• TABLE OF CONTENTS
HIDE
 Front Cover
 Front Matter
 Table of Contents
 Introduction
 Review of Canal traffic
 The waterway
 Supporting operations
 Administration
 Financial report and statistical...
 Canal Zone government
 Back Matter
 Back Cover














Group Title: Annual report - Panama Canal Company, Canal Zone Government
Title: Annual report /
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Permanent Link: http://ufdc.ufl.edu/UF00097364/00001
 Material Information
Title: Annual report /
Physical Description: 24 v. : ill. ; 23 cm
Language: English
Creator: Panama Canal Company
Publisher: (multiple)
Panama Canal Company
For sale by the Supt. of Docs., U.S. G.P.O.
Place of Publication: Balboa Heights C.Z
Washington D.C
Publication Date: 1958
Frequency: annual
regular
 Subjects
Subject: Politics and government -- Perodicals -- Canal Zone   ( lcsh )
Genre: federal government publication   ( marcgt )
periodical   ( marcgt )
Spatial Coverage: Panama
 Notes
Dates or Sequential Designation: 5th (1956)-28th (1979)
Issuing Body: Also issued by Canal Zone Government
General Note: Cover title
General Note: Some years accompanied by supplements
Statement of Responsibility: Panama Canal Company, Canal Zone Government
 Record Information
Bibliographic ID: UF00097364
Volume ID: VID00001
Source Institution: University of Florida
Holding Location: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: oclc - 177519266
lccn - 53060088
issn - 0475-6126
 Related Items
Preceded by: Annual reports of the Panama Canal Company and the Canal Zone Government
Succeeded by: Annual report

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Table of Contents
    Front Cover
        Front Cover 1
        Front Cover 2
    Front Matter
        Front Matter 1
        Front Matter 2
    Table of Contents
        Table of Contents 1
        Table of Contents 2
        Table of Contents 3
        Table of Contents 4
        Table of Contents 5
        Table of Contents 6
    Introduction
        Page 1
        Page 2
        Page 3
        Page 4
        Page 5
        Page 6
    Review of Canal traffic
        Page 7
        Page 8
        Page 9
        Page 10
        Page 10a
        Page 10b
        Page 11
        Page 12
        Page 13
        Page 14
        Page 15
        Page 16
        Page 17
    The waterway
        Page 18
        Page 19
        Page 20
        Page 20a
        Page 20b
        Page 21
        Page 22
        Page 22a
        Page 22b
        Page 23
        Page 24
    Supporting operations
        Page 25
        Page 26
        Page 27
        Page 28
        Page 29
        Page 30
        Page 31
        Page 32
        Page 33
        Page 34
        Page 35
        Page 36
    Administration
        Page 37
        Page 38
        Page 38a
        Page 38b
        Page 39
        Page 40
        Page 41
        Page 42
        Page 42a
        Page 42b
        Page 43
    Financial report and statistical data
        Page 44
        Page 45
        Page 46
        Page 47
        Page 48
        Page 49
        Page 50
        Page 51
        Page 52
        Page 53
        Page 54
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        Page 56
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        Page 58
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        Page 107
        Page 108
        Page 109
        Page 110
        Page 111
        Page 112
        Page 113
        Page 114
    Canal Zone government
        Page 115
        Page 116
        Page 117
        Page 118
        Page 119
        Page 120
        Page 121
        Page 122
        Page 123
        Page 124
        Page 125
        Page 126
        Page 127
        Page 128
        Page 129
        Page 130
        Page 131
        Page 132
        Page 133
        Page 134
        Page 135
        Page 136
        Page 137
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        Page 139
        Page 140
        Page 141
        Page 142
        Page 143
        Page 144
        Page 144a
        Page 144b
        Page 145
        Page 146
    Back Matter
        Page 147
        Page 148
    Back Cover
        Page 149
        Page 150
Full Text








PANAMA CANAL


COMPANY


CANAL ZONE GOVERNMENT


ANNUAL REPORT


a


FISCAL YEAR ENDED JUNE 30, 1958


11^























Digitized by the Internet Archive
in 2009 with funding from
University of Florida, George A. Smathers Libraries


http:..www.archive.org/details/annualreportpana1958pana










PANAMA CANAL COMPANY
Balboa Heights, Canal Zone
OFFICE OF THE PRESIDENT
January 5, 1959.
TO THE STOCKHOLDER OF THE PANAMA CANAL COMPANY:
The \year ju'it ended broke all records for number of ships
transition the Panama Canal and tolls collections. A total
o(l 9,466 oceanigo)ing vessels were transported from ocean to
ocean. These ships sailed under the flags of some 36 different
nations of the world.
This record level of traffic was handled with a minimum
of delays to our customers. This accomplishment is es-
pecially significant in view of the fact that the periodic
overhaul of the Pacific locks was performed during this
period.
Work was started on the canal improvements which were
developed and approved in connection with the Short Range
Panama Canal Improvements Study of 1957. These im-
provements are designed to increase the capacity of the
canal to handle the anticipated volume of traffic for the
next decade.
The Board of Directors, through a committee consisting
of three members, continues the studies of longer range
canal requirements. Several elements of these studies,
notably the future traffic projections, have been completed.
Down through the years the Panama Canal has kept
pace with world shipping requirements. It is the intention
of your Board of Directors to keep well ahead of future
demands on the canal by timely recommendations for
needed improvements.
By order of the Board of Directors.



W. E. POTTER,
President.














PANAMA CANAL COMPANY

INTRODUCTION

THE CANAL-A BRIEF DESCRIPTION . . . . .
ORGANIZATION . . . . . . . . . .
TOLLS RATES . . . . . . . . . .
BOARD OF DIRECTORS AND GENERAL OFFICERS . . .
COMPARATIVE TABULATION OF HIGHLIGHTS OF OPERA-
TION ... . . . . . ...
SUMMARY-PANAMA CANAL COMPANY OPERATIONS.
Canal traffic . . . . . . . . .
Financial results . . . . . . . .

CHAPTER I-REVIEW OF CANAL TRAFFIC


OCEANGOING TRAFFIC . . . .
OTHER TRAFFIC . . . . .
COMMERCIAL TRAFFIC HIGHLIGHTS .
PRINCIPAL TRADE ROUTES . .
NATIONALITY OF VESSELS . . .
CARGO STATISTICS . . . .
TRANSIT AVERAGES . . . .
DATA IN STATISTICAL CHAPTER .

CHAPTER Il-THE WATERWAY
TRANSITING OF SHIPS . . . .
LOCKS OPERATION . . ...
WATER SUPPLY . . . . .
MAINTENANCE OF CANAL CHANNEL


REPLACEMENT OF LOCKS TOWING LOCOMOTIVES .
CANAL IMPROVEMENT PROGRAM . . . .
MARINE TRAFFIC CONTROL . . . . .
CLOSING OF GAS MANUFACTURING FACILITY .
FERRY SERVICE . . . . . . . .

CHAPTER Ill-SUPPORTING OPERATIONS

EMPLOYEE SERVICES . . . . . . .
Supply and Community Service Bureau . .
Supply Division . . . . . .
Procurement Division . . . . .
Community Services Division . . .


Page
1
1
2
3


S 18
20
21
22





CONTENTS


CHAPTER Ill-SUPPORTING OPERATIONS-Continued
Page
TRANSPORTATION AND UTILITY SERVICES . . .. 28
Railroad operations . . . . . . . 28
Motor transportation . . . . . . . 29
Steamship operations . . . . . . . 29
Electrical power system . . . . . . 30
'Communications system . . . . . . 30
W ater system . . . . . . . 31
Printing plant . . . . . ... .. 31
Vessel repairs . . . . . . . ... 32
Harbor terminals operation . . . . . 32
PRINCIPAL ENGINEERING AND CONSTRUCTION PROJECTS 33
Bridge, Balboa, C.Z. . . . . . . .. 33
Sixty cycle power conversion program . . . 34
Phase I of increased dependable capacity of the
locks . . . . . . . . . . 34
Miscellaneous and other projects . . . . 35
Operations, and capital construction by contract . 35
CHAPTER IV-ADMINISTRATION
MAJOR ORGANIZATIONAL CHANGES . . . . . 37
MAJOR PERSONNEL CHANGES . . . . . . 37
FORCE EMPLOYED AND RATES OF PAY . . . . 38
EMPLOYEES PAID AT U.S. RATES . . . . . 39
Turnover in force ... . . . . 39
Recruiting . . . . . . . . . 39
W ages . . . . . . . . . . 39
EMPLOYEES PAID AT CANAL ZONE WAGE RATES . 40
W ages . . . . . . . . . .. 40
Cash relief for disabled employees . . . .. 40
Repatriations . . . . . . . . 40
Separations . . . . . . . . . 40
INCENTIVE AWARDS . . . . . . . . 41
SAFETY PROGRAM . . . . . . . . 41
LEGISLATION . . . . . . . . . . 43

CHAPTER V-FINANCIAL REPORT AND STATISTICAL DATA
FINANCIAL STATEMENTS AND RELATED SUPPLEMENTARY
REPORTS
NARRATIVE STATEMENT . . . . . . . . 44
Source and application of funds . . . . . 44-
Financial operating results . . . . . . . 45
Net direct investment of the U.S. Government . . 45
Retained revenue . . . . . . . . . 45





CONTENTS


CHAPTER V-FINANCIAL REPORT AND STATISTICAL DATA-
Continued
Financial Tables
Page
TABLE. 1.-Statement of financial condition . . .. 46
Notes pertaining to financial statements 48
T.ABLE 2.-Statement of equity of U.S. Government . 50
TABLL :3.-Statement of revenue and expenses . . . 51
T.ANBL 4.-Statement of revenue and operating expenses,
Cainal operation . . . . . 52
TIABLE -..-Statement of revenue and operating expenses,
Supporting services . . . . . . 53
T.\BLE 6.-Administrative and other general expenses . 54
T. B LL 7.-Inventories . . . . . . . .. 55
TABLE 8.-Changes in fixed assets and related allowances for
depreciation and economic valuation . . 56
TABLE 9.-Comparative statement of financial condition . 62
TABLE 10.-Comparative statement of revenue and expenses. 63
TABLE 11.-Statement of changes in equity of the U.S. Govern-
m ent . . . . . . . . 63
Shipping Statistics
TABLE 12.-Ocean traffic through Panama Canal, fiscal years
1948-58 . . . . . . . . 64
TABLE 13.-Traffic by months, fiscal years 1957 and 1958 . 65
TABLE 14.-Canal traffic by nationality of vessels . . 66
TABLE 15.-Classification of canal traffic by type of vessel. 67
TABLE 16.-Laden and ballast traffic by nationality of vessel. 69
TABLE 17.-Frequency of transits of vessels through Panama
Canal. ...... ... ........ 70'
TABLE 18.-Segregation of transits by registered gross ton-
nage . . . . . . . . . 72
TABLE 19.-Principal commodities shipped through canal. 73
TABLE 20.-Origin and destination of cargo through the Pana-
ma Canal from Atlantic to Pacific segregated
by countries in principal trade areas . . 75
TABLE 21.-Origin and destination of cargo through the Pana-
ma Canal from Pacific to Atlantic segregated by
countries in principal trade areas . . . 78
TABLE 22.-Cargo shipments by trade routes-Atlantic to
Pacific . . . . . . . . . 81
TABLE 23.-Cargo shipments by trade routes-Pacific to At-
lantic . . . . . . . . 84
TABLE 24.-Important commodity shipments over principal
trade routes-Atlantic to Pacific . . .. 88
TABLE 25.-Important commodity shipments over principal
trade routes-Pacific to Atlantic . . . 98
TABLE 26.-Small vessels transiting canal . . . . 109






CONTENTS



CHAPTER V-FINANCIAL REPORT AND STATISTICAL DATA-
Continued
Other Statistics
Page
TABLE 27.-Water supply and expenditures . . . . 110
TABLE 28.-Dredging operations . . . . . . 110
TABLE 29.-Electric power generated . . . . . 111
TABLE 30.-Number of full-time employees paid at U.S. rates 111
TABLE 31.-Number of full-time employees paid at Canal
Zone wage rates. . . . . . .. 113





CONTENTS


CANAL ZONE GOVERNMENT


Letter of Transmittal . . . .
Introduction . . . . . .
Canal Zone Government . .
Organizational changes . . .
Major personnel changes . .
CHAPTER I-PUBLIC HEALTH
Sanitation . . . . . .
Preventive medicine . . .
School health . . . . .
Quarantine . . . . .
Veterinary activities . . .
Hospitals and clinics . . .
CHAPTER II-PUBLIC EDUCATION
General description . . . .
Enrollments ..........
Special education . . . .
Plant . . . . . . .
Library-Museum . . . .
CHAPTER Ill-PUBLIC ORDER AND P
Police activities . . . .
Court activities . . . .
Pardon board . . . . .
Fire protection . . . . .
Civil defense . . . . .


Page
. . . . . 115
. . . . . 117
. . . . . 117
. . . . . 117
. . . . . 117


. . . . . 119
. . . . . 120
. . . . . 120
. . . . . 121
. . . . . 121
. . . . . 122


PROTECTION


CHAPTER IV-POSTS, CUSTOMS, AND IMMIGRATION
Postal system . . . . . . . . . .
Customs, immigration, and shipping commissioner serv-
ices . . . . . . . . . . . .
V isas . . . . .. . . . . . .
CHAPTER V-LICENSES, INSURANCE, AND ESTATES
L licenses . . . . . . . . . . . .
Insurance . . . . . .. . . ...... .
Administration of estates . . . . . . .
Foreign corporations . . . . . . . .
CHAPTER VI-MUNICIPAL IMPROVEMENTS
Roads, streets, and sidewalks . . . . . .
Maintenance of quarters, hospitals, and public buildings .
Sewer system . . . . . . . . . .


131

132,
132


133
133
134
134


135
135
135





CONTENTS


CHAPTER VII-FINANCIAL REPORT AND STATISTICAL DATA
Financial Statements and Related Supplementary Reports
Page
NARRATIVE STATEMENT . . . . . . . . 136
Invested capital . . . . . . . . . 136
Capital additions . . . . . . . . . 137
Financial results . . . . . . . . . 137
TABLE 1.-Statement of financial condition . . . . 138
TABLE 2.-Statement of changes in equity of U.S. Govern-
m ent . . . . . . . . . 1411
TABLE 3.-Statement of operations . . . . . .. 141
TABLE 4.-Changes in fixed assets and related allowances for
depreciation and economic valuation . . 142
STATISTICAL DATA . .. . . . . . . 144
Personnel data . . . . . . . . . 144
Area of the Canal Zone .............. 145

Illustrations
Chart-Panama Canal tolls . . . . . . . 5.
Chart-Oceangoing transits . . . . . . . 8
Photograph-SS Santa Mercedes making 200,000th commercial
transit of canal . . . .. faces page 10
Chart-Traffic moving over principal trade routes . .. 13
Chart-Nationality of transiting vessels . . . . 15-
Photograph-The Vanda, of Honduran Registry, completed
50 transits during fiscal year 1958 . . ... faces page 11
Photograph-Tanker SS Gulfking in transit at Pedro Miguel
Locks . . . . . . . . . faces page 20(
Photograph-Repairing Culvert Failure in East Chamber,
Pedro Miguel Locks . . . . . . . faces page 21
Photograph-Suction dredge Mandinga placed in operation
November 1957 . . . . . . ... faces page 22
Photograph-Architectural rendering of bridge to span canal
channel at Pacific entrance . . . . faces page 23
Chart-Panama Canal Company organization . . faces page 38
Photograph-Hon. George H. Roderick presenting "Award of
Honor" to Governor Potter . . . ... faces page 42
Chart-Canal Zone Government organization. . ficees pege 144










THE CANAL
Thlie Piianrn.i Cnal i a In:.k-type canal that connects the Atlanti-:
anil the Puaihri- c :'r-eanS through the Isthmus of Panama, tiravert;ing a
distairnce of appixtilnately 51 miles from deep water to deep water.
In the il'edged channel, the canal has a minimum width of 300 feet and
a minimum depth of 42 feet. The greatest part of the canal channel
is at the level o'f (Gatun Lake, the surface of which is normally 85 feet
above sea level. In transiting the canal a ship is raised in three steps
frormi sea level to the level of Gatun Lake, and subsequently lowered
in three steps to sea level at the other side of the isthmus. The six
steps or flights of locks are in duplicate, to enable simultaneou- loi:k-
alge of two ships transiting in the same direction or of ships paszitig in
opposite directions.
The past fiscal year marked the completion of 44 years of successful
operation of the canal. The canal was opened on August 15, 1914,
and has served world commerce without major interruption since
fiscal year 1916, when the last canal-closing slide occurred in Gaillard
Cut at the Continental Divide. A total of 274,529 vessels of all types
have made the canal transit, of which 206,734 were oceangoing com-
mercial vessels plying the various channels of world trade. The
service provided by the canal has, moreover, been of incalculable value
to the United States and her allies in time of war.
ORGANIZATION
The Panama Canal Company Act, which created the Panama Canal
Company and defined its basic purposes, organization, rights, powers,
and obligations, constitutes article 3 of chapter 12 of Title 2, Canal
Zone Code, consists of sections 245 to 258 of Title 2, Canal Zone Code,
and was enacted by the act of June 29, 1948 (62 Stat. 1076), as
amended by the act of September 26, 1950 (64 Stat. 1041). This act
became effective on July 1, 1951, pursuant to the provisions of Execu-
tive Order 10263 of June 29, 1951. In its capacity as owner of the
Comnparny, the U.S. Government is represented by the Secretary of
the Arm), referred to as "Stockholder," in his individual capacity as
the personal representative of the President of the United States for
such purpose. The Company operates under the management of a
Board of Directors appointed by the Stockholder. The Company is
charged with the maintenance and operation of the Panama Canal
and tlhei condu.t of the business-type operations incident to such
rmiaintii.nane amid incident. to the civil government of the Canal Zone.
The Company and the Canal Zone Government, the independent
agency of the United States charged with the civil government of the
Canal Zone, are closely interrelated in mission, organization, and oper-
ations. The combined function of these agencies is the administra-
tion of the Panama Canal enterprise as a whole. The Governor of the
Canal Zone, who is charged with the administration of the Canal Zone





