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At a General Session of the INTERSTATE COMMERCE COMMISSION, Held at its Office in Washington, D .C., on the 3d Day of June, 1907.

[Figures in brackets on right-hand side of pages indicate folios of original issue.]

The subject of a Uniform System of Accounts to be prescribed for and kept by carriers being under consideration, the following order was entered:

It is ordered, That the Classification of Operating Revenues and the text pertaining thereto, prepared under the direction of this Commission by Henry C. Adams, in charge of Statistics and Accounts, and embodied in printed form to be hereafter known as First Issue, a copy of which is now before this Commission, be, and the same is hereby, approved; that a copy thereof duly authenticated by the Secretary of the Commission be filed in its archives, and a second copy thereof, in like manner authenticated, in the office of the Division of Statistics and Accounts; and that each of said copies so authenticated and filed shall be deemed an original record thereof.

It is further ordered, That the said Classification of Operating Revenues, with the text pertaining thereto, be, and is hereby, prescribed for the use of carriers [5 by rail (exclusive of electric railways) subject to the provisions of the act to regulate commerce as amended June 29, 1906, in the keeping and recording of their operating revenue accounts; that each and every such carrier and each and every receiver or operating trustee of any such carrier be required to keep all operating revenue accounts in conformity therewith; and that a copy of such First Issue be sent to each and every such carrier and to each and every receiver or operating trustee of any such carrier.

It is further ordered, That the rules contained in said First Issue of the Classification of Operating Revenues are, and by virtue of this order do become, the lawful rules according to which the said operating revenues are defined; and that each and every person directly in charge of the accounts of any such carrier or of any receiver or operating trustee of any such carrier is hereby required to see to, and under the law is responsible for, the correct application of the said rules in the keeping and recording of the operating revenue accounts of any such carrier; and that it shall be unlawful for any such carrier or for any receiver or operating trustee of any such carrier or for any person directly in charge of the accounts of any such carrier or of any receiver or operating trustee of any such carrier to keep any account or record or memorandum of any operating revenue item except in the manner and form in said First Issue set forth and hereby prescribed, and except as hereinafter authorized.

It is further ordered, That any such carrier or any receiver or operating trustee of any such carrier may subdivide any primary account in said First Issue established as may be required for the purposes of any such carrier or of any receiver or operating trustee of any such carrier; or may make assignment of the amount credited to any such primary account to operating divisions, to its individual lines, or to States: Provided, however, That a list of such subprimary accounts set up or such assignments made by any such carrier or by any receiver or operating [6 trustee of any such carrier be first filed in the office of the Division of Statistics and Accounts of this Commission subject to disapproval by the Commission.

It is further ordered, That in order that the basis of comparison between the fiscal year ending June 30, 1908, and previous years be not destroyed, any such carrier or any receiver or operating trustee of any such carrier may, during the twelve months ending June 30, 1908, keep and maintain, in addition to the operating revenue accounts hereby prescribed, such portion or portions of its present accounts with respect to operating revenue items as may be deemed desirable by any such carrier, or by any receiver or operating trustee

thereof, for the purposes of such comparison; or, during the same period, may main tain such groupings of the primary accounts hereby prescribed as may be desired for that purpose.

It is further ordered, That any such carrier or any receiver or operating trustee of any such carrier may, in addition to the operating revenue accounts hereby prescribed, keep any temporary or experimental accounts the purpose of which is to develop the efficiency of operations: Provided, however, That such temporary or experimental accounts shall not impair the integrity of any general or primary account hereby prescribed; and that any such temporary or experimental accounts shall be open to inspection by the Commission.

It is further ordered, That July 1, 1907, be, and is hereby, fixed as the date on which said First Issue shall become effective.

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INTRODUCTORY LETTER.

To Carriers:

Interstate Commerce Commission,
Division of Statistics and Accounts,
Washington, June 3, 1907.

This Classification of Operating Revenues, with the text pertaining thereto, is issued in accordance with an order of the Interstate Commerce Commission, a copy of which will be found immediately preceding this letter.

As indicating the purpose of this Classification, it will be observed that the primary accounts are so drawn as to show, first, the amount earned for the transportation of freight, upon which should be based the computation of revenue per ton per mile and of revenue per freight-train mile; second, the amount earned for the transportation of passengers, from which may be computed the revenue per passenger per mile; third, the amount earned from all transportation on passenger trains, from which may be computed the revenue per train mile; and, fourth, other revenue from transportation service, namely, switching revenue, special service train revenue, and miscellaneous transportation revenue. In addition to revenue from transportation, the Revenue Account includes eight additional primary accounts which cover revenue from services incident to transportation, the expenses incident to which are included in Operating Expenses.

