Reports of the Panama Canal Company and the Canal Zone GovernmentU.S. Government Printing Office, 1958 - Canal Zone |
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Common terms and phrases
areas ASIA Atlantic to Pacific Balboa British Bureau Canal net tonnage Canal Zone Government Cargo long tons COAST CENTRAL AMERICA/MEXICO COAST SOUTH AMERICA Coco Solo Colombia Commodity Shipments Company/Government construction cost Cristobal depreciation displacement tonnage Division Dredging EAST COAST UNITED employees Ended June 30 Europe facilities fiscal year 1959 fixed assets food products Fuel-diesel oil funds Gaillard Cut Gatun Lake Gorgas Hospital increase Iron and steel June 30 lockages Locks long tons Madden Lake maintenance ment Metals million miscellaneous non-U.S. citizen Number of transits ocean-going Oceania Office Pacific to Atlantic Panama Canal Company Panama Canal measurement Paper and paper paper products percent Petroleum and products plant Republic of Panama schools Shipments Over Principal ships steel manufactures Table Thousands of long tolls Total transportation treaty U.S. citizen U.S. Government U.S. Treasury unclassified unclassified_ WEST COAST CANADA WEST COAST CENTRAL WEST COAST SOUTH WEST INDIES Wood pulp
Popular passages
Page 45 - Our examination was made in accordance with generally accepted auditing standards and included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances.
Page 106 - President and four persons appointed by the President of the United States with the approval of the Senate. The Board...
Page 136 - Company, including the provisions of section 246 of title 2 of the Canal Zone Code, as added by section 2 of the act of June 29, 1948, 62 Stat.
Page 46 - The act of August 25, 1959 (73 Stat. 428) amended section 71 of title 2 of the Canal Zone Code to provide the Company with authority to borrow funds from the US Treasury not to exceed $10 million outstanding at any time at interest rates to be determined by the Secretary of the Treasury. The...
Page 123 - ... charges to individuals and other Government agencies using its services. All revenues thus received are remitted to the US Treasury as miscellaneous receipts. The excess of total accrued costs, including depreciation, over revenues (net cost of Canal Zone Government) is payable to the US Treasury by, and treated as an expense of, the Panama Canal Company in accordance with the requirements of section 62 of title 2 of the Canal Zone Code. All operating and capital funds expended by the Canal Zone...
Page 60 - Includes only commercial vessels of 300 net tons and over Panama Canal measurement. or of 500 displacement tons and over on vessels paying tolls on displacement basis (dredges, warships, etc.).
Page 46 - Code ( 1) to offset the cost of defense facilities and suspended construction projects— principally the partial construction of a third set of locks abandoned in the early part of World War II...
Page 47 - Government." a. Property, plant and equipment Property, plant and equipment are recorded at cost or, if acquired from another Government agency, at original cost to such agency. Administrative and other general expenses and the costs of funds used during construction are not capitalized. The cost of minor items of property, plant, and equipment is charged to expense. b. Depreciation Depreciation is provided using a straight-line method applied on a composite basis.
Page 66 - NOTE. — In Canal traffic statistics, foreign naval vessels such as transports, supply ships, tankers, etc., with a measurement of 300 net tons (Panama Canal measurement) and over, and vessels of war, dredges, etc., with a displacement of 500 tons and over, are classified as ocean-going commercial vessels.
Page 47 - ... reflect operations under the reorganized entity, the Panama Canal Commission. Major assumptions used in determining costs and recoveries for the Panama Canal Commission in 1980 were: 1. The Treaty will enter into force on October 1, 1979, the beginning of fiscal year 1980. 2. The Commission will not be required to pay interest to the US Treasury on the net direct investment of the United States in the Canal. 3. There is no longer a requirement to reimburse the US Treasury for the net cost of...