INTRODUCTION


Government, under the supervision of the Secretary of the Army, is
ex officio a director and President of the Company.
The Panama Canal Company is expected (a) to recover all costs of
operation and maintenance of its facilities, including depreciation; (b)
to pay interest to the Treasury on the net direct investment of the
Government in the Company; and (c)-to reimburse the Treasury for
(1) the annuity payments to the Republic of Panama under the con-
vention of 1903 as modified by the treaty of 1936 between the two
governments, and (2) the net costs of operation of the Canal Zone
Government, including depreciation on fixed assets. The interest
rate for the fiscal year 1958, as set by the Secretary of the Treasury,
was 2.482 percent. The Board of Directors is required to appraise,
at least annually, the Company's working capital requirements, to-
gether with reasonable foreseeable requirements for authorized plant
replacement and expansion, and to pay into the Treasury as a repay-
ment of capital the amount of any funds in excess of such requirements.
All funds other than working balances are carried with the U.S.
Treasury.
The activities of the Company are classified under two major head-
ings, namely: (a) the canal and (b) supporting operations. Category
(a) embraces those functions directly related to the waterway and
the transiting of ships and to services to shipping, including mainte-
nance of the canal channel, maintenance and operation of the locks,
meteorology and hydrographic services, and a ferry service across the
canal at Balboa. The supporting operations include vessel repairs,
and harbor terminal operations, a railroad across the isthmus, a steam-
ship line operating between New York and the Canal Zone, motor
transportation facilities, storehouses, an electric power system, a com-
munications system, and service activities that are essential to em-
ployees' needs including the operation of quarters, retail stores, and
service centers.
TOLLS RATES
The rates of canal tolls remained unchanged during the year. These
rates are as follows:
(a) On merchant vessels, Army and Navy transports, tankers, hos-
pital ships, supply ships, and yachts, when carrying passengers or
cargo: 90 cents per net vessel-ton of 100 cubic feet of actual earning
capacity-that is, the net tonnage determined in accordance with the
Rules for the Measurement of Vessels for the Panama Canal;
(b) On such vessels in ballast, without passengers or cargo: 72 r(.ntts
per net vessel-ton;
(c) On other floating craft: 50 cents per ton of displacement.
Tolls charges for the canal remain substantially at the level estab-
lished in 1912 in anticipation of the completion of the construction of
the canal.





PANAMA CANAL COMPANY 3

BOARD OF DIRECTORS AND GENERAL OFFICERS OF THE PANAMA
CANAL COMPANY AS OF JUNE 30, 1958
Board of Directors
lIon. VWILBER M. BRUCKER, Secretary of the Army, Stockholder


Hon. George H. Roderick, As-
stantu i S..cretary of the Army,
Chalirianu of the Board.
John H. Blaffer.
Robert P. Burroughs.
Ralph H. Cake.
Maj. Gen. Glen E. Edgerton,
USA (Ret.).
John W. Martyn


Howard C. Petersen.
Maj. Gen. William E. Potter,
USA.
Charles S. Reed.
Ogden R. Reid.
Maj. Gen. Julian L. Schley,
USA (Ret.).
Ralph A. Tudor.


General Officers
GEORGE H. RODERICK, Chairman of the Board.
Maj. Gen. WILLIAM E. POTTER, USA, President.
Col. HUGH M. ARNOLD, USA, Vice President.
PHILIP L. STEERS, Jr., Comptroller.
WILLIAM M. WHITMAN, Secretary.

COMPARATIVE TABULATIONS OF HIGHLIGHTS OF OPERATIONS


Net income ------------------------ -------
Number of oceangoing transits:
Commercial ------------------------------
U.S. Government---------------------------
Total------------------------------------
Tolls earnings (including small vessels):
Commercial--------------------------------
U.S. Government-----------------------...----
Total----------------------------------
Total cargo transiting (long tons)----------------
Lockages:
Gatun. ---------------------------------
Pedro Miguel------------------------------
Miraflores -----------------------------
Terminals operations (tons of cargo handled, trans-
ferred, and stevedored at piers) -----------------
Oil handling (number of barrels pumped) ----------
Maintenance of channel (cubic yards dredged) ......
Number of full-time company employees (as of
June 30):
U.S. rate---------------------------------
Canal Zone rate----------------------------
Total Company employees .--------------


Fiscal year
1958 1957
$2,826, 381 $3, 821,456


9, 187
279
9, 466

41, 843, 525
990, 481
42, 834, 006
48, 934, 829
8, 548
8, 815
8, 655
1, 833, 087
16, 410, 902
5, 156, 700


2, 755
8, 391
11, 146


8, 579
269
8, 848

38, 513, 404
1, 140, 116
39, 653, 520
50, 649, 835
8, 053
8, 260
8,244
2, 049, 605
16, 948, 273
5, 010, 600


2, 697
8, 154
10, 851





4 INTRODUCTION
SUMMARY
Panama Canal Company Operations
Canal traffic.-Commercial transits and tolls reached an alltime
high record in 1958. For the seventh consecutive year tolls paid on
such vessels exceeded previous records. Total oceangoing transits in
fiscal year 1958 advanced to 9,466, and tolls revenues from oceangoing
ships to $42,768,015, gains of 7 percent and 8 percent, respectively,
over the previous year.
This record level of traffic was handled with a minimum of delay to
shipping customers. The accomplishment is especially noteworthy
in view of the fact that the periodic overhaul of the Pacific Locks,
comprising two out of the three sets of locks, was performed during
the fiscal year period.
Cargo moving through the canal totaled 48,916,119 long tons, the
second highest tonnage in the history of the canal, and only 3 percent
below the alltime high established in 1957.
Commercial traffic comprised 94 percent of the combined com-
mercial/Government total in 1958. Oceangoing commercial transits
of 9,187 exceeded by 7 percent the record of 8,579 established in 1957;
commercial tolls collected amounted to $41,795,905, a gain of 8.7
percent, while commercial cargo totaled 48,124,809 long tons, 3 per-
cent under the previous year.
Of the total cargo transiting in commercial bottoms during the
year, 23,580,878 long tons moved from the Atlantic to the Pacific,
a decrease of 7 percent under the tonnage moving in that direction in
1957. The Pacific-to-Atlantic volume totaled 25,354,239 long tons,
a gain of about 5 percent over 1957.
The grand total of transits for the year by all classes and sizes
of tolls-paying vessels was 10,553.
During the month of March 1957, oceangoing traffic through the
canal established a record high total of 840 transits, the highest month
in the history of the canal. In October 1957, the second highest
total, 836 transits, were recorded. Further records established in
fiscal year 1958 included total tolls revenues of $42,834,006, while
cargo movements totaling 48,934,829 long tons were the second
highest in the canal's history.
One of the significant features contributing to the increase of
commercial traffic during the year was the abnormal rise in the number
of vessels transiting in ballast. An appreciable increase was noted as
early as the close of the first quarter, in the number of tankers, (arg'
vessels, and ore carriers transiting without cargo. The increase in
ballast tonnage of tankers is due principally to the heavy movements
of Venezuelan and West Indies mineral oils through the canal to the
Pacific, with tankers returning empty. The newly built bulk carriers
of large capacity have stimulated movements of oil and ores, and
usually go one direction in ballast. Most of the ballast tonnage is
normally attributable to general cargo vessels and consists of fruit
ships returning empty to the banana ports of Central and South
America; however, an increasing number of dry-cargo vessels moved
through the canal with empty holds during the past year. This
situation is indicative of reduced cargo movements, low charter
rates, or a combination of both of these factors.








U S GOVERNMENT
E COMMERCIAL


z
PANAMA CANAL TOLLS
FISCAL YEARS 1948-1958
MILLIONS p
.... a,
:''B 40 s

.E.'. ..... FF' .SB Tl'::: z
il .s.l ^ .:. ,:;:... ,,


1948 1949 1950
.uC E # E.uTI. P* ~ idr' r4






6 INTRODUCTION
Financial review
It is again a pleasure to report that the Panama Canal Company has
finished another year without cost to the American taxpayer, thus
completing 7 successive years of operation without loss since its re-
organization on July 1, 1951.
As to dollar volume of traffic, fiscal year 1958 was the best in the
history of the Panama Canal. Gross tolls amounted to a record $42.8
million.
Revenues exceeded expenses by $2.7 million for the year, after
provision for (1) payments to the U.S. Government of $20 million
covering interest, net cost of the Canal Zone Government, and
annuity payments to the Republic of Panama; and (2) retroactive
costs of approximately $1 million for various wage increases granted
toward the close of the year or during the first quarter of fiscal year
1959. Expenses do not reflect depreciation charges against certain
assets (historically classified as nondepreciable), such as the excava-
tion of the canal channel and other similar items valued at $282.1
million.
We are pleased to report that the Company's financial statements
for fiscal year 1957 have been certified by the Comptroller General of
the United States. This certification was made possible as a result of
approval by the Director of the Bureau of the Budget of the valuation
of certain assets included in the U.S. Government's net direct invest-
ment in the Company, final disposition of a major lawsuit involving
toll rates, and the satisfactory results of an independent audit made
by the General Accounting Office.
Financial statements and comments appear in chapters 5 and 7,
respectively.










It EIEW OF CANAL TRAFFIC

OCEANGOING TRAFFIC 1

Another significant story in Panama Canal traffic records became
apparent as early as March 195S. At the close of the fiscal year
the number of oceangoing transits, the net tonnage of vessels, and
the receipts for tolls from vessels transiting the canal exceeded those
in any preceding year in the history of the canal operations. This
marked the seventh consecutive year that new records have been
established for commercial traffic using the waterway.
The number of commercial ships transiting the canal averaged 25.2
per day, and for the first time such transits exceeded the 9,000 mark
for a single year, recording a total of 9,187 transits for this fiscal
period. A grand total of 9,466 oceangoing vessels made the passage
during the year; of these, 9,187 were of strictly commercial types,
and the other 279 were U.S. Government owned or controlled vessels.
Flags of 36 nations were flown over the commercial ships transiting,
for which the Panama Canal Company received $41,795,905 in tolls
for services rendered; in addition, $972,109 was received in tolls
credits from the U.S Government vessels. The $42,834,000 paid
and credited in tolls during the year marked the first time in the
history of the waterway that such income has exceeded the $40
million total. This is an increase of 8 percent above the previous
year's figures. U.S. owned or controlled vessels that transited during
the year were at their lowest level since 1940. This was the first
year since 1940 that income from this classification of ships fell below
$1 million.
Commercial cargo tonnage passing through the canal failed by
1,577,391 long tons of equaling the record established during the
previous year. However, the 48,125,000 long tons of commercial
cargo transiting did establish the second highest tonnage in -the
history of the canal. The Pacific-to-Atlantic flow of cargo regained
its first-place position and established a new record with 25,281,508
long tons of cargo. On the other hand, the Atlantic-to-Pacific
movements of cargo were 10 percent below the volume that moved
in this direction during the previous year. This decline is attributed
to a sharp reduction in shipments to Japan which were down by some
2,240,000 long tons from the previous fiscal year. Scrap metal ship-
ments to Japan were 965,000 long tons lower than in the previous
year, accounting for a large part of this decline.
The declining movement of cargo to Japan contributed significantly
to the fact that the volume of U.S. exports that passed through the
waterway was some 2,777,000 long tons short of the volume which
transited the canal during the previous 12-month period. Some
17,867,000 long tons of cargo transiting the canal this fiscal year
originated in the United S'iit1-s, and import tonnage to the United
1 Vessels of 300 tons and ov. r 1 ta n i rnal measurement) for vessels rated on net tonnage, or of 500
tons, displacement and over : -- .. i. ri- -I on displacement tonnage (naval vessels, dredges, etc.).























SOURCE. EXECUTIVE PLANNING STAFF


OCEAN- GOING TRANSITS
FISCAL YEARS 1948-1958
THOUSANDS
OF
TRANSITS
10
9
.. -------------------------------- 104









0
1952 1953 1954 1955 1956 1957 1958
-II





PANAMA CANAL COMPANY


State.- wln,.h pan.ed through the -a nal during the year established
a n1ew 1igh of ,oIme I,.it'ii.i UI long tons, a gain of 13 percent above
lthe p'rx'viOu N, y:.ir.
TIe," inireasii! si7.ie of i.'om iner il P sliiph ii ng th-,* Panlilnii Canal i.
briii 'g iin- ,,r,:-iiiglv large_-r .toll, per transit. In tii-:, ye.ur 1''52.
the avi,rage aiimount *,,ll.,'-ie,'l p.tr tr:,i. it was $4,127; during aisc l
yar 1'.",'. liii. p,:I' trii'.il t "l',r g-* ri.r-ased to $4 .54:1. The grrowt i
in largi.r ship- i- prI ,ahnbly bIct Ii ll -tr io.-d by the !;,,.t I t in I .: 1c .
silps trai- nIiti ng te .. anal in a Aingle ye'ar with beams of 86 feet or
greater hive in:rea-,.-d front, 13 such:l hips to a total of 109 for the
vyjir just .(ir :ld.:,l. (Clea -iiiut ti.aiits have increased from 696 in
1"1.15 to l,,i'?7 in l'-:',, or .716 percent This type of transit is of sig-
niti.:;int impFortainric: bIc.nu- c ,of it,; effect on the capacity of the canal.
The .lv,:ra ocL-',iIgoniig ommiriicr'ial ve-ssel transiting was slightly
larger tharin i pr..viouc y-e;ar., av-..ragitlg 5,221 Panama Canal net
\e(,.il ii s uin iomp.tr'i.ni with l!t .'.,,i55 average in 1957.
A ialulutitili ,,f ihe four princiipal features of traffic for the fiscal
y,..,,rs 1 'S, 1.l.",7, anl 1';.d ib- .hl.n i below :
Fiscal year
1968 1957 1956
Number of oceangoing transits ----- 9,466 8, 848 8, 475
N ,r.?nt .---------------------- 49, 110, 351 45, 018, 760 42, 685, 742
C rre., I I...g Lous .:.f 2,2411 p,"iiiil- -.. 48, 916, 119 50, 624, 373 46, 269, 163
T-ll- .1 il, ll.- tr.in ------.. ------- $42, 768, 015 $39, 561, 595 $37, 369, 533
OTHER TRAFFIC
In addition to the oceangoing vessels, 1,087 small craft of less than
.100 net tons, Panrma Canal measurement (or under 500 displacement
tonts .In ve;,.ls Icssesc,.d on displacement tonnage), transited the canal
during licril, y,'r 19':,. Transits of these small vessels have but slight
effect o,, w,,rkloadc and tolls revenue volume, and are generally ex-
dluded fr,n analysis of canal operations. Also excluded from the
pri, eding ttble are slitistics on 55 vessels exempted from tolls charges,
including vessek owned, operated, or chartered by the Government of
the Republi of Panama., war vessels of the Republic of Colombia, and
vessels transiting the canal solely for repairs at the Panama Canal
-iorops. Further details or, thiL traffic will be found in table 26, chapter
V, page 10l).

COMMERCIAL TRAFFIC HIGHLIGHTS
In (October 1':.57, the Gracie liner Santa Mercedes, made the
200,000Ithl commercial transit of the waterway, less than 8 years after
thle SS Vt',mai/i7t of the American Hawaiian Line became the
1.'5,0O00th ci.Itonme.r, April 26, 1951. It was on October 10, 1938, that
the.' Stil Export, operated by the Isthmian Steamship Line, made the
liui0l._.i-lth transiit of tIhe anal.