The aggregate of the revenues covered by the nineteen (19) primary accounts listed in the Classification gives the "Total Operating Revenues" for the period under consideration, which amount being reduced by Operating Expenses" leaves "Net Operating Revenues." If from "Net Operating Revenues' taxes be [9 deducted, the remainder, called "Operating Income," will represent the amount with which the Income Account is properly begun. It should be especially noted that Taxes are not included in Operating Expenses, and should not be included when computing the ratio of Operating Expenses to Operating Revenues. The only charges in the nature of taxes included in the Operating Accounts are assessments for highways, sidewalks, sewers, and the like, which should be carried to the appropriate accounts in Operating Expenses, Betterments, or Construction, as the case may require.

This Classification was worked out with the coöperation of the accredited representatives of the Association of American Railway Accounting Officers, and, with a few minor exceptions, embodies their recommendations relative to the proper classification of Operating Revenues.

Henry C. Adams,

In charge of Statistics and Accounts. [10

CONTENTS.

GENERAL ACCOUNTS.

Account.

I. Revenue from Transportation

II. Revenue from Operations Other than Transportation..

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Milk Revenue (on Passenger Trains)

8. Other Passenger-Train Revenue

9. Switching Revenue

10. Special Service Train Revenue

11.

Miscellaneous Transportation Revenue

II. Revenue from Operations Other than Transportation

12.

Station and Train Privileges..

13. Parcel-Room Receipts

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14.

Storage-Freight

15. Storage-Baggage

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*Numbers refer to folios in brackets on right-hand side of pages, which are inserted to preserve page numbers of original issue.

TEXT OF CLASSIFICATION OF OPERATING REVENUES.

I. REVENUE FROM TRANSPORTATION.

1.

FREIGHT REVENUE.

This account includes amounts earned by a carrier for the transportation of freight.

To this account should be credited a carrier's proportion of receipts for freight transportation; also overcollections made in excess of proper rates, such overcollecTo this account should be charged overcharges tions to be held subject to claim. paid resulting from the use of erroneous rates, weights, or classification; amounts paid for switching charges absorbed; authorized allowances and localized freight arbitraries; also amounts paid for switching or to transfer companies for completing a haul or effecting store-door deliveries, when the cost of such service is included in the rate charged by the carrier; uncollected earnings on freight destroyed in transit and on short and lost freight; also uncollectible undercharges determined after delivery has been made.

2. PASSENGER REVENUE.

This account includes amounts earned by a carrier for the transportation of passengers.

To this account should be credited a carrier's proportion of receipts from the sale of tickets (including tickets for corpses) and the collection of cash fares; also overcollections made in excess of determined rates, such overcollections to be held subject to claim. The account should be charged with amounts paid for fares refunded; tickets redeemed; also amounts paid for transferring passengers and baggage between stations or depots, except in cases where the transfer of both passengers and baggage is provided in the division of the through rate.

Note A.-Cash fare penalty collections made by conductors and the proportion of amounts collected on sale of mileage tickets and mileage credentials subject to refund should not be credited to Passenger Revenue.

Note B.-Passenger Revenue should be credited with interchangeable mileage tickets only as the mileage therefrom is honored for transportation. Re- [12 ceipts from interchangeable mileage books when sold should be credited to an open account, which account should be charged and Passenger Revenue credited as the mileage is honored.

Note C.-When a lessee company transports passengers over the tracks of another carrier on the basis of a proportion of revenues, it should include the entire compensation in its revenues and statistics, charging the appropriate joint facilities expense and rental accounts with the amount paid the lessor company, and the lessor company should credit the same accounts.

3. EXCESS BAGGAGE REVENUE.

This account includes amounts earned by a carrier for the transportation of baggage in excess of free authorized allowances; also packages, articles, dogs, etc., usually transported in baggage cars, for which a charge is made. To this account should be charged all baggage refunds.

4. PARLOR AND CHAIR CAR REVENUE.

carrier in fares collected from This account includes amounts earned by a passengers for seats in parlor, observation, chair, and other special passenger cars operated by railway companies when the expenses of operating such cars are not

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