revenue tons) 1,833,087 2,049,605 Income $4, 191, 109 $4, 528, 316 Expenses $3, 823, 724 ...$3, 737, 436 Net income $367,385 $790,880 The marine bimkering operations which is the other prime function of the Terminals Division is concerned primarily with the pumping and inward handling of petroleum products from tankers to storage tanks, both Company and privately owned, and the outward handling of such products from storage tanks to vessels or to tank farm loading platforms for local consumption. The increase in receipts in view of an overall decrease in the work- load was in a large measure due to the discontinuation of the practice of loaning products among local od companies.
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