495687-59---2





10 REVIEW OF CANAL TRAFFIC
PRINCIPAL TRADE ROUTES
Approximately 79 percent of the commercial traffic served by the
Panama Canal in fiscal year 1958 moved over eight main routes of
trade. The table below shows the net vessel tonnage (Panama Canal
measurement) moving over these routes in fiscal year 1958 and 1957,
with the percentage change between the 2 years.
Fiscal year
1958 1957 Percent in-
(In thousands of Panama crease or
Trade route Canal net tons) (decrease)
East coast United States/Canada and Asia ...--------- 9, 282 9, 232 0. 5
East coast United States and west coast South
America------------------------------------ 8,421 6,739 25.0
Europe and west coast United States/Canada------ 5, 386 4, 685 15. 0
Europe and west coast South America ------------- 4, 566 4, 040 13. 0
United States intercoastal ----------------------- 3,675 3,282 12.0
Europe and Oceania ---------------------------- 3,014 3,698 (18.5)
East coast United States and west coast Central
A merica/Mexico ------------------------------ 1,815 1,383 31. 2
West coast United States and east coast South
America------------------------------------- 1,769 1, 140 55.2
All other --------------------------------------. 9,996 9,429 6.0
Total ----------------------------------- 47, 924 43, 628 9.8
An increase of 9.8 percent is shown in the volume of net vessel ton-
nage transiting the canal this fiscal year over the previous year, with
the highest volume change in shipments occurring again in the east
coast United States and west coast of South America trade.
All the.major routes ranking in position 1 to 8 maintained their
status in the lineup of principal trade routes served by the canal. The
east coast United States and west coast South America area, which
retained its second position in importance among the routes, shows the
highest percentage gains in both net tonnage and cargo movements.
Some gains were reflected on each of the other trade routes with the
exception of the route between Europe and Oceania, on which net
tonnage declined by 684,000 net tons, or 18.5 percent. The greatest
net tonnage gains recorded were in the tonnages between the east coast
United States and west coast of South America, up 1,682,000 tons, or
25 percent, and between Europe and west coast United States/Canada,
which increased by 701,000 tons, or 15 percent.
A brief discussion of shipping engaged in these trade routes is given
in the following paragraphs:
East coast United States/Oanada-Asia.-Traffic in these two impor-
tant areas retained first-place position for the seventh (,rccu:luti\-
year among the various trade routes served by the canal. The volume
of net tonnage used on this route, Panama Canal measurement, estab-
lished a new high, however, the volume of cargo moving between the
two areas was 18 percent below the previous year, yet accounted for
some 42 percent of all the Pacific-bound cargo. Again, Pacific-bound
traffic accounted for the majority of the net tonnage, forming 67
percent of a total of 9,282,000 net tons. Substantial losses were sus-
tained in cargo shipments in the east-to-west movement, principally in
rice, ammonium compounds, iron and steel manufactures, scrap and
various other metals, and phosphates. The decrease in scrap iron ship-
ments alone accounted for some 980,000 long tons. On the other hand,
noticeable increases in this direction were made in exports of corn, up









I 7
!


I


4.9
I


p


TI


SS "Santa Mercedes" Making 200,000th Commercial Transit of Canal.






































The "Vanda," of


Honduran Registry, Completed 50 Transits During Fiscal Year 1958.





PANAMA CANAL COMPANY


19lt0,0 long tons, ?syiieans increased by 121,000 long tons, with
whelt hl.-girning a ;1ub.uitiil movement for the first time since 1955.
In thr- ,tiher mwvenment, w.:-t to east, a decrease of some 282,000
loig tnii wais esx[p,,ri:.ncd ,i:in.-r the 1957 period, with lo s--e in ship-
munts of :-.rniiie aore n:md ;-.igr predominating and accounting for
232.000 ton, or 82 pri. tit -if thie total tonnage lost.
Eai i ,4,,tt Uni'f, Stall -rt,.'i ., ast South America.-For the seventh
con-..it iv,. y"-.ar thl[ii u,iJr1, rout'- continued its spectacular rise in all
ih:,i f .. f 11hippiigi, ;inid h1-hld its -zocond-ranking position in importance
ti, the Painama Canal. The net tonnage moving over this route in-
-r;,-.>. irn r v.ais. ,-vr the volume moving during the preceding year. This is
thi.: minit im[r-,sive gain among the various trade routes. It is over
this lane that the large quantities of essential raw materials such as
th- v:irnmus n; ie flow to the industrial areas of the United States.
UIzualy, the volume of net tonnage totals approximately the same in
elu(i1 dire.:-tirn. but during this fiscal year west-to-east movements
Fx:..eded eient-to-west by 590,000 tons. Eighty-four percent of the
.:rgo t'nngrig.: moved west to east during this fiscal year, an increase
of 24 percent, despite the existing business recession in progress in
the llnier.d States. Shipments of iron ore, up by 1,313,000 long tons
Ir'm iIth. previous year, showed the most significant commodity in-
irat.v, amounting to 33 percent. Slight increases over last fiscal
ypi:r w-r noted in shipments of bananas, coffee, and sugar.
Erro.', and west coast United States/Canada.-This major route con-
tinutii to rank third in importance for the seventh consecutive year,
a.--ountin-z for a total of 5,386,000 net vessel tons and showing a gain
of 15 per,:'-int o:v.r last fiscal year. Movements of cargo in this trade
are pri:-dorniri:,iitly eastbound and this year's movement in that direc-
tioin fOirnii-,il S5 pi.rcent of the total cargo exchanged by the two regions.
Total cargo moving in the trade, amounting to 6,015,000 long tons,
slu: d n i sli-ht gain of less than 1 percent. Two commodity groups-
lunmbir .,ml harley-made up 31 percent of the 5,126,000 long tons of
,rg- ,Lipp.li eastward, showing gains of 41 percent and 56 percent,
rspieti.-ly, over such shipments last year. Wheat, for years one
of the most important commodities shipped in appreciable quantities
in the trade, sustained a decided decrease of 552,000 long tons this
period, or 23 percent under last year's total of 2,394,000 long tons.
Eto f','' and west coast of South America.-Net vessel tonnage in this
ro-itrt, the fourth-ranking one, was up by slightly more than 500,000
net tons. This is a gain of 13 percent over the preceding fiscal year,
when a 10-percent increase was registered in the net tonnage utilized
ov'.'r hti route. Coupled with this continued gain in net tonnage
volume, of course, is the phenomenal increase in vessels being em-
ployed to transport the increasing volume of goods exchanged be-
tween the t'wo areas.
Althoiuglh the volume of goods exchanged between the areas this
~'i\\. \:,ar continued to rise, a total of 3,694,000 long tons being
recorded in comparison with 3,590,000 tons last year, the 1958 period
shows the slightest iinirea.se in tons of cargo since 1954 when only
2,025,000 tons was exchanged in the trade. As in past years, the
movement of cargo was predominantly west to east which this year
a:.:-..unted for 79 percent of the total cargo moved over the route.





REVIEW OF CANAL TRAFFIC


Despite the business recession in progress, which is being felt especially
in world commerce, raw materials obtained from the west coast of
South America for European industries continued to show increases.
Again, as in fiscal year 1956, a very slight decrease in cargo shipments
is recorded in the east to west direction, down by 2 percent over 1957
figures.
The most important percentage increase in commodity shipments
over the route occurred in bananas, up by 73,000 long tons, or an
increase of 37 percent. Shipments of nitrate of soda ranked second
in importance of increases with 502,000 long tons, or a rise of 35 per-
cent in comparison with 373,000 long tons in 1957. Iron ore moving
from western South America to European ports again showed a slight
gain over last year, utilizing 1,064,000 long tons to compare with the
1,009,000 tons in 1957.
Western Germany continued to be the principal recipient of east-
ward-bound cargo, receiving 964,070 long tons, a gain of 35 percent
over last year. The Netherlands ranked in second place, receiving
650,974 long tons, while Great Britain was third with 438,773 tons.
Belgium and Germany were again the principal suppliers of westward-
bound cargo, with Belgium exporting some 205,000 long tons and
Germany 185,000 tons.
A 69-percent increase in the number of vessels operating in these
trade areas is shown within the past 5 fiscal years. From a total of
562 in 1954 to a total of 949 in 1958, there was a total of 387 ships
added in the trade with the largest single addition of 114 craft occur-
ring in fiscal year 1958. This is an increase of 39 percent in vessels
over the fiscal year 1957.
United States intercoastal.-Retaining its position of fifth place in
importance in canal commerce is the trade between the Atlantic and
Pacific coasts of the United States. During the period of 1958 over-
all increases were experienced in all phases of shipping over this route
which recorded more vessels plying in the trade, more net vessel tons
and cargo tonnage, as well as more tolls collected than was the case
in fiscal year 1957. Net vessel tonnage in fiscal year 1958 totaled
3,675,000 tons, an increase of 393,000 tons over last year. The
unusually heavy volume of residual oils moving from California dur-
ing the last quarter of the fiscal year was primarily responsible for the
increase, a total of 470,000 net tons moving in 50 tankers during the
3-month period. Total net vessel tonnage in the tanker class in this
route amounted to 980,808 tons, up 64 percent over the total of 597,982
tons last year. The remaining net tonnage of 2,694,000 tons crn-
sisted of dry cargo type vessels.
Despite the heavy increase in oil shipments of some 279,000 long
tons, and a substantial increase of 174,000 tons of unclassified chemi-
cals during the period, only a slight overall gain of 90,000 tons was
recorded in cargo movements. Such gains in oils and chemicals were
offset by heavy losses in shipments of iron and steel products, a pre-
dominant east-to-west trade, down 29 percent from the 1957 fiscal
period. Lumber, moving in the opposite direction, contributed a
decrease of 97,000 long tons in cargo, a decline of 7 percent from the
period last year.


















iI&" E , P4,T:'^ ,



UNITED STATES
PiTEFC.-.'- '-L

EASI COAST U.S
WEST COAST
SOUTH AMERICA

:u; : A P E - COAST
US /CANADA






EUROPE- -u:'-"L :-ia


EAST COAST SOUTH
AMERICA-WEST COAST
U S. / CANADA

E : T INDIES- WEST
:3' T SOUTH AMERICA



tLL OTHER


TRAFFIC MOVING OVER PRINCIPAL TRADE ROUTES

Fi","'.L iEA R I? A6"UD ID 57

TrIC.SariDS O'F LOrIG TOri .- F ,".r,,

2 4 5 7 '6 9 0


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nA-** f f- '-,- ----- -'. 'J4AM.*^^~yy^ r* MZ^^^yy a


,OURCE EXECUTIVE PLANNING STAFF


/


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ATLANTIC TO PACIFIC

PACIFIC TO ATLANTIC





14 REVIEW OF CANAL TRAFFIC
Europe and Oceania.-Reflecting a trend to return to a somewhat
more normal status, consistent with commerce prior to the closure of
the Suez Canal, this route is the only one out of the eight major trade
routes showing an overall decrease. Statisticalwise, 95 fewer vessels,
684,000 fewer net vessel tons, 757,000 fewer long tons of cargo, and
$609,289 less in tolls were derived from these areas during fiscal year
1958 in comparison with the 1957 period. Sustained losses of 20
percent occurred in ships using the route, some 19 percent occurred
in net vessel tons, and a 26 percent reduction was felt in total cargo
moving over the lane.
Principally a west-to-east movement, this route saw a decline of
760,000 long tons of cargo from the 1957 period, down 39 percent,
while a very minute gain in tonnage was shown in the opposite direc-
tion for the period. The cargo losses occurred among the most usual
commodities shipped to European ports, consisting of copra, dairy
and meat refrigerated products, phosphates, sugar, and wool.
East coast United States and west coast Central America/MAexico.-
Traffic routed between these two areas in fiscal year 1958 recorded a
percentage increase of 31 percent in volume of net vessel tonnage.
This was the second highest percentage gain in net tonnage during
the fiscal period. Holding its position as seventh ranking in impor-
tance, the trade accounted for 1,815,000 net vessel tons, or a gain of
432,000 tons over the 1,383,000 tons recorded in this trade in 1957.
Net vessel and cargo tonnages represented in this route, as in past
years, consist mainly of bananas from Costa Rica and Panama to the
eastern seaboard. The volume of cargo tonnage in the west-to-east
movement alone accounted for 73 percent of the total cargo tonnage
gain made during the fiscal year and can be attributed almost solely
to the recovery made in the banana trade. Recovering from a disas-
trous year in 1957, this commodity reached the high peak of 337,000
long tons exported, the highest tonnage attained since fiscal year 1953
when 350,000 long tons were recorded. Manganese ore, the only
other commodity shipped in appreciable quantities in the movement,
was down slightly but accounted for 102,000 long tons out of the
total of 495,000 tons of cargo.
West coast United States and east coast South America.-A newcomer
to the list of important trade routes of the Panama Canal just 2 years
ago, this route topped all others in gains in net vessel tonnage among
the eight major routes. An increased net tonnage of 629,000 was
experienced, registering the year-high increase of 55 percent over
fiscal year 1957. Increased oil tanker movements alone an i, itn,1l
for 238,000 net vessel tons of this total gain with an increase oi 22
tankers plying in the trade. Shipments of crude oil from Venezuela
to the west coast of the United States increased from 1,235,000 long
tons in 1957 to a high peak of 1,614,000 long tens in 1958, a rise of 31
percent. Of the 1,949,000 long tons of cargo passing over the route
in 1958, 88 percent was recorded in the east-to-west movement.
NATIONALITY OF VESSELS
Vessels of 36 nationalities comprised the oceangoing commercial
traffic in fiscal year 1958, 2 less than in the previous year. Transits
of U.S. registry, numbering 2,023, with an aggregate net vessel
tonnage, Panama Canal measurement, of 11,672,797 tons ranked






NATIONALITY OF TRANSITING VESSELS
FISCAL YEARS 1958 AND 1957


HUNDREDS OF TRANSITS
22 20 18 16 14 12 10 8 6 4 2 0


SOURC://EUT/V///////////// PL
JIIIIIIIII^l
V//////////s/ X///////
1^i11111111^
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UNITED STATES

BRITISH

LIBERIAN

NORWEGIAN

JAPANESE

GERMAN

PANAMANIAN

DANISH

COLOMBIAN

HONDURAN

ALL OTHERS


TOLLS PAID MILLIONS OF DOLLARS
2 4 6 8 10


r7777777777?777?77n ,X,,,,


z



12 2


^-
0

2


1Z FY 1958
EMU FY 1957





16 REVIEW OF CANAL TRAFFIC
first among the nations participating in canal traffic, as they have in
almost every year since the opening of the canal in 1914. Traffic of
British registry, contributing 1,203 transits registering 7,454,501 net
vessel tons, has traditionally ranked second in canal traffic and this
position was retained in fiscal year 1958.
Some 2,378 different commercial vessels made 9,187 transits for an
average of 3.82 transits per vessel. The number of transits inil,- by
such vessels varied from 1 to 50. The greatest number of transits
made this year by a single vessel was accomplished by the Honduran-
registered Vanda, with 50 trips through the (1iannil, traniipriuing
bananas from Ecuadoran ports to Florida.
During this year, not only an increase of 104 Auni-i wi-IIanll tir:.-iil-
was recorded over last year's total of 1,919 but an increase of 657,825
net vessel tons, is noted, which accounted for an increase of .$5i'5-.4,I22
in tolls collected from U.S.-registered vessels. Vessels under U.S.
registry paid 24.6 percent of the total tolls collected and accounted
for 22 percent of the total transits made. On the other hand, a loss
of 106 British-registered transits was sustained this fiscal year, with a
resultant loss in Panama Canal net tonnage of 673,068 tons, and
$641,696 in tolls revenues from British vessels. However, British-
flag transits continued to hold second place in importance, paying 16
percent of the tolls collected while making 13 percent of the total
transits. Next in importance, and replacing Norway as a tolls-
paying customer, is Liberia who accounted for 11 percent of the total
tolls with 9.8 percent of the total transits.
Of the 10 top-ranking nationalities contributing 85 percent of the
transits, 89.3 percent of the Panama Canal net tonnage, and ,'s.4
percent of the tolls, the United States led with 24.4 percent of the
total net tonnage; British, 15.6 percent; Liberian, 11.8 percent;
Norwegian, 10.1 percent; Japanese, 8.2 percent; German, 7.0 percent;
Panamanian, 4.2 percent; Danish, 3.4 percent; Italian, 2.4 percent;
and the Netherlands, 2.2 percent.
The most striking increase from the previous year, as measured by
net vessel tonnage, was made in traffic of vessels flying the Liberian
flag. Vessels flying the flag of this nation have steadily climbed
from sixth place in importance tonnagewise during the past 4 yii'--.,
increasing from 1,040,175 net vessel tons in 1954 to 5,633,036 tons
in 1958, a gain of 442 percent.
CARGO STATISTICS
Although the combined movement of cargo in both direction.; this
fiscal year fell short of last year's record by 1,577,391 long tons, or a
decrease of 3.2 percent, a second-place alltime high record was set with
a total of 48,124,809 long tons of cargo.
A substantial gain of 1,009,151 long tons was shown in the Pacific-
to-Atlantic flow of cargo over the record established last fiscal year.
As a result of this gain, movements in this direction again returned to
the leading position, a place it had held each year since the opening
of the waterway until 1957 when it was replaced by the Atlantic-to-
Pacific movement. The 25,281,508 long tons of cargo moving in the
Pacific-to-Atlantic area this fiscal year established a new record by
slightly more than 1 million tons over the 24,272,357 tons moving in





PANAMA CANAL COMPANY


that direction last fiscal year. The Atlantic-to-Pacific movement.
returned to seLond-place position by sustaining a loss of 2,586,542
long tons this year, down 10.17 percent from the record high figure of
25,429,843 tons in 1957.
Of the 12 commodity groups which have consistently accounted for
approximately 75 percent of the volume of cargo passing through the
canal, 6 showed increases and the remaining 6 registered declines this
period. The six groups registering declines were: other ores and
metals, manufacture- of iron and steel, wheat, sugar, canned and
refrigerated food products, and phosphates.
Average Tonnage, Tolls, and Tons of Cargo per Transiting Vessel
The average measurement of tonnage, tolls, and tons of cargo per
oceangoing commercial vessel during fiscal years 1958 and 1957 are
shown in the following tabulations:
Fiscal year
Average per vessel 1958 1957
Panama Canal net measured tonnage-------------------- 5,217 5,095
Tolls-------------------------------------------- $4, 549 $4, 481
Tl.k per Panama Canal net ton----------------.--------- $0. 871 $0. 879
Tons of cargo per laden transit --------------------------- 6, 378 6, 779
Tolls per ton of cargo (laden only) ----------------------- $0. 753 $0. 700
DATA IN STATISTICAL CHAPTER
Further particulars of traffic through the canal are presented in
chapter V of this report in the form of tables and charts.






a/t. II


THE WATERWAY

The efficient and dependable operation of the Panama Canal is of
vital concern not only to maritime interests throughout the world but
also to a host of others whose livelihood and general welfare are
dependent to some degree upon an even flow of world commerce.
The process of getting the ships through the canal and the perform-
ance of certain auxiliary or supporting functions are grouped under
the classification of "The Waterway," for purposes of this report,
and are the primary missions of the Marine Bureau and the Engi-
neering and Construction Bureau. These two Bureaus must provide
for the transiting of ships, operation of the locks, maintenance of the
canal channel, meteorology and hydrographic work, and ferry service
across the canal at Balboa.
TRANSITING OF SHIPS
Traffic control
The dispatch of ships into the canal and their movement through
the waterway are closely controlled by the Navigation Division of the
Marine Bureau. Dispatches are regulated from each terminal so that
all ships that arrive each 24-hour period normally clear the waterway
prior to closing time. The following is a summary of the typical
operating program in effect at the end of the fiscal year: From Cris-
tobal Harbor, the Atlantic entrance, the first ship begins its south-
bound transit at 6 a.m., the last at about 4 p.m. From Balboa
anchorage, Pacific entrance, the first ship starts northbound at 5:30
a.m., the last at 3:30 p.m.
Certain vessels such as tankers, ore carriers, and those carrying
hazardous cargoes are selectively dispatched so that they will not
meet or pass any other vessel in Gaillard Cut and are not normally
permitted to proceed unless they can clear the cut and the locks
during the daylight hours. Such ships are called "daylight clear-
cuts."
Since 1951 there has been a significant trend developing in the
number of clear-cut and daylight clear-cut transits. Of most impor-
tance, because it affects the capacity of the canal, are the increases in
large size vessels. From 1955 through fiscal year 1958, vessels of -9-
foot beam and above have increased by over 500 percent. The
number of vessels of this size-transiting in 1958 exceeded the number
handled during 1957 by more than 25 percent.
Harbor work
Five tugs were in service throughout the year-three at the Atlantic
terminal and two at the Pacific terminus. The tugs operated a total
of 12,784 revenue-hours in the servicing and assisting of ships, in
comparison with the 12,803 revenue-hours in fiscal year 1957.





