CONTENTS. GENERAL ACCOUNTS. Account. I. Revenue from Transportation... II. Revenue from Operations other than Transportation. 6. Express Revenue 7. 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... 14. Storage-Freight 15. Storage-Baggage 16. Car Service 20. Joint Facilities Revenue-Dr. 21. Joint Facilities Revenue-Cr. *Numbers refer to folios in brackets on right-hand side of pages, which are inserted to preserve page numbers of original issue. SUPPLEMENT TO THE TEXT OF CLASSIFICATION OF OPER ATING REVENUES FOR STEAM ROADS. Note. When a lessee company transports freight over the tracks of another carrier, it should include the entire compensation in its revenues and statistics, charging the appropriate joint facilities, expense, and rental accounts with the amounts paid to the lessor company, and the lessor company should credit the same accounts. (For interpretation of this account see Cases 2, 4, 81, 83, 92, 94, 210, 212, 214, 215, 218, 219, 220, 265, 276, and 279, Accounting Bulletin No. 1.) 2. PASSENGER REVENUE. No change. (For interpretation of this account see Cases 4, 80, 84, 85, 215, 216, and 222, Accounting Bulletin No. 1.) 3. EXCESS BAGGAGE REVENUE. Add to third line, after the words "articles, dogs, etc.," the words "incident to transportation of passengers, so that the text will read, "also packages, articles, dogs, etc., incident to transportation of passengers, usually transported, etc." (For interpretation of this account see Case 88, Accounting Bulletin No. 1.) 4. PARLOR AND CHAIR CAR REVENUE. Eliminate the fourth and part of the fifth line of text, consisting of the words "the expenses of operating such cars are not separable from the expenses of operating trains," and substitute in place thereof the words "not inconsistent with the Introductory Letter to Classifications of Revenues and Expenses for Outside Operations." Eliminate the note. (For interpretation of this account see Cases 25 and 226, Accounting Bulletin No. 1.) [10 Eliminate from the seventh line of the text the word "should" and substitute in place thereof the word "may;" also add to the end of the sentence (eighth line of text) the words "when not inconsistent with the Introductory Letter to Classifications of Revenues and Expenses for Outside Operations;" so that the sentence will read: "When a railway company transacts an express business through its regular railway organization, the earnings therefrom may be credited to this account when not inconsistent with the Introductory Letter to Classifications of Revenues and Expenses for Outside Operations.'' (For interpretation of this account see Case 119, Accounting Bulletin No. 1.) 7. MILK REVENUE (ON PASSENGER TRAINS). No change. (For interpretation of this account see Case 83, Accounting Bulletin No. 1.) [SUPPLEMENT TO FIRST ISSUE.] 8. OTHER PASSENGER-TRAIN REVENUE. Add to the text at end of third line: 66 'Such as revenue from transportation in baggage cars of newspapers and other commodities not incident to the transportation of passengers, extra fares charged on limited trains, etc."' (For interpretation of this account see Cases 85, 86, 87, 88, 89, 90, 222, 227, and 261, Accounting Bulletin No. 1.) 9. SWITCHING REVENUE. Eliminate the text of this account and substitute the following: "This account includes amounts earned by a carrier for moving cars locally at a station or within a switching district, between connecting lines, between local industries, or between connecting lines and local industries, for which an arbitrary charge is made, whether on the basis of a switching tariff, an allowance out of a through rate, or otherwise. To it should be charged all overcharges on account of such switching." (For interpretation of this account see Cases 4, 91, 130, 131, 191, 206, 210, 259, and 260, Accounting Bulletin No. 1.) 10. SPECIAL SERVICE TRAIN REVENUE. No change. (For interpretation of this account see Cases 222, 223, and 224, Accounting Bulletin No. 1.) [11 11. MISCELLANEOUS TRANSPORTATION REVENUE. No change. (For interpretation of this account see Cases 92, 93, 94, and 225, Accounting Bulletin No. 1.) II. REVENUE FROM OPERATIONS OTHER THAN TRANSPORTATION. 12. STATION AND TRAIN PRIVILEGES. (For interpretation of this account see Case 231, Accounting Bulletin No. 1.) TELEGRAPH SERVICE. Change the title of this account to "Telegraph and Telephone Service," and modify the text to agree with the wording under that title below. 17. TELEGRAPH AND TELEPHONE SERVICE. This account includes a carrier's revenues from commercial telegraph or telephone business transacted by it when the expense of transacting such business can not be separated from the expense of conducting the railway telegraph or telephone service, amounts received from telegraph or telephone companies, whether proportion of earnings or otherwise, for the privilege of transacting a commercial telegraph or telephone business in offices along the carrier's lines, when the carrier furnishes some service of its employees whose wages are included in operating expenses. Note. When a telegraph or telephone company rents the telegraph or tele phone line of a carrier and pays all expenses incident to its maintenance and operation, the rent received should be treated as income. (For interpretation of this account see Cases 43 and 95, Accounting Bulletin No. 1.) [12 18. RENTS OF BUILDINGS AND OTHER PROPERTY. No change. (For interpretation of this account see Cases 96, 97, 139, and 293, Accounting Bulletin No. 1.) 19. MISCELLANEOUS. Add to last line of text: "Amounts received from carriers for use of facilities of union stations, union stock yards, terminal tracks, railroad bridges, railroad tunnels, and miscellaneous revenue not otherwise provided for." Correct last line of Note to read: "be credited to appropriate joint-facilities accounts."' (For interpretation of this account see Cases 26, 74, 98, 99, 139, 229, 230, 232, 233, and 252, Accounting Bulletin No. 1.) 20. JOINT FACILITIES REVENUE-DR. [A New Account.] This account includes the proportion of the revenues derived by a carrier from operation of joint tracks, yards, terminals, and other facilities, creditable to other companies. Note. The purpose of this account is to show the amount of revenue from operation of a terminal company or other carrier which, under the terms of existing contracts or agreements covering the joint use of tracks, yards, and other facilities, are credited to other carriers which participate in such joint use. The bill rendered by a creditor company against a debtor company for the latter's proportion of expenses of maintaining and operating joint facilities, which includes a credit covering the debtor company's proportion of the revenues derived from operation of such joint facilities, should indicate separately the proper distribution of both the revenues and the expenses included in the bill. 21. JOINT FACILITIES REVENUE-CR. [A New Account.] This account includes the carrier's proportion of revenues from operation of joint tracks, yards, terminals, and other facilities, receivable from other companies. Note. The purpose of this account is to show the amounts of revenue derived from operation of joint tracks, yards, terminals, and other facilities, operated by other companies, which, under existing contracts or agreements, is credited by the operating company to the tenant companies which participate therein. The bill rendered by any creditor company against a debtor company for the latter's proportion of the expense of maintenance and operation of joint facilities, which includes also a credit covering a proportion of the revenues to be paid over, should show the distribution of the credit for such proportion of the revenue separately from the distribution of the expenses of operation. [13 |