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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 & 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

CLASSIFICATION

OF

OPERATING REVENUES OF

EXPRESS COMPANIES

AS PRESCRIBED BY THE

INTERSTATE COMMERCE

COMMISSION

IN ACCORDANCE WITH

SECTION 20 OF THE ACT TO REGULATE

COMMERCE

FIRST ISSUE

At a General Session of the INTERSTATE COMMERCE COMMIS

SION, Held at its Office in Washington, D. C., on the ist Day of June, 1908.

[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 of Express Companies 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 authen. ticated 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 Express Companies 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 [5 trustee of any such carrier be required to keep all operating revenue accounts in conformity therewith; and that a copy of said 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

carrier for

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 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 Bscal year ending June 30, 1909, and previous years be not destroyed, any such carrier or any receiver or operating trustee of any such carrier may, during [6 the twelve months ending June 30, 1909, 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

any such

or

any

by any such carrier, or by any receiver or operating trustee thereof, for the purposes of such comparison; or, during the same period, may maintain such group. ings 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, 1908, be, and is hereby, fixed as the date on which said First Issue shall become effective.

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