PANAMA CANAL COMPANY


'i',t' ti' ,'i a 'w l /. 1' :
Th-, C('iiIpny'. salvage tug, U.S. Taboga, was engaged in four off-
shore jobs of salvaging and towing for private interests during the
fiscal year 1958 and was used for servicing outlying aids to navigation
,i-f II,:_ Pacific coast of Panama and in the Caribbean.
.4,e',l isii to shipping
f)Duii,, fiscal year 1958 the Board of Local Inspectors was called
upon to investigate 32 marine accidents in Canal Zone waters and to
!ix the blame and responsibility for same. Of these 32 accidents, 19
occurred during transit, the balance occurred in the terminal ports.
This compares with 20 investigations in the previous fiscal year.
The Panama Canal Company was found responsible for damages
incurred in 17 accidents, with joint responsibility fixed in 3. A reserve
in the amount of $459,555 has been set up to cover claims which
might arise as a result of the Company's liability. This compares
with five accidents of Company responsibility and a reserve of $22,000
in 1957. The remaining 15 accidents were determined to have been
caused by fault of the vessel or other causes for which the Company
assumed no responsibility.
The most serious marine accident which occurred during the year
was the collision on October 10, 1957, in San Pablo Reach between
the MS Rangitane southbound, and the SS Hawaiian Tourist, north-
bound. Responsibility for the accident was placed on the Panama
Canal Company. Estimated liability of the Company for damage
to both vessels was $250,000.
There were 558 transits per accident during 1958 as compared to
534 in 1957, and 262 in 1956.
Admeasurement and boarding party operations
A total of 602 new oceangoing-type vessels were measured and, in
addition, 206 ships with structural changes were remeasured. This
compares with 514 new ships, 235 with structural changes in the pre-
vious year.
The function of the boarding party consists of all phases of routine
boarding, which includes admeasurement of vessels for tolls assess-
ment; inspection to insure compliance with customs, immigration,
quarantine, and navigation regulations; and the performance of
Deputy Shipping Commissioner duties for seamen aboard the U.S.-
flag vessels. There were 10,750 ships boarded and inspected during
the year as compared with 9,392 in 1957 and 8,523 in fiscal year 1956,
respectively.
Aids to navigation
On October 6, 1957, the former Aids to Navigation Section of the
Marine Bureau was transferred to and became a unit of the Dredging
Division, Engineering and Construction Bureau. The complete
integration of the two units was effected by October 31, 1957. Con-
solidation of these activities will result in a net reduction of operating
expenses in the amount of $143,200 in fiscal year 1959.
As of June 30, 1958, there were 870 navigational aids maintained
by the Dredging Division in the canal proper and the approaches
thereto, the terminal harbors, and the adjacent coastal areas. Classi-
fled according to the character of the illuminant used, these were as





THE WATERWAY


follows: acetylene gas operated, 123; electrically operated, 370; and
unlighted, 377. Outlying navigational aids were visited for the
purpose of inspection and servicing, and all aids were maintained in
good operating condition throughout the year.
Signal stations
Effective December 1, 1957, the U.S. Navy transferred the Flamenco,
Island Signal Station, located in the outer Pacific harbor waters, to*
the Panama Canal Company for operation and maintenance. Cur-
tailment of funds and personnel in the Department of the Navy made.
necessary this change in organizational management.
LOCKS OPERATION
In traversing the lock-type canal, ships are raised in three steps
to a fresh-water lake 85 feet above sea level. The Locks Division of
the Marine Bureau is primarily concerned with the operation and
maintenance of the three sets of locks, their related installations and:
facilities, including the periodic overhaul of underwater parts.
Gatun Locks near the Atlantic entrance to the Canal forms one-
continuous flight of three steps which raise and lower the ships 85
feet above sea level. The three flights at the Pacific entrat.-e are
divided between Pedro Miguel Locks with one flight ardl Mniralorii:-
Locks with two flights. Each of the twin chambers in ,o.ich ligit of
locks has a length of 1,000 feet, a width of 110 feet, and a depth of
70 feet. Since the flights are in duplicate, ships may p.iS. ii opposite
directions simultaneously.
The duration of a lockage depends on many factors, including the
size of the ship, its handling characteristics, and whether the ve;el i,
locked separately or in tandem. This latter procedure is ured to s;ave
overall time and water. The normal lockage intervals are 40. i6.
and 80 minutes at Pedro Miguel, Miraflores, and Gatun Locks.
respectively.
The number of large vessels passing through the lock.; iii lIi; al year
1958 was greater than ever before. Ten-locomotive loi kig(-es iincreoi;ea.I
by 13.5 percent over the previous year; eight-locomotive lockagie'-
increased 6.1 percent. Total lockages showed an increuai. of ippr.),:-
imately 6 percent over the previous fiscal year.
Lockages-vessels handled
The number of lockages and vessels handled (including Pi.namia
Canal equipment) is shown in the following tables for the fi;,cal year.
1958 and 1957:
Fiscal year
Gatun Locks: 1958 1957
Number of lockages -..------------------------------..8,548 8, 053:
Number of ships ----------------------------------- 10, 882 10, 348.
Pedro Miguel Locks:
Number of lockages --------------------------------- 8,815 8,260,
Number of ships------------------------------------ 11,713 11, lI&
Miraflores Locks:
Number of lockages ---.---------------------------- 8,655 8,244
Number of ships ----------------------------------- 11,358 11,105,





















WrnqI&W"., I j


~6 t


Tanker SS "Gulfking" in Transit at Pedro Miguel Locks.








ar


AAI


Repairing Culvert Failure in East Chamber, Pedro Miguel Locks.





PANAMAA CANAL COMPANY


Luck.- te'rhai l
T Th.- 5.-ye:Ir oqv,-rhla'I oIf th ':lie Pcifit.- loez;c was accomplished, except
for rising stein \val\>- iii the I"..dro Niguel :-center wall, which will be
.completed in July 19'S. Prep.iiatoly work was begun early in fiscal
year I15S, a iin overhaul work proper lb.-gani at Miraflores on January 4,
1ffoiS, and renmanildl in progreS--5s u.luring the balance of the fiscal year.
All inmdrrwatrr parts w.ere inspected. repaired, cleaned, and painted
na rucquirt-d. Tr,. mter gt.t'. leave, wu'e unhinged for replacement
.of hiearing-.1 i1 :1 ring plate.. Eighteien old i ising stem valves at
Miraulorus were replace-d with i;e vlnl--I. Work in the Miraflores
*. enter culvert \vas done with both ch:lrni:er- in service and the culvert
isolate'.l by use of Interal culvert plt-
On June 7, the Iniwati:.rel iast chlln.-her of the Pedro Miguel Locks
revealed a1 failure of onie ol the iulvi'rt.. ait.l the adjacent floor areas on
either sidle a2tioin Itinhg to a total of abo tt 1,0010 square yards of con-
crete. It vas ,?.:tiriinI:ed that the upheaval of the concrete had
-oe:,urredl dinnrg tI-e fir-t killing of the- i'hamilier following the overhaul.
Cleanup aniI repair work wa; conipleted on June 24, and consisted
of repouring the top half of t lie lateral tilvert that was ruptured;
r.'pa irilig a*tn I Iling leaks in several other li teral culverts which
siow.ld -ign- of weakness; and the pouring of about 1,000 square
yvrdl- of new Iljoor slab
WATER SUPPLY
Tlie supply of v.watr ne,. isary for th., operation of the Panama
Canal in transiting of h hipse, thei generation of electrIn power, and for
mnitni,-ipal ui-.e is derived fro in. several tribtiary itreaini that flow into
Mladtlen and Gnatn Laket., which -erve :, storagee and flood control
re-servoir' of a drainage ain .omnpri-ing 1,'-'S' square miles. All
inflow front Mauddlen Lke., n' ihether drawn for hydroelectric power
Sor spilled I for lake ouitrol, Iwo%- into Gatuin Lake and together with
the runolt frorn the area I-low Maddu.hln Dam is used for lockages,
power generation, anI muni .ilpal plrpoi'tJ, ,or may be spilled to
control tLe operating level of Gatinu Lake.
Total runoff froini Gatin Litnd Maddilen Lake drainage basin for the
fiscal year 195S 'va 19I perc-nt b lo'. normal and amounted to
8:,S7(I,552 are-feet. Of this total, 41 percent was derived from the
iau;in ibove NMla.den Dam.
Runoff for the period, Jan'ia.ry-April, from the Gatun Lake Basin
amounted to i.'16.621 I.:re-feet, which wxas .1I percent above the
45-i-ear average From the area above Nlad,.lden Dam, which consti-
tutes the greatest so-urun. of hiydroel.ictric po,,wer, the total runoff
aniunuteil to .1.|4,775 acre-feet, v.Shich was 2S percent above the 45-
year average for that :area.
After deducitioon of evaporation lo--e- from both lakes of 488,129
.acre-feet, tiet remaining net yield or runoff amounted to 3,382,323,
whiih wa; combrii..d with 313,9;-4 are-feet from lake storage and
us- d to furnish 1,4-62,92 acre-let-t for Gatun Lake lockages (using
li19 aere-feit per lockage of which there was an average of 23.8 per
day.. Ou ot of r- th tt.t yi.hld al;o. 1,459'),344 acre-feet were used to
generate -4,i,.25,200 kllowatt-bionrs at Gatun hydroelectric plant.
In addition, leakage and miscellaneous losses of 19,651 acre-feet were





22 THE WATERWAY
sustained during the period and of the remaining net yield municipal
requirements took 35,652 acre-feet, gain in storage of 313,934 acre-
feet, and the spilling of 90,817 acre-feet at Gatun spillway for lake
regulation during the rainy season. Madden hydroelectric plant
used 1,166,528 acre-feet to generate 125,249,100 kilowatt-hours of
electricity.
For further details on water supply and expenditures, see table
27, chapter V, page 110.
MAINTENANCE OF CANAL CHANNEL
The Dredging Division is charged with the maintenance of the canal
channels from the Pacific entrance at Balboa to the C(iiol',I.l 'reauk-
water in the Atlantic. This division is also responsible. 1f.r I-h,. i,,p.r.'r -
tion and maintenance of all other navigable channels, IharlI''-t, niiii
anchorages; the extermination of impedimental plants in the canal
and its tributaries; and the maintenance of the Atlantic breakwater.
This maintenance of the canal channel, its terminal harbors, the
adjacent navigable waterways of the Panama Canal, and special
improvement projects was accomplished during the year with a 28-
inch suction dredge, a 13%-cubic-yard dipper dredge, and a 10-inch
suction dredge which was placed in operation in November 1957 to
be used in drainage correction work in the Telfers Island area, in
lieu of higher cost excavation by land machines.
Dredging operations are divided into three major areas; the Atlantic,
a Central, and a Pacific district. The canal channel is maintained at
the following predetermined controlling depths: For the Atlantic
district, from deep water in the Atlantic to Gatun Locks, is 42 feet
below mean low water; that for the Central district,.from Gatun Locks
to Pedro Miguel Locks, 42 feet below minimum lake level of 82 feet;
and that for the Pacific district, from Pedro Miguel Locks to Mira-
flores Locks, 42 feet below Miraflores Lake elevation of 53 feet; from
Miraflores Locks to deep water in the Pacific, 42.4 feet below mean low
water springs.
A total of 5,156,700 cubic yards of earth and rock was removed
from the harbors and waterways in 1958, an increase of 2.9 percent
over the 5,010,600 cubic yards in the previous fiscal y-nr
Slide incidence in Gaillard Cut was again below Inii ial, wilth nI,
42,300 cubic yards of material being removed, l'riringii tIe i.il-
material removal since June 30, 1913, to 52,929,550 .iil.. y.ail. Tl..
Culebra Slide West continues to be the most activ.. ad i ii iiii.-rou,
small bank breaks occurred but with movements of mniii :,:.ii.'.-'uiiii .
A summary, of dredging operations for the fiscal v..-ir 1'.'.5 %%ill i,.
found in table 28, chapter V, page 110.
REPLACEMENT OF LOCKS TOWING LOCOMOTIVES
In January 1958 the two test locomotives which had arrived in
December 1957, and which were placed on the north center wall of
Gatun Locks, were demonstrated to the Board of Directors of the
Company and to the Governor of the Canal Zone. The machines
proved to be nonoperative and were not acceptable. Further tests
were suspended pending corrective measures to bring them up to
measurable standards of the specifications. Corrective work was




















Vff


- -I
F*-


-I


Suction Dredge "Mandinga" Placed in Operation November 1957.

















0.. :ii .


Architectural Rendering of Bridge to Span Canal Channel at Pacific Entrance.





PANAMA CANAL COMPANY


bl:g-,ii, ii My Pr'cliniiiiiry tests were again performed in June and
ii.hlatedi tlir thi. rnip..r repairs were -iltifat-uly although the
ri,m: ries h 1 I l IH-II i v vi I, lh. tl .Iernns aHtL:. lie.llu a ilitvl to handle
l-hiT:. A proi'"i"t "perattnig schedule, prepared on the basis that no
m;,i>-.r I IIhl:,l11ty or z",ri, uii- delaying accident will occur, was scheduled
ti, li..rii on July 1, 1958. The towing devices are to be tested through
tr nii-ii- with two barges lashed together, small vessels, and oceangoing

CANAL IMPROVEMENT PROGRAM
Ti,.-, canal improvement, short range program, developed in 1957
was approved during 195S for accomplishment. At year's end, dry
cX aIv;ltli.nt, hil ,n-.:n ,' l ..mii l .- I iuiii blasting was in progress on the
ul..I4n1ing ,f B.-ndl 15G S P-i':'I.:, Curve). A contract was in progress
for ligl itig1 o If Il in' 1i, k :[i.1I (G illard Cut on an experimental basis
only; preliminary geological data was being obtained with preparation
of plans and specifications under way on widening the Paraiso-Cucara-
cha Reach; and the projects of widening Bend 1660 and the Paraiso
Mooring Station have been deferred until 1961.
In the Canal Improvement, Long-Range, Special Studies Program,
general engineering studies, editorship and coordination of a report
are nearing completion under the direction of the Vice President who
is Chairman of the Working Committee for the Ad Hoc Committee.
It includes updating and revision of 1947 cost estimates for Third
Lock and Sea Level canals, a study of the vulnerability of various
types of canals in this location, and an analysis of new construction
methods and equipment as related to new, canal plants.
MARINE TRAFFIC CONTROL
During the fiscal year the Panama Canal Company contracted with
an engineering firm for a study of the present methods and equipment
for marine traffic control in the Panama Canal and for recommenda-
tions for improvements of a marine traffic control system.
A preliminary oral report was presented to Company representatives
and the final report was scheduled for submission to the Company
early in fiscal year 1959. This report recommended the installation
of an extensive electronic marine traffic control system. The pro-
posed system would be an integrated, or coordinated method of con-
tinuously providing and utilizing more complete, accurate, and up-to-
the-moment information for scheduling and controlling the movement
of vessels in the canal.
CLOSING OF GAS MANUFACTURING FACILITY
For the past several years the possibility of closing the Industrial
Division's gas manufacturing facility has been considered. At the
close of the fiscal period a plan had been approved for its closing, and
negotiations for a contract with a firm in the Republic of Panama to
furnish oxygen, hydrogen, and acetylene were underway.
It Wv,- *.I:ileil that r thi Storehouse Branch will handle the trans-
pt ii ali f I Ih. gi cyviders to and from the plant in Panama and
will ha'i thL rr-,spir-.bility for storing, issuing, and receiving cylinders






24 THE WATERWAY
and the maintenance and repair of cylinders. No sales will be made
to any military or commercial unit in the Canal Zone.
The Industrial Division gas plant will be converted to 60-cycle and
mothballed. The plant will be reactivated should the local source
of subject gases fail at any time in the future to meet contractual
obligations for supply of the gases to the Company. (On July 9, 1958,
a contract was signed between the Panama Canal Company and the
Panamanian supplier, to become effective August 1, 1958.)
The new cost of the three gases to the consuming agency will be approxi-
mately the same as presently charged by the Industrial Division.
Savings will accrue through the following items: Plant additions
and replacements, rising rate of U.S. rate salaries coupled with effects
of the single wage plan in the Canal Zone, community services to
Panama Canal Company employees; and the intangible cost of main-
taining an extremely hazardous gas manufacturing facility in a heavily
populated industrial area and in the vicinity of a heavily populated
residential area.
FERRY SERVICE
The Thatcher Ferry service operates across the canal near the
Pacific entrance of the canal. It is operated as a public service and
no charge is made for its use. Service is maintained by retaining
three diesel ferryboats on a daily schedule, with two ferries being in
simultaneous service. A third ferryboat is kept in reserve to relieve
the two regular ferries during periods of overhaul and to carry tourists
and special parties in the canal as required. Statistical data on the
ferry service for the past 2 fiscal years are given below:
Fiscal year
1958 1957
Single trips made ------------........-------------------- 22, 945 27, 144
Total vehicles carried -------------------------- 512, 878 606, 648
Total passengers carried --------------------------...... 3, 663, 587 4,281, 474

During the year some 7,716 tourists, special parties, and 3,568
schoolchildren were passengers on ferry trips through Gaillard Cut,
partial canal transits, and excursions on Gatun Lake.






a/e' III


SUPPOIUTING OPERATIONS

It i.; ,..I,.,itlil if thei, is any other Federal organization in the
or~ld thli:t .l-nil)riE. tIhe variety of distinct, but closely interrelated
aItivtI.s tlial :ir.n: fl':uid in the Canal Zone. In support of the mainte-
uunce an. ,i.-ral i': of 1 lie waterway and incident to the civil govern-
ment of thI.. C.an.il Z,:.ne. the Company conducts many auxiliary
:per:ali,-ni that are ee intiUn! to the accomplishment of its basic mission.
'Fhlies'? iIn. iil, roil. :oceai,, ;:nd highway transportation; public-utility-
ty &[: a.rvi .-, tlie ,:t:.p:rti ii of retail stores and housing for employees;
and a wide variety of engineering, supply, and service functions.
These services are also made available to other Federal agencies in
the Canal Zone and, to a limited extent, to the Republic of Panama.
EMPLOYEE SERVICES
Supply and Community Service Bureau
lUinl.i the program of regrouping facilities, the integration of the
Se-r :. Center, Commissary, and Storehouse Divisions was formally
.11'if .r:.- July 1, 1957. The Supply Division has two branches-the
Storehouse Branch and the Sales and Service Branch, which comprises
all activities formerly operated by the Commissary and Service Center
Divisions. Its principal objectives and responsibilities consist of:
procurement of supplies and materials, storage and sales thereof;
scrap processing; and operation of theaters, restaurants, and bowling
alleys.
The Community Services Division has the responsibility of housing
management and attendant operations; care of public buildings and
grounds; operations pertaining to collection of garbage and trash;
street-cleaning facilities and cemetery maintenance.
In addition, in November 1957, the responsibility for direction of
the Procurement Division was transferred from the New York Office
to the Director of this Bureau.
SUPPLY DIVISION
Sales and Service Branch
S, n '. r., u,* r operations
TI[? -ervice centers provide certain essential sales and recreational
fall.it i1s for the employees of the Company/Government organization,
their dependents and guests, as well as others authorized or entitled
to receive Canal Zone privilege?. These facilities include cafeterias,
soda fountains, guest ;i,::i.i.iin I.: uti;.,n; recreational activities such as
theaters, bowlin.i- ::l.' -, .ind merchandise sections. In addition,
rL-ilI r.].: ; ,-.i, r.uii..ii!vy furnished for the use of the various
]<:.-?iee slIn I. >, I. l in. !iihIl- barber, beauty, shoe, tailor, and dress-
ri:,Iiking -.tI.-il--ilibl,,.-i-., public libraries, and union organizations.


4'-*-,. 7--.'--!'






26 SUPPORTING OPERATIONS
Implementation of the 1955 treaty commitments and deactivation
of two communities resulted in the closing of several retail units and
the initiation of several new ones. Revenues increased slightly, a
total of $23,285 in gross income being shown over the 1957 fiscal
figure.
Retail stores, warehousing, manufacturing, and allied operations
The retail stores, warehouses, manufacturing plants, and related
operations provide food supplies, clothing, general household, and
other essentials to U.S.-citizen employees and their families in the
Canal Zone and in the Republic of Panama, to noncitizen employees
residing in the Canal Zone, and the members of the Armed Forces.
In addition to retail stores in the Canal Zone, the operation of gasoline
service stations, warehouse facilities, a bakery, coffee-roasting facilities
a dairy, and a laundry were maintained throughout the year.
Retail stores and related operations
During fiscal year 1958, an intensified program of realignment of
operations consistent with the policy of offering merchandise and
services at the lowest possible prices to support good business practices
was continued. Loss in retail store sales as a result of implementation
of treaty commitments was slightly less than anticipated and in-
ventories were increased beyond originally planned levels. A drop
of 22 percent from the previous year was sustained in retail sales,
services, and issues. Revenues for fiscal year 1958 were some
$4,920,138 under fiscal year 1957 volume.
Storehouse Branch
The organizational units of this branch include administrative,
stock management, warehousing, scrap, and salvage operations;
excess disposal; and office furniture and equipment pools.
During the year excess stocks held in this branch of the division
were brought down from a value of $700,712 to $57,673.
A continued program of regrouping facilities and rewarehousing
stocks so as to promote efficiency in the warehousing activity and to
reduce operating and depreciation expenses to a minimum was vigor-
ously pursued throughout the fiscal period.
Scrap operations were curtailed this fiscal year due to the business
recession in the United States which caused a drop in the market
price of scrap. Improved scrap-processing operations were initiated
that resulted in an appreciable decrease in operating costs.
Methods of operation in office equipment and furniture pools were
studied throughout the fiscal period, resulting in improvements in
several areas. Unserviceable pool items retired reached a total of
767 in comparison with 1,061 in 1957; acquisitions of new equipment
for the fiscal year period totaled 906 in comparison with 352 for
fiscal year 1957.
PROCUREMENT DIVISION
This division, comprised of three commodity branches and one
administrative branch, is charged with the responsibility of providing
procurement services to the Supply and Community Service Bureau.
The division is also responsible for the forwarding, expediting, and
correlating of shipments to the isthmus in compliance with required





PANAMA CANAL COMPANY 1
d,>l.iv.rv ulte'. l'.iiit l ] it-?Il .i -iirpli,.*-. rJiit,.i.[i1-, :Il- *'I e lui]pmi nit are
pir.:.l '-_d f:.i r i.: ,1 h..' i C ,:,nip i y ii i.he C .in0 il Z', in:, i, it; N _.wv York
, ,..,,i ,,in-, .,r t. 2 '-:i alt' ..' ii-< '.iipl. yees. This division continued
i- ii :ii .:. -'r .. :, htw..:ii iI l'-- E1i.y- ering and Construction Bureau
,inh l S (:itl.-: ,.',,lirf .'t* O '- ,:,ii .il -1p1 iri i,': tracts.
Dunn-' ,i,- I,-..l vi.,tr O1''5, the division made 22,752 awards for
pi,.p,:i,-i- vii-l a;it .4.14 \,1..,'.m'. In .:'.nmparison with 20,003 awardsfor
[pin:lu. --. i- le, I ;a t i 1 ,14.771,11- '5 i ical year period 1957.
Alth,., 'i'hi the dtil:l v.,Im-' o tAh i,, chasingg workload decreased in
Il'., l,.- ,l1tern_ ii 'di.d a0 l v-ri.,d:i -olicited increased by 10 percent
fal tI '-rit, r. -p,., tv-ly, .." .1 Ir,--alt of expansion of merchandise
lines and the purchasing of smaller quantities more frequently in order
to hold inventories as low as possible. By taking advantage of the
various economic opportunities offered in procurement of goods
throughout the year, a total of $149,296 in savings was effected by
the division.
COMMUNITY SERVICES DIVISION
Housing Branch
The Panama Canal Company operates living quarters for all U.S.-
citizen employees and, to a limited extent, for non-U.S.-citizen
employees.
No new housing construction was begun during the year. However,
effective January 14, 1958, sixty-nine 4-family apartment buildings,
comprising 124 3-bedroom apartments and 152 2-bedroom apartments,
and four 1-family buildings located in the Coco Solo area were added
as U.S.-citizen housing when the Department of the Navy released
them to the Company. The demolition program was accelerated
during the year to accomplish the evacuation of a total of 16 U.S.-
citizen quarters buildings and apartments, and a total of 521 non-U.S.-
citizen quarters buildings, apartments, and bachelor rooms.
A reduced operating margin this fiscal year over last year reflects
increased maintenance requirements on all residential housing and is
attributed mainly to increases in Canal Zone rates and U.S. Wage
Board labor rates.
Revenues for U.S.-citizen housing were slightly under those for
fiscal period 1957. The financial results of the non-U.S.-citizen
housing show a substantial improvement over fiscal year 1957 as a
result of a rental increase made effective in January 1957. The
operating deficit was reduced to $17,270.
U.S.-citizen quarters
As of June 30, 1958, there were 2,460 family units in operation for
citizen employees and their families. These excluded 8 apartments
held in a standby status and 313 substandard units that were in the
prrivo-s of demolition or transfer to the Republic of Panama. With
tli: x-.r--,:tliii, f wh,'..'. occupants, the complete evacuation of New
C r''-tLail lir- b ,-,- : i.:,i plislied

A. ,, ,,n,, 1.1. i:.'.S, there were 1,854 family units in operation for
Ino:n-I S_.-, ii.', p.-r-,iaiiawl and their families. In addition, 88 family
;ipat mni:i nit .- in the process of demolition or transfer. During late
calendar year 1957, seven 12-family buildings at Pedro Miguel were






SUPPORTING OPERATIONS


reactivated for use as the final demolition program of La Boca was
accomplished. There were 228 fewer non-U.S.-citizen families occu-
pying quarters on June 30, 1958, than on June 30, 1957.
Other activities
The Housing Branch of the Community Services Division is also
responsible for the administration, care, and maintenance of the
Company/Government buildings. Care of grounds, collection and
disposal of trash and garbage; cleaning of streets within townsites in
the Canal Zone; landscape activities; and operation and maintenance
of Summit Park and the Canal Zone cemeteries are administered by
the Grounds Maintenance Branch.
There was no change of consequence in the workload of the Company
and Government building subprogram. The increase in depreciation
expense includes the reinstatement of plant previously offset by
economic valuation allowance, and the provision of special reserves
to offset the net book value of 16 Company buildings licensed to
various religious, civic, welfare, and commercial groups.
Canal Zone rate wage increases and upwardly revised truck rental
rates, effective July 1, 1957, account for the two major areas of
increased operating expenses of the care of grounds. The addition
of 200 acres of housing areas in Coco Solo and Pedro Miguel added to
the workload of both branches; however, the phaseout of the towns
of La Boca and New Cristobal offset this increase.
Added depreciation costs on new replacement machines and Canal
Zone rate wage increases account for the increased operating expenses
of the Garbage Collection and Disposal Unit. The closing margin
approximates $29,333 as compared to the budgeted figure of $17,300.
This difference is due to the failure of anticipated reductions in the
volume of service furnished to the military.
The street cleaning, Summit Park, and cemeteries operations all
continued at the approximate levels of the 1957 operating figures.
TRANSPORTATION AND UTILITY SERVICES
Railroad operations
The Panama Railroad comprises 48 miles of main-line single track
across the isthmus between the terminal cities of Panama and Colon.
In addition, it furnishes industrial switching service to the most
important Company/Government and Armed Forces warehouses and
installations, as well as to some industrial facilities in the Repuihlir of
Panama. It also maintains appurtenant freight and '.,-". '
stations, railroad yards, and locomotive and car repair shops. It
serves all Federal Government agencies on the isthmus and is a
common carrier serving commercial interests in the Canal Zone and
the Republic of Panama.
Passenger and freight workloads of the division showed increases of
33% percent and 18 percent, respectively, during the fiscal year over
the previous year's figures. The increase in passengers carried pro-
duced a 22 percent increase in income, while the increase in freight
tons hauled accounted for a 15 percent increase in income. Due to
an overall workload increase with the exception of a reduced workload
,on the docks and piers which produced a reduction in switching





PANAMA CANAL COMPANY 23

liomiotive service income, and the reduction in force, tih operating
deficit. wats r,.diuced lI.y 51 pere.nt.
Comipar;ative workload and, income statistics are shown in the
table iln\w\ -
t' .. .1; l.:.ir
1958 1957
P:,~r-,, r, r- . -.rri, d ...................- --------------- 540, 641 1115 )t06
R, i ii ; t ol,. c rr,,.d ---......---------------------- 129, 121 1W,. 72'i
P -.i: .u..r rt i.. i n,,,. ..... ...--..-- ------------------ $433, 165 :5..;., 74i
Fr.:ight -. I: -.: i,.nCm.... -...-.- ---...----------------- $731, 953 .: ,;7, toS9
St. it-iii ...:1 l.to:,.,ti. -. r e: onie -------------- $64, 104 $75, 933
N.:t op rati deti ---.......----....-------.....------------------ $124, 830 $252, 071

The Motor Traniisportation Division operates two fully equipped
repair inps, 'one :t :-.ih ,-inall terminal, and small repair facilities
lc-(.red itn the Cristhlijl iind Balboa pier areas; motor pools from three
central g rages; ail ;i lir, retreading plant at the Ancon garage. The
ili\ iz ,on a I l .o ma itains t h- motor vehicle fleet and various other types
of power-driven equipment used by the Panama Canal Company/
Canal Zone Government for construction, materials handling, fire-
fighlting, grounds maintenance, and related motorized equipment
ow eil I.y various units of the Company/Government. In addition,
it also provides miscellaneous repair services to other U.S. Government
agencies, employees, and others authorized to utilize such services.
It siujpervies. the operation of public bus transportation systems op-
e (ing .I n lioth sides of the isthmus under franchise or concession, and
performs annual inspections of commercial and privately owned motor
vehicles as required by Canal Zone traffic regulations.
Various Company/Government projects and other factors contrib-
uted to the overall increased demand for motor transportation services
which resulted in a workload that was greater than that anticipated
and budgeted for the year.
The decrease shown in repair shop services furnished to units of the
Company/Government and others eligible to use such services is due
primarily to reduced credits from setting up only 52 new vehicles in
the year as compared to 123 new vehicles in the previous fiscal year.
Approximately 42 percent of the repair shops' workload was utilized
in repair and maintenance of the division's motor fleet. Significant
workload indices for the fiscal year as compared with the previous year
are given below (reduction in transisthmian hauling is result of Com-
pany/Government units using railroad to fullest practical extent):
Fiscal year
1958 1957
V.-hi .r.ic.--------- ..............-- ------------------- .. 535 535
V.-h, .. nii.,g --------------------------- ..... 5, 757, 000 5, 488, 000
Transisthmian freight hauled (tons) --------------- 14, 662 19, 791
Nunl... r :lf l i. ha ll. r rrried (transisthmian) _--. 53, 682 65, 175
t..-iir iuhop -. r.i%.-- frnii-h.:d others ------------- $394, 872 $419, 048
Op. r.-tirg rn:[irli (lor .:le t i---------- $28, 318 ($2, 513)

The Pani ma Canal C"ompany operates the Panama Line which pro-
vide, ,i i_'lill r freight and passenger service between New York and
the ('andl Z.in.e, via Pot t,-au-Prince, Haiti. The steamship line is an
impi, tiant a1Ijunct t*:- the operation and maintenance of the Panama






30 SUPPORTING OPERATIONS
Canal, furnishing ocean transportation for the large quantity of goods
required by the Panama Canal Company/Canal Zone Government,
and supplying passenger transportation for employees and their fam-
ilies between the Canal Zone and the United States. Commercial
passengers and freight are accepted on a space-available basis.
This is the first year in which the two remaining vessels, the SS
Ancon and the SS Cristobal, operated under the new schedule which
provided for 41 round-trip voyages annually. During the last 6
months of the fiscal year the business recession, affecting shipping
throughout the world, was experienced also by the Panama Line. In
spite of an initial 6 months' profit, the operating loss of the line at
year's end rose to $111,041, primarily because of lower freight traffic.
In addition, and contributing also to this loss, was the political unrest
in Haiti, and a planned rehabilitation program initiated during the
year to improve the mechanical and structural condition as well as the
appearance of the two vessels as rapidly as the financial situation
allows.
Shown below is the statistical comparison of the fiscal years 1958
and 1957:
Fiscal year
Workload 1958 1957
Number of completed voyages----------------------- 41 45
Tons of freight carried------------------------------ 167, 951 199, 915
Average number of tons per voyage------------------- 4, 096 4, 442
Number of passengers carried------------------------ 9,528 10, 739
Average number of passengers per voyage------------- 232 238
Operating margin (or deficit) ------------------------- ($111,041) $64, 724
Electrical power system
The Panama Canal Company provides all electric power used in
the Canal Zone. It operates and maintains hydroelectric and diesel
generating stations, substations, transmission lines, and appurte-
nances. Two hydroelectric generating plants, one at Gatun and the
other at Madden Dam, provide the normal power needs of the Canal
Zone. Three major diesel standby plants are maintained to supple-
ment the hydroelectric plants when water supply is inadequate.
The combined generated output of the power system for fiscal year
1958 was 250,177,080 kilowatt-hours, a decrease of 4,798,020 kilowatt-
hours, or 18.8 percent less than 1957. A total of 222,640,477 was
delivered to customers as compared with 229,108,926 for the preceding
year. Due to the prolonged dry season, diesel generation for water
conservation was the heaviest on record. The total diesel p.\t-r
generated, 41,004,380 kilowatt-hours for the year, was 89.2 percent
greater than the previous heavy record in 1949.
Further particulars on electric power generated will be found in
table 29, chapter V, page 111.
Communications system
The communications system consists of two main exchanges located
in Balboa and Cristobal, with small exchanges at Pedro Miguel,
Gamboa, Gatun, and Coco Solo, with their respective distribution
systems connected by two transisthmian trunk cables. The system
is independent of, but interconnected with, the Army and Navy
systems in the Zone, and with the systems in the cities of Panama and
Colon.





PANAMA CANAL COMPANY


Al. tb .-rl of the fiscal year 1958, there were 7,670 telephones in
i.:rvie, ., ::.compl'ar,' with 7,543 telephones in service at the end of the
Ire.li;-p ti-:.il yIe. an increase of 127.

Thl.: \\:teir Branch continued to supply all the filtered water require-
iJnt.- I .1I' the Canal Zone, including that required for shipping, Armed
F.,',.,s installations, the cities of Colon and Panama, and suburban
P:F,l:1 n1.i in the Republic of Panama.
The system consists of two principal units, one serving the Pacific
side of the isthmus, and the other the Atlantic area. The Pacific
unit takes its water supply from the Chagres River near Gamboa,
from which point the raw water is pumped to a filtration and treat-
ment plant at Miraflores. The Atlantic side unit receives its water
from Gatun Lake, from which water flows by gravity to a filtration
and treatment plant at Mount Hope. Each unit has its own pumping
stations, reservoirs, mains, and distribution piping. Two laboratories
are maintained as adjuncts of the water system to perform the neces-
sary tests to assure the production and distribution of safe, potable
water. In addition to work performed in connection with water
purification, the laboratories render various chemical, physical, and
bacteriological tests for other Company/Government units and outside
agencies. They also handle the chemical inspections for explosive
and asphyxiating gases on burning or damaged ships.
The total annual production of water for this fiscal period is 1.1
percent lower than in fiscal year 1957. The increased use by Panama
and suburban Panama was more than offset by the reduced use by
the Armed Forces and a reduction in water consumption by the city
of Colon.
The table below shows for the fiscal year 1958 and 1957 the con-
sumption of filtered water for municipal purposes and for sales to
vessels:
Fiscal year 1958 Fiscal year 1957
(Thousands of cubic feet)
Canal Zone (including Armed Forces)--------------- 562, 997 605, 030
City of Panama (including suburbs) ---------------- 737, 838 707, 464
City of Colon ----------------------------------- 175, 014 179, 551
Sales to vessels ----------------------------------- 22, 054 23, 345
Total ---------------------------------- 1,497, 903 1, 515, 390
Printing plant
The printing plant performs the general printing and bookbinding
services that are required by the Panama Canal Company/Canal
Zone Government and other U.S. Government agencies operating on
the isthmus. Authorized under regulations of the Joint Congressional
Committee on Printing, it supplies letterpress and offset printing,
provides addressograph and bookbinding services, and other miscel-
laneous printing services.
\VilI. the workload of the printing plant decreased slightly (1 per-
cent) in the number of print impressions registered, the number of
production units increased by 1,812,846 in fiscal year 1958 in com-
parison with last fiscal year, an overall gain of 20 percent, in plant
production. During the year, five positions were abolished in the
plant as a result of improved operating procedures and methods.
Total revenues and credits for the fiscal year amounted to $351,683,





32 SUPPORTING OPERATIONS
with total expenditures of $351,806, resulting in a net operating
loss of $123.00.
Vessel repairs
The Industrial Division of the Marine Bureau provides repair
facilities for commercial and Government shipping in the Canal Zone.
Its operations are centralized in Mount Hope at the Atlantic terminal
of the canal, and consist of a shipyard, drydock, shops, and related
operations. A large drydock at Balboa, on the Pacific side, is main-
tained in a state of readiness for emergency use only as are other
repair facilities.
A total of 1,063 vessels, 65 feet or over, were repaired during the
year, accounting for 1,763 ship-days. There were 43 vessels of this
class drydocked during the year.
Normally, the Company's own floating equipment provides the
largest single source of work for the division through its routine dry-
docking and overhaul. During fiscal year 1958 Company sources
provided the principal workload and backlog throughout the entire
year, and accounted for 49 percent of total revenues earned and 61
percent of the productive force. Actual workload in the division
declined during the latter part of the year mainly because of cancel-
lation of scheduled Navy work due to redeployment of these locally
based naval craft to other areas.
Harbor terminals operation
The Company's terminal facilities consist of wharves and piers,
with about 3 miles of berthing space, and other appurtenances
necessary for handling, transferring, and stevedoring of cargo landed
at the Atlantic and Pacific terminals of the canal either for ultimate
destination in the Canal Zone or the Republic of Panama, or for
transshipment to points beyond the isthmus. Facilities also include
a tank farm at each terminal for storage of petroleum products, fuel
handling plants for the transfer of petroleum products to storage
facilities and for the delivery of bunker fuel to vessels at terminal piers.
Cargoes handled include imports for the Canal Zone and the Re-
public of Panama, outgoing isthmian cargo, and the transshipment
of cargoes to various world ports. A total tonnage decline of 11 per-
cent during 1958 from the previous year's total is shown in the com-
bined cargo stevedored between ships and shore at the two canal
terminals, transferred between ships, or otherwise moved over the
piers. Among the primary factors accounting for this loss were the
direct shipments of coffee and raw cotton from west coast Central
American ports to Europe and Japan, the curtailment -fI Armed
Forces shipments, continued reduction in the Company's commis-
sary sales, and decreases in scrap and banana exports. Improved
cargo-handling techniques were introduced during the year to increase
productivity on the piers.
In compliance with the 1955 treaty, pier No. 3, located in Colon
Harbor, was transferred to the Republic of Panama on November 7,
1957. This pier is a small pier, 160 feet long and 60 feet wide, located
in the port of Colon adjacent to Cristobal Harbor. It is used by small
vessels in coastal trade with Panama. 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


Coniparratie cominiried caryo nmvninrrnts. in tons of cargo steve-
dnrcdi aind finarcinl r sult. thcreif a2t ;i. I'~ allows:
Fiscal year
1958 1957
Cr,nlji,-,l c:>r .. miii,.,.en-,l. I..t: -,-:r, ;ip ..nJ ipier._ 940, 527 1, 050, 165
r. pi.---------------------------------..................... 892, 560 999, 440
Total r. tn -.......... ..-------------....----.....-- -- 1, 833, 087 2, 049, 605
Inc,,m--------.............................-------------------..---.....-----....-- $4, 191, 109 $4, 528, 316
Epene.........---------------...............-- ..------......-- ...---..---- $3, 823, 724 $3, 737, 436
Net ii mern.: -------------------------------- $367, 385 $790, 880
The nar iink-rl.inir- oipei'ration % lhii.h is the other prime function
ol the Terminail Diviioii is .iincernled pruriarily with the pumping
1and i\\uwarl liaii -lie, of ptrlndmin pi ductis from tankers to storage
tanii;-, lioiti Cnmipaiy aiLd privately nw-ned, and the outward handling
of -iilh products from storage tanks to vessels or to tank farm loading
phint form for local consumption.
Tit, 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 oil companies. The decrease in
overall workload is due primarily to reduced bunkers to vessels,
reflecting in part the depressed state of shipping, and to the return
to regular trade routes and bunkering at other ports of shipping that
wis diverted to the Panama Canal during the Suez Canal closure.
Tli.. following comparative workload data is furnished for fiscal
yenr.; 1958 and 1957:
Fiscal year
Workload 1958 1957
o'rnhine.- receipts (Cristobal and Balboa) --------- 8. 686, 386 8, 589, 190
Cmbinr, issues (Cristobal and Balboa) ---------- 7, 724, 516 8, 359, 083
Total barrels of products moved ------------ 16, 410, 902 16, 948, 273
T'nii:, rs- discharging (Cristobal and Balboa)-------- 127 120
Vessels bunkering ------------------------------- 2, 823 3, 061
PRINCIPAL ENGINEERING AND CONSTRUCTION PROJECTS
Bridge, Balboa, C.Z.
Construction of a high-level bridge spanning the canal channel on
the Pacific side of the isthmus is scheduled to begin during the coming
fiscal year. The completion of this bridge will fulfill treaty commit-
ment- made hb.tween the United States of America and the Republic
of Pai';-, n1i.
During November 1957, a contract was awarded to an engineering
coa'mprdvi 1 make preliminary studies and estimates. A five-man
Board C'on-ii-ltants was appointed for the purpose of evaluating
ilesigns aid tn provide general engineering consulting services. This
hoard coisilts of: Ralph A. Tudor, Panama Canal Company Board
rnrmlncr; Hoilatii P. Davis, Dean Emeritus of the University of West
Virgriiaia; F C Turner, Deputy Commissioner and Chief Engineer
it thi. Bureau of Public Roads; Edward B. Burwell, Jr., retired Chief
Gicolog;st of the Office of the Chief of Engineers; and Aymar Embiury
II, bridge architect of New York.
On April 10, 1958, the preliminary engineering report was presented





SUPPORTING OPERATIONS


to the Panama Canal Company and the Board of Consultants. A
three-span, arch-truss-type bridge was selected as the most feasible
from the standpoint of design, cost, and ease of construction, and a
contract for the full design of the bridge was awarded. A considerable
amount of preliminary work remains to be done, much of which will
hinge on the selection of the alignment of the bridge and its approaches
which were still under study at the close of the fiscal year.
This bridge will permit uninterrupted highway traffic movement
across the canal. Its overall length will be slightly over 2 miles
from the ends of the highway approaches on the east and west sides.
The main span crossing the canal will be 1,128 feet long and will have
a minimum clearance of 201 feet above the canal at mean high tide.
The bridge will connect with Thatcher Highway on the west, while
the east side approach will provide vehicular outlets directly to the
Canal Zone and Panama City street systems at the Canal Zone-
Republic of Panama boundary limits.
Under a schedule for the bridge project submitted by the engineering
firm, preparation of the design plans and specifications can begin in
July 1958. It is anticipated that a contract for the substructure work
will be let by July 1, 1959, and the contract for the superstructure
shortly thereafter. Contracts for the approaches are scheduled for
award in December 1958 and February 1959. The project is sched-
uled for completion by December of 1962.
Sixty-cycle power conversion program
Eighteen major contracts were in progress during fiscal year 1958.
Included in these were five closely related replacement projects which
are being coordinated with the power conversion project. The five
related project contracts total $3,477,400 and the 13 conversion project
contracts total $7,030,800. The remaining major projects in the
power conversion program are: System voltage correction, $381,500;
conversion of unit No. 6, Gatun hydroelectric station, $230,000. The
contract for the conversion of Gatun, Pedro Miguel, and Miraflores
Locks amounts to $2,005,000. This contract is included in the total
for the five related contracts.
Conversion of all 25-cycle consumer equipment in the Atlantic
area to 60-cycle operation was virtually completed. In the Central
area, consisting of Gamboa, Santa Cruz, Summit, and Paraiso, con-
sumer equipment was completed except for the Gamboa pump station
and substation transformers. Conversion of the Pacific area com-
menced and proceeded energetically on or ahead of schedule
Again the principal impediment to fieldwork was the co u-lt'illy
recurring delay in receipt of materials ordered from U.S. manufacturers
or suppliers.
Phase I of increased dependable capacity of the locks
A 60-foot extension to the south end of the overhaul shed at Mira-
flores Locks was started and will be completed in fiscal year 1959. It
is required for storage of additional overhaul equipment involved in
Phase I.
All openings from side and center culvert laterals in the chamber
floors at Pedro Miguel and Miraflores Locks were reshaped to fit





PANAMA CANAL COMPANY


thl. I;;t,-iI :u]v-rt plug-i. Extensive cracks and open construction
jints In : iulret lat-erals were found at Pedro Miguel A]l bu.se
b,_tw eel II:,ir -laIb aid culvert riser were closed with c-iumient morln'tr.
Theie remain to i::. co-alI.' a great many open construction joints and
I,.:rI"-k- i laterals ltad r,'ers in both lanes of Pedro Miguel Locks.
Tl'ii. miu-t i:,.e ,oI t.:, 4.al off leakage to a point where use of the
IaIteral :.ulvrt plgIs will be practical.
A sluic: ;;:t*, wais installed in the center culvert drain at Pedro
Nl1iu,.Il to lI:a.-ilit:at its control. Two elevator shafts, one in each
level, e ..T ::nii'usttr:tI at Miraflores, and one shaft at Pedro Miguel
Lo'ks for lirc..t ic:.:.. to the center culvert. A well for the culvert
d.wlt,.ri- pjmp w4 c.:,nstructed at the south end of the center
,ulv,:it ait MirNltior:.- :ld a similar well was constructed at the south
cr.i ,:..t P1,.:rd I iig, l.
.1 i !(l l,ii ,,,'i a ,I -,t l, / 1,1ejects
Other major engineering and construction projects initiated or
concluded during the year included the remodeling of the Governor's
residence; construction of executive quarters for the Lieutenant
Governor; modernization of the Administration Building and instal-
lation of air conditioning, Balboa Heights, and modernization of the
Terminals Building in Cristobal; remodeling of the former Ancon
Commissary to provide office space; alterations to Balboa Heights
Post Office; rehabilitation of Coco Solo housing project; reconstruction
of the air-conditioning system in the Civil Affairs Building; designs
for retail store and gas station at Coco Solo, Civil Defense Control
Center, and the Pacific side passenger and freight terminals; site
development studies for a new housing development, studies and
designs for improvements to quarters; rewiring of Administration
Building, Cristobal, and replacement of electrical distribution system,
Cristobal piers; replacement of raw water pumps and appurtenances
at the Gamboa pump station; replacement of pumping and electrical
systems for locks caisson No. 1; replacement of streets at Old Cristobal
and Margarita; and remodeling of BOQ for an elementary school at
Coco Solo.
Operations, and capital construction by contract
Nearing the fiscal year's end, contracts in force reached a peak
of $4,200,000 in March and April, and finished the year with $3,800,000.
This was a 280 percent increase over the $1,500,000 at the beginning
of the year. Forty-one Company/Government operations contracts
were awarded during fiscal year 1958 having a total value of $693,000.
Forty-seven contracts for capital construction were awarded for a
total of $3,414,000 and the earnings amounted to $980,000.
Boyd-Roosevelt highway maintenance
Regular maintenance and emergency work was accomplished on
the 45.81 miles of this highway located within the Republic of Panama.
Emergency work consisted of the removal of road-blocking slides
and replacement of failed culverts.






36 SUPPORTING OPERATIONS

Sosa Hill quarry
The quarry continued at a higher level of production than for the
previous fiscal year.


Unit
Quarry and crushing-------------- cubic yard ...-----
Concrete mixing plant ------------- ---do --------
Asphalt mixing plant...-----..------- ton----------


Daily
capacity
385
230
160


Produced Produced
fiscal year fiscal year
1958 1957
38, 532 31, 030
4,538 3,511
13, 134 6, 053






/ir/ te IV


ADMINISTRATION

MAJOR ORGANIZATIONAL CHANGES
During the past fiscal year a number of organizational changes were
made in an effort to improve efficiency within the operations and to
provide better service to all concerned.
Effective July 1, 1957, a Tabulating Section was established in the
General Ledger and Processing Branch of the Accounting Division,
to replace the Machine Tabulating Section of the Administrative
Branch.
Effective July 1, 1957, the general accounting functions of the
Supply Division were transferred to the Supply Accounting Section
in the Office of the Comptroller.
Effective July 14, 1957, Plant Accounting Branch and Plant
Evaluation and Transfer Staff, were merged into one organizational
unit, the Plant Accounting Branch.
Effective October 1, 1957, the Commissary Division, Hotels Wash-
ington and Tivoli, Service Center Division, and Division of Store-
houses were consolidated into the Supply Division of the Supply and
Community Service Bureau. This division now consists of the
Commissary Branch, Service Center and Hotel Section, Motion
Picture Unit, and Storehouse Branch. The Housing and Grounds
Division was subdivided into Grounds Branch and Housing Branch.
Effective October 6, 1957, the Aids to Navigation Section of the
Marine Bureau was consolidated with the Dredging Division of the
Engineering and Construction Bureau.
On November 3, 1957, the responsibility for direction of the Pro-
curement Division was transferred from the New York office to the
Supply and Community Services Bureau, Canal Zone.
Effective November 7, 1957, the Hotel Washington was turned
over to the Republic of Panama. Also transferred on this date to
the Republic of Panama was pier No. 3, of the Terminals Division
operation, Atlantic side.
On December 1, 1957, the U.S. Navy turned over the Flamenco
Island signal station to the Marine Bureau, Port Captain, Balboa,
for operation and maintenance.
Control of the Company/Government's capital obligations and
exp[nlilturi-. was transferred from the Comptroller's office to the
Enrgiii-. riiig and Construction Director.
MAJOR PERSONNEL CHANGES
Col. Hugh M. Arnold (USA) (CE) was reassigned to Lieutenant
Gov. 'i ior-Vice President, effective July 10, 1957, vice Colonel Herman
,W Si ,1111, Jr. (USA), relieved from duty July 9, 1957.
Col. John D. McElheny (USA), Lieutenant Governor-Vice Presi-
(:.I-t-I-signatit,. :iirriv,'d in the Canal Zone preparatory to assuming
diuitis up'.i, .I,:pai, l-r. of Col. Hugh M. Arnold, July 12, 1958.






ADMINISTRATION


Capt. Peter Grosz, Jr. (USA), was detailed from the U.t' "uny as
Military Assistant to the Governor, effective July 12, 1,5.7, vice
Major David H. Smith (USA), relieved from duty July 26, 1957.
Lt. Col. Robert D. Brown, Jr. (USA) (CE), was detailed from the
U.S. Army, effective August 3, 1957, as Engineering and Construction
Director, vice Colonel Hugh M. Arnold (USA) (CE), reassigned.
Mr. Lester A. Ferguson, General Manager, New York Operations,
was reassigned to the position of Supply and Employee Service
Director, effective October 29, 1957, vice Mr. Wilson H. Crook,
deceased.
Mr. John J. Barton was transferred May 29, 1958, from the Pro-
curement Division, to General Manager, Supply Division, Supply
and Community Service Bureau.
Capt. James A. Flenniken (USN), was appointed Port Captain,
Balboa, May 18, 1958, vice Captain Anthony C. Roessler (USN),
relieved from duty with the Panama Canal Company May 8, 1958.
Mr. Edward N. Stokes, Superintendent, Railroad Division, was
separated by reduction in force, effective July 31, 1957.
ORGANIZATION CHART
A chart of the Panama Canal organization as of June 30, 1958, is
included with this report.
FORCE EMPLOYED AND RATES OF PAY
The full-time force employed by the Panama Canal Company as
of June 30, 1958, totaled 10,844, an increase of 310, or 2.94 percent,
over the number employed on June 30, 1957. The increase consisted
principally of temporary employees who were employed for locks
overhaul.
The highly diversified activities of the enterprise include a large
number of different functions, and almost every employment category
will be found in the organization. For many years only citizens of
the United States were eligible for employment in executive, super-
visory, professional, subprofessional, and clerical positions. During
the past several years, however, properly qualified citizens of the
Republic of Panama have been eligible for appointment to these
positions in which special education, training, or other high qualifica-
tions are a requisite. The rates of pay for such positions, normally
referred to as "U.S.-rate positions," are based on rates fur im,ilar
positions in the Federal service in the United States plus, normally, a
25 percent tropical differential allowed in the case of U.S. citizens.
All positions for which the predominant area of recruitment is the
Panama labor market constitute a second category, the Canal Zone
wage group. The rates of pay within this group are based generally
upon locally prevailing rates of pay. At the present time, most of
these positions are those occupied by nonskilled or semiskilled workers,
helpers, laborers, etc. However, the number of skilled positions in
this group is increasing due to the increased utilization of non-U.S.
citizens in all positions for which suitably qualified local a|ppliica:ul I
can be obtained. Most of these positions are filled by persons
indigenous to the areas adjacent to the canal, although a scattering
of nationals of other countries is included.








PANAMA CANAL COMPANY


PRESIDENT
OF THE
UNITED STATES C.A


STOCKHOLDER


BOARD OF DIRECTORS



| | PRESIDENT .



COMPTROLLER VICE PRESIDENT SECRETARY
RESPONSIBILITIES AS SET RESPNSIBILITIES AS SET RESPONSIBILITIES AS SET
FORTH UNDER ARTICLE Z FORTH UNDER ARTICLE Y FORTH UNDER ARTICLE V
SECTION 5. PANAMA CANAL SECTION 4 PANAMA CANAL SECTION 6, PANAMA CANA
COMPANY YLADS COMPANY EYLAWS COMPANY 9TLATS


STAFF


I
OFFICE OF
GENERAL COUNSEL
GENERAL COUNSEL

LEGOPL MATTERS
LEGISLATION





OPERATIONS


I I
PUBLIC SAFETY
INFORMATION OFFICE BRANCH
INFORMATION OFFICER CHIEF
SUPERVISION AND PROMOTIDI
PUBLIC INFORMATION ACTIVITIES OF SAFETY MEASURES
PUBLICATION OF PANAMA CANAL DEVELOPMENT AND IMPACVEM


_________________________________________________ t


I
ENGINEERING AND
CONSTRUCTION
BUREAU
DIRECTOR
DESIGN a CONSTRUCTION
MAINTENANCE OF BUILDINGS,
STRUCTURE ES B UTILITIES
'STREETS. ROADS 8 SEWERS
PUBLIC UTILITY OPERATIONS
SURVEY ANO MAPPING
METEOROLOGY a HYCROGRAFy
CHA-,l - MAINTENANCE
HWVERNMIT-. *---l,'


I
SUPPLY AND
COMMUNITY SERVICE
BUREAU
DIRECTOR
PROCUREMENT
STOAEHOUSES
EMPLOYEE SALES
EMPLOYEES QUARTERS
t8UILOINGS AND GROUNDS
*CEMETERIES
GUEST HOUSE
INCLUDES GOV'T PROPERTY
'GOVERNMENTAL FUNCTIONS


TRANSPORTATION
AND TERMINALS
BUREAU
DIRECTOR
TERMINAL PIERS AND DOC.S
CANAL 7.NE FREIGHT AGENT
FOR PANAMA LINE
MARINE BUNKERING
CTOR TRANSPUTATIGN
PANAMA RAILROAD


I
NEW YORK
OPERATIONS
CHIEF PANAMA LINE
ADMINISTRATIVE OFFICE
GENERAL PROCUREMENT II]
STEAMSHIP LINE
I1 ROCUREM T 3 F SOIAM
LINE


DIRECTOR


STOCKHOLDER
-oH WLBER M BRUCKR SEC'" OF flMY





ASST IAG Onf.T


PREsGOENT JUHN 0 -LsENt
COLONEL. I S ARMY
E-" M LL .UICI AN

ATRLER PHILIP L STEERS JH
















ADMINISTRATIVE
ASSISTANT


N GNFRAL OFFICE MANAGEMENT
UENT PRESIDENT
N CIDDEOINATION OF ACMJNISTRATIVE
SERVICES AND PROCEDURES
OER aUTIES SP'OCICAU.
ASSIGNED







ADMINISTRATIVE
BRANCH
CHIEF
ER CORRESPONDENCE

FILE S AND RECORDS
A EMPLOYEE TRANSPORTATION
OLPLICATiNE
STrAMS 1P ASE.... A.SN.

OP-- 1 1IF


I
EXECUTIVE
PLANNING STAFF
CHIEF
LON RANGE PLANNING
CAPITAL BUDGET
MANAGEMENT STUDIES
CANPER CONTROL
CANAL TRAFFIC STATISTICS
ECONOMIC STUOIES
ANNUAL AND MONTHLY REPORTS


I
PERSONNEL
BUREAU
DIRECTOR




CENTRAL LABOR OFFICE


I
MARINE
BUREAU
DIRECTOR

PORT OPERATION
SLO. KS

sV REPAIR
BOARD O" LOCAL INSPECTION
ADIEASUR MENT
SCBARDING PARTIES





PANAMA CANAL COMPANY 39
The full-time f.onr, ...f the Company for employees paid at U.S.
rates on the isthmus numbered 2,463 on June 30, 1958, as compared
with 2,389 on June 30, 1957, an increase of 74, or 3.10 percent. The
full-time force of those paid at Canal Zone rates numbered 8,381 as
of June 30, 1958, in comparison with 8,145 on June 30, 1957, an
increase of 236, or 2.90 percent. In addition to employees in the
Canal Zone there were 381 U.S. citizen employees in the New York
office and 1 U.S. citizen and 10 non-U.S. citizens employed in Haiti
on June 30, 1958, as compared with 380 in the New York office and
1 U.S. citizen and 9 non-U.S. citizens in the Haiti office on June 30,
1957, an increase of 2.
The number of employees by function will be found in tables 30
and 31, chapter V, pages 111 and 113.
EMPLOYEES PAID AT U.S. RATES'
Turnover in force
Three hundred and eighty-four full-time employees for whom
replacements were required terminated during fiscal year 1958, as
compared with 345 in fiscal year 1957. There were 85 employment
in addition to the 384 terminated employees who were replaced.
The net turnover rate (based on replacements on total terminations)
was 10.9 percent as compared with 9.8 percent in fiscal year 1957.
Voluntary terminations for the year totaled 222, a rate of 6.3 percent,
in comparison with 217, a rate of 6.2 percent in the previous year.
Involuntary terminations for fiscal year 1958 totaled 162, a rate of
4.6 percent, in comparison With 188, or a rate of 5.3 percent in fiscal
year 1957.
Recruiting
Of the 469 full-time additions to the isthmian U.S.-rate force
during fiscal year 1958, 81, or about 17 percent, were recruited from
the United States, and 388, or about 83 percent, were recruited
locally. The addition of these 469 employees represents an accession
rate of approximately 13.3 percent.
At the close of fiscal year 1958, there were 45 U.S. requisitions
pending, covering 58 U.S.-citizen positions.
Wages
On June 20, 1958, Public Law 85-426 granted a 10 percent increase
in wages for Classification Act employees, retroactive to January 12,
1958. On May 27, 1958, Public Law 85-426 granted a similar
increase for postal employees, retroactive to January 11, 1958,
Wages of a number of other U.S.-rate groups, including craft, super-
visory, floating equipment, power branch, railroad, printing plant,
and miscellaneous, were adjusted upward during the fiscal year.
The total annual cost involved was $2,024,392. The cost for fiscal
year 1958 amounted to $893,261.
1 Statistics in this section cover both Panama Canal Company and Canal Zone Government employees.





40 ADMINISTRATION
EMPLOYEES PAID AT CANAL ZONE WAGE RATES
Wages
No changes were reflected in the Canal Zone wage rate schedule
during the fiscal year. Automatic and administrative pay increases
at a total cost of approximately $153,608 per annum were given to
2,954 employees during fiscal year 1958. Annual increases were
given to approximately 100 schoolteachers in July 1957.
Cash relief for disabled employees
The Cash Relief Act of July 8, 1937, as amended, affords a non-
contributory, unfunded system for the payment of gratuities to
employees of the Panama Canal Company and the Canal Zone
Government who are disabled through age or disease. This act
provides for a maximum monthly benefit of $1.50 multiplied by the
number of years of service, not to exceed a total of $45.
During fiscal year 1958, monthly payments averaged $167,857
($155,700 for the Company and $11,500 for the Government). The
average monthly payment per case was $37.81 for the Company and
$38.78 for the Government, with a combined average of $37.88.
New applications totaled 339, of which 295 were approved for
payment, as compared with 162 received and 89 approved for pay-
ment in fiscal year 1957. The increase in applications is the result of
a policy of deferment begun in 1957 for all of those employees reaching
62 years of age pending passage of legislation to bring non-U.S.
citizens under coverage of the Civil Service Retirement Act. This
legislation was not passed during the first session and consequently
those persons deferred in fiscal year 1957, as well as those employees
who became disabled or who reached age 62, were considered for
disability relief in fiscal year 1958.
Removals from the disability relief rolls due to death or subsequent,
reemployment totaled 255 for the Company and 19 for the Govern-
ment. The number of disability relief beneficiaries as of June 30,
1958, totaled 4,456 (4,154 for the Company and 302 for the Govern-
ment).
Repatriations
During fiscal year 1958, $1,304 was expended for the repatriation
and rehabilitation of four former non-U.S.-citizen employees and
their eight dependents. The number who can qualify under present
regulations is extremely small and this function is now of little con-
sequence.
Separations
Separations of Canal Zone rate employees were for the most part
involuntary. Of the 1,202 separations in fiscal year 1958, 7 were due
to reductions in force, 279 were transfers to the disability relief rolls
or deaths, 734 were terminations of temporary employees and dis-
charges; 182 were resignations.
2 Statistics in this section cover both Panama Canal Company and Canal Zone Government employees.





PANAMA CANAL COMPANY


INCENTIVE AWARDS3
During the fiscal year 1958 the Company/Government organization
continued its program designed to stimulate beneficial suggestions
and meritorious performance of employees throughout both agencies.
Emphasis was placed on the quality of suggestions rather than on
tii. qjniiitity of contributions. This year 378 contributions were
re ,iVn-,,1 in comparison with 503 in fiscal year 1957. Twenty-two
honorary award recommendations and 49 suggestions were approved
har ra!ih awards totaling $3,235. Tangible savings resulting from
the adoption of the suggestions are estimated at $51,824 per year, the
hIlnheI. estimate in the history of the program begun in 1956.
SAFETY PROGRAM
The safety program of the Panama Canal Company and the Canal
Zone Government is designed to develop and improve the program
of accident prevention, including the coordination of occupational
health, sanitation, and fire-prevention activities, and by reducing
disabling injuries, reduce the frequency rate, severity, and cost of
accidents. These functions and responsibilities are further emphasized
by the Federal Employees' Compensation Act, which in part authorizes
and directs the heads of the various departments and agencies to
develop, support, and foster organized safety promotion.
The Company/Government accident prevention program made
gains in important areas during fiscal year 1958 over the previous
3-year average even though the year's activities included a hazardous
locks overhaul and the Panama Line operations were, for the first
time, included in the Company's safety records. The most notable
single gain among the various bureaus and the New York operations
was that of the Transportation and Terminals Bureau which less-
ened its disabling injury rate by a total of 50 percent during the
past 3 fiscal years despite the fact that a large part of its operations
include high accident-risk stevedoring work. This Bureau's steve-
doring frequency rate for the calendar period 1955-57 was 9.27 as
compared to the 46.50 average reported by the National Safety
Council, for the entire stevedoring industry in the United States
(luring the same period. In addition, the Marine Bureau and the
Engineering and Construction Bureau made marked improvements
in reducing disabling injuries to their personnel over the same period.
During the fiscal period, the safety program successfully strove to
foster more active supervisor and employee participation in the
program and a greater sense of responsibility on the part of these two
groups for its success. The collective welfare was highlighted in terms
of relief from painful injuries while obtaining tangible employment
and other benefits from immediate and long-range economy of opera-
tion through the reduction of wasteful accidents. Stress was placed
upon tile importance of joint employee, supervisor, and manage-
ment teamwork in accident prevention, which resulted in more closely
knit efforts on the part of management officials and employees, and
consequently in safer, improved equipment, conditions, and work
I Statistics in this section cover both Panama Canal Company and Canal Zone Government employees.


495687-59----4





ADMINISTRATION


practices. The results of this approach and its reception by super-
visors and employees have been such that increased reduction in
accidents is anticipated for fiscal year 1959. It is believed that the
groundwork has been provided for long-range improvement in acci-
dent prevention in all areas of the Company/Government.
Two fatalities occurred during the period and 127 disabling injuries
were sustained, resulting in considerably increased compensation costs
and arbitrary lost-time charges. However, this is the second lowest
number of disabling injuries recorded in a single year since 1941, or
since the opening of the canal for that matter. The fatality rate this
year is equivalent to 1 accidental death for every 6,775 employees, as
compared to the national average of 1 death for every 4,348 workers
employed, as reported for calendar year 1956 by the National Safety
Council. There were three injuries causing permanent partial dis-
ability as compared to four last year, and there was one permanent
total disability case this fiscal year.
This year's disabling injury frequency rate of 4.64 represents a 39-
percent increase over last year's rate of 3.35. However, this was the
third time in the history of the organization's accident prevention
program that the frequency rate was lower than the most recently
published national average of 6.27, which was a new low experienced
by all industry during the calendar year 1957, as reported by the
National Safety Council. This year's severity rate of 787 represents
an increase of 395 percent over the 1957 rate of 159. This rate repre-
sents the time charges in days per million man-hours of exposure.
Disabling injuries increased by 44 percent this fiscal year in compari-
son with only 88 sustained during 1957.
As a result of the safety achievements earned throughout the period,
the National Safety Council presented its highest award, the Award
of Honor for calendar year 1957 to the Company/Government and
to the Transportation and Terminals Bureau. This award is earned
on the basis of "outstanding improvement" in both disabling injury
frequency and severity over "par" rates prescribed by the Council
to rule out chance fluctuations.
The Governor-President Annual Safety Trophy, awarded each
calendar year to the bureau achieving the highest percentage im-
provement in disabling injury frequency rate over its own previous
3-year average, was awarded to the Transportation and Terminals
Bureau for their 64-percent improvement in 1957.
Safety Statistics
Fiscal year
1958 1957
Employee-hours of exposure --------------------- 27, 342, 000 26, 251, 000
Disabling injuries ------------------------------- 127 88
Injuries causing permanent partial disability------- 3 4
Injuries causing permanent total disability-------- 1 0
Frequency rate -------------------------------4. 64 3. 35
Severity rate 2----------- ....--------------------.. 787 159
Number of fatalities ---------------------------- 2 0
Days charged ---------------------------------- 21, 516 4, 163
1 Disabling injuries per million employee-hours of exposure.
2 Severity rate is the time charged in days, per million employee-hours of exposure.







0
,1


Hon. George H. Roderick Presenting Safety "Award of Honor" to Governor Potter.





PANAMA CANAL COMPANY


LEGISLATION
During fiscal year 1958, Congress enacted six laws, briefly discussed
1bl.l1,r, whi.Ih apply t. or- aftf:.' I (hi: ranal eiit.-rpris-. 'il ahii illiion t..
:ip lIIop i:illiIri acts Oaril vt'i,.i; ge:iejtr:,Il acts w' i j ,il:.-1 in pru livi'i
a.ppli, ill to these azE-.nies ot to the Canal Zone).
The act of August ,0, 19'.:7 (Piibli,_ Law 85-223, 85th C(:"ng.; 71
Stat. 509), authorized the conveyance of various lands and improve-
m,nts to tio PtltR-public of Panama in fulfillment of the 1955 treaty
iinl 'c-i,:-nllp lii 'Is nme H llO I'.l in,Jit of understandings.
Th: ac:'t of August 30, 1957 (Public Law 85-231, 85th Cong.; 71
Stat. 514), amends the Fair Labor Standards Act of 1938, as amended,
to m.:larify its application in the Canal Zone and certain other overseas
; I l :'1'i .
The act of February 20, 1958 (Public Law 85-331, 85th Cong.; 71
Slat. Ir.W, amends section 216(b) of the Merchant Marine Act, 1936,
Ua 1 ;miri-nI,II. to provide for appointments of cadets from the District
of (_'olirni:i, Guam, American Samoa, Virgin Islands, and the Canal
Zone. The effect of this act, so far as the canal enterprise is con-
cerned, is to include the Governor of the Canal Zone among officials
authorized to nominate candidates for annual competitive examina-
tions for the Academy, and provide for the allocation of two vacancies
each year to the Canal Zone.
The act of March 17, 1958 (Public Law 85-346, 85th Cong.; 72
Stat. 37), amends the Canal Zone Code to provide for the transfer
to the Canal Zone postal revenues of the amounts of money orders
issued by the Canal Zone postal service and remaining unpaid after
20 years from date of issuance.
The act of May 19, 1958, amends section 831 of title 5 of the Canal
Zone Code so as to make it a felony to injure or destroy communication
facilities in the Canal Zone.
The act of June 18, 1958 (Public Law 85-460, 85th Cong.; 72
Stat. 200), amends the definition of the term "State" in the Veterans'
Readjustment Assistance Act and the War Orphans' Educational
A--ist.iLnm. Act to clarify the question of whether the benefits of those
;:ti mia., be afforded to persons pursuing a program of education or
training in the Canal Zone.










FINANCIAL REPORT AND
STATISTICAL DATA


FINANCIAL STATEMENTS AND RELATED SUPPLEMENTARY
REPORTS FOR THE YEAR ENDED JUNE 30, 1958
The financial statements of the Panama Canal Company appearing-
in tables 1 through 11, with the accompanying notes, fairly present
the financial position of the Company at June 30, 1958, and the finan-
cial results of its operations for the fiscal year then ended. Tables 9
through 11 were previously published on October 10, 1958, as an
official release to the press and were included in the Annual Report of
Board of Directors to Stockholder.
All statements have been examined by the Internal Audit Staff of
the Company, and are subject to audit by the General Accounting
Office. Audit reports of the General Accounting Office are directed to
the Congress and are printed as congressional documents.
Supplementary information concerning funds, operating results,
payments to the U.S. Treasury, net direct investment of the U.S.
Government, and retained revenue is presented in the tabulations and
comments which follow:
Source and application of funds
The following is a condensed statement of funds provided and
applied during the year ended June 30, 1958:
FUNDS PROVIDED:
Income from operations (table 3)------------- ---------- $2, 656, 382
Add back nonfund transactions:
Provision for depreciation -------- $5, 262, 336
Provision for locks overhaul ---------- 1, 040, 800
Amortization of slide hazard 200, 000
Miscellaneous ----------------------. 50, 261
6, 553. 397
Total funds from current operations ------------ 9, 209, 779
Currently realized proceeds from sale of SS Panama ------- 1, 069, 500'
Excess of market over book value of Canal Zone Government
properties transferred to Republic of Panama under 1955
treaty----------------------------------------------- 372, Ilo
Decrease in accounts receivable ------------------------ 640, 368
Decrease in inventories ---------------------------------- 23, 343
Increase in current liabilities ----------------------------- 145, 164
Appropriation for Panama Canal bridge --- --------------- 750, 000
Total funds provided ---------------------------------- 12, 210, 694





PANAMA CANAL COMPANY


F'cUNE APPLIED:
AcqiI,,itIiun -f I x, I-\J u-.t- .............. ... 7. 73S. 274
L, net plal t r 1i -6 -- ---.-.-. -- .-.---- ... 3111, 10S
7. 427. 866
C,.,t .l' -, rhTiuil of ,c.-i, l I ...k- ....................... .. 2. 7%4 548
Ircrea e iii can- ....................................... I, 791, 211
Irir.a.-e in other current an;.: -..-..... ... 8, 014
P'aama Caial bridge :-xp diture - ...........---------.----- 187, 055
Total urnd- ppl.d..--...----...-..........----------------.----------.... 12, 210, 694

tli1 ( ;,ul '-''. rv t;inJ ,., i/t
-'.iia,. it_ reoIganization on July 1, 1"51, the Panama Canal Company
ha; c:rompleted 7 years of operation without cost to the American
taxpayer. Net revenue for the fiscal year ended June 30, 1958, after
provision for payiiw,.-nt to the U.S. Treasury of $8.8 million interest
on the U.S. G(.v,.-rlrm niri's direct investment, and $10.7 million cover-
ing net co-zt of the (Canal Zone Government, was $2.66 million as
t vminpurenlI with net revenue of $3.82 million for the preceding year.
A to dollar volume of traffic, fiscal year 1958 was the best in the
history of the Panama Canal. Tolls and tolls credits reached an all-
time high of $42.8 million, as compared with the previous highs of
$39.7 million for the preceding year and $37.5 million in 1953. The
decline in net revenue was caused by a sharp rise in operating expenses,
primarily due to wage increases, which more than offset the increase
in tolls.
Net direct investment of the U.S. Government
Certain properties, having an appraised market value of $4.8 million,
were transferred to the Republic of Panama to fulfill treaty obligations.
Additional properties, having an appraised market value of $14.7
million, will be so transferred during subsequent years. Public Law
85-223, approved August 30, 1957, provides for a reduction in the
interest-bearing investment of the U.S. Government for the economic
loss based on market value of such properties transferred and on net
capital loss of certain properties which have become excess due to
the Treaty.
Retained revenue
As provided by section 246 of title 2 of the Canal Zone Code, as
amriended, the Company's retained revenue consists of all net revenue
from :peratioti of the Company and its predecessor, the Panama
Railroad Company (New York), from and after 1904 plus the undis-
trilhjr.ed net revenue prior to 1904. All capital repayments made to
the U.S. Government by both corporations are treated by law as re-
payments of the Government's direct investment in the Company and
serve thereby to reduce the interest-bearing portion of the Govern-
ment's equity. The amounts thus applied to date are shown in Table 2,
Comparative Statement of Equity of U.S. Government.
Retained revenue, exclusive of a $10 million emergency fund held by
the U.S. Treasury, increased from $85,564,383 at June 30, 1957, to
$88,548,430 at June 30, 1958. The composition of retained revenue
is detailed in Table 2, Comparative Statement of Equity of U.S.
Government.






FINANCIAL REPORT AND STATISTICAL DATA


Table 1.-Statement of Financial Condition, June 30, 1958


Assets
CURRENT ASSETS:
Fund balances with U.S. Treasury and cash:
Fund balances:
Checking account .---- $26, 862, 697
Allocation from U.S.
Government agen-
cies-------------- 8, 905

Cash in commercial banks, on hand and
transit---------------.---.....-.. .


$26, 871, 602

3, 892, 555


Notes receivable --------------------------------------.

Accounts receivable:
Canal Zone Government -------------- $1, 387, 436
Other U.S. Government agencies -------..... 513, 374
Others------------------------------ 1,438, 172

Inventories, principally at average cost
(table 7):
Materials and supplies, less allowance of
$1,047,906 for excess, obsolete, and in-
active stocks -------.---------------- $4, 491, 880
Merchandise held for sale ------------- 3, 412, 911


$30, 764, 157

1, 069, 500


3, 338, 982






7, 904, 791


Other current assets---------------------------------- 201, 339

Total current assets-------------------------------- 43, 278, 769

LONG-TERM NOTES RECEIVABLE ---- ---------------------- 2, 139, 000

FIXED ASSETS (note 1 and table 8):
Cost ....---------------------------------. $598, 011, 736
Less depreciation and valuation allowances-- 185, 562, 286
412, 449, 450


PANAMA CANAL BRIDGE:
Fund balance with U.S. Treasury ---------- $590, 382
Construction work in progress --------------............ 159, 618


750, 000


DEFERRED CHARGES AND OTHER ASSETS-----------..-...--.....-------.... 4, 044, 907


462, 662, 126






PANAMA CANAL COMPANY


Table 1.-Statement of Financial Condition, June 30, 1958-Continued
Liabilities and equity


I.' nI;r lR ; Li rI ILITIF ::

l' S ;i *:ron t .'iL -rcies ..- .. ..-.
I tIIbT -r. -...... .......- ---- .. ------

Du-. U S. Trj-iIrv-
Ne ,:t -:.t t i,.,I Z.on Government .---
Interest on net direct investment -------
Annuity payment to Republic of
Panama ---------------------------


$1,355,164
2,349,927

$1,644,310
710,994

35, 833


Accrued liabilities:
Salaries and wages ------------------- $1,794, 103
Employee's accrued leave ----.---------. 6, 606, 940
Damages to vessels ------------------- 463,833
Others------------------------------------- 432,230
Customers' deposits and advances (includes
Army funds of $8,905)-------------------------------


$3,705,091


2, 391, 137




9,297, 106

345, 149


Other current liabilities ---------------------------------- 315, 030

Total current liabilities -------------------------------- 16, 053, 513


RESERVES:
Periodic overhaul of canal locks ------------
Noncapital costs of power conversion -------

EQUITY OF U.S. GOVERNMENT (note 2 and table 2):
Net direct investment, interest-bearing ------
Retained revenue, noninterest-
bearing ------------------- $98, 548,430
Less fund on deposit with
U.S. Treasury, available
on loan basis without in-
terest ----------------- 10,000, 000

Panama Canal bridge---------------------


$1,448,531
4, 000,000


5,448,531


$351,861,652





88,548,430

750,000
441,160,082


462,662,126


The accompanying "Notes Pertaining to Financial Statements" are an integral
part of this statement.





48 FINANCIAL REPORT AND STATISTICAL DATA
NOTES TO FINANCIAL STATEMENTS, JUNE 30, 1958
1. Fixed assets.-Fixed assets generally are stated at cost, or if
acquired from another Government agency at original cost to such
agency. Valuation allowances have been established in accordance
with sections 246 and 412 of title 2 of the Canal Zone 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-totaling $89.4 million and interest
during original construction aggregating about $50.9 million; and (2)
to reduce to usable value the cost of those fixed assets transferred to
the Company from The Panama Canal (agency) at July 1, 1951. De-
preciation or amortization allowances have not been provided on
certain assets-land titles, treaty rights, and excavations of channels,
harbors, basins, and other works-costing about $281 million based on
historical practice and a construing of the Canal Zone Code as not
requiring the depreciation or amortization of such costs. Deprecia-
tion allowances on all other fixed assets are accumulated on a straight-
line group basis; losses or gains on retirements generally are charged
or credited to the accumulated allowances.
2. Equity of the U.S. Government.-The equity of the U.S. Govern-
ment in the Company consists of the net direct investment, established
in accordance with section 246 of title 2 of the Canal Zone Code, and
the retained revenues. The Company is required to pay interest to
the U.S. Treasury on the net direct investment at a rate established
by the Secretary of the Treasury. The rates for 1958 and 1957 were,
respectively, 2.482 and 2.485 percent.
An emergency fund of $10 million is available in the U.S. Treasury
from which the Company may borrow funds for authorized purposes
on an interest-free basis for limited periods. The fund was estab-
lished by the predecessor Company in June 1948 out of retained rev-
enues pursuant to section 254 of title 2 of the Canal Zone Code.
Public Law 85-223, authorizing the transfer of properties to the
Republic of Panama pursuant to the 1955 treaty, provided for a re-
duction in the net direct investment of the U.S. Government of the
market value of the properties-aggregating about $14.7 million-and
of any capital losses sustained in the relocation or disposal of facilities
resulting from the treaty. The net direct investment was reduced
$4.8 million during fiscal year 1958 representing the market values of
the properties transferred to Panama during the year.





PANAMA CANAL COMPANY


Puillic Law 753, S4th Con"',rress, directed the Company to construct,
maintain, ani :'p,,rrit.' a l,.i'h-level bridge across the canal at Balboa;
the *o.ts of .ontrIucti'in iInd of maintenance and operation to be
trpatil a-s .xtraordtniiary ..*ots incurred through a directive based on
national poli.y aud tot related ti. the operations of the Company. An
appropriation of 7.511,01i0 fi.r planning and engineering studies was
inaIdl in fi.-al yo'ar I'.1S. An additional appropriation of $19,250,000
I'or <.:nstru.tin I:. toI h, I iue b.'. ame available on July 1, 1958.
:; (',,,,/,. ., .,-It ,il,./ a 1,b/ 1 dies.-The Company has outstanding,
:lt all times, contingent and continuing liabilities in indeterminable
a tiiiunts arising principally from monthly relief benefits payable to
retired alien employees; benefits payable under provisions of the
Fd-r.al Employees Compensation Act; commitments for construction
'A n)i k, s.ippli.-, and services; and pending suits and claims.
The relief payments to be made to retired alien employees in fiscal
year 1959 are estimated at $1.9 million. Commitments under un-
completed construction contracts and unfilled purchase orders
amounted to about $8.5 million at June 30, 1958. The maximum lia-
bility which would result from outstanding claims and lawsuits is esti-
mated to be about $3 million.
Public Law 85-550, approved July 25, 1958, bringing non-U.S.-
citizen employees under the civil service retirement system resulted
in a payment to the U.S. Civil Service Commission of about $4.9
million for retroactive costs to June 30, 1958. These costs will be
recorded as an adjustment of retained income.
The Company held at June 30, 1958, negotiable U.S. Government
securities in the face amount of $770,000, deposited by customers to
guarantee payment of tolls and other charges and, on behalf of the
Canal Zone Government, securities in the face amount of $391,500
to guarantee payment of possible judgments rendered against insur-
ance companies operating in the Canal Zone.






50 FINANCIAL REPORT AND STATISTICAL DATA

Table 2.-Statement of Equity of U.S. Government, June 30, 1958

NET DIRECT INVESTMENT:
Capital stock in Panama Railroad Company -------------- $7, 000, 000
Valuation of net assets transferred from The Panama Canal
(agency) -..----------------------------------------.--- 402, 176, 883

Gross direct investment ---------.------------------------....... 409, 176, 883

Less dividends and other charges deductible from direct in-
vestment:
Capital repayments to U.S. Treasury:
Prior to June 30, 1951 ---..-----------------------.....23,994, 905
Subsequent to June 30, 1951 --------------------- 15, 000, 000
Appraised value of properties conveyed to the Republic
of Panama without reimbursement:
Dec. 16, 1943 ..... ------------------------------ 11, 759, 956
Nov. 7, 1957 ----------------------------------- 4,820,000
Property transfers, other U.S. Government agencies, net 1, 740, 370

Total deductions --------------------------------- 57, 315, 231

Net direct investment--------------------------------- 351, 861, 652

RETAINED REVENUE:
Retained revenue at July 1, 1951 ------------------------. 71, 136, 026
Net revenue subsequent to July 1, 1951 --------------------- 22, 812, 635
Extraordinary (charges) and credits to retained revenue:
Net gain on sale of SS Panama ----------------------- 4, 272, 104
Excess of market over book value of properties trans-
ferred to Republic of Panama under 1955 treaty:
Panama Canal Company properties --------------- 3, 955, 125
Canal Zone Government properties --------------- 372, 540
Provision for noncapital power conversion costs -------- (4, 000, 000)

98, 548, 430
Less fund held by U.S. Treasury ------------------------ 10, 000, 000

Retained revenue..-------------------------------------- 88, 548, 430

PANAMA CANAL BRIDGE......---------...------------------------- 750, 000

EQUITY OF UNITED STATES GOVERNMENT ...-------------------- 441, 160, 082

The accompanying "Notes Pertaining to Financial Statements" are an integral part of this statement.






PANAMA CANAL COMPANY


Table 3.-Statement of Revenue and Expenses. Year Ended
June 30, 1958


[I i. L \ U c
l .,r, ,1 1' l. .........- - - -
'r-. t f.i,,r oll oi i z'. Govern-
o-. 1 --... -l. -
S' ?. ,:, =er ,., . --- -----
l .it, lol' c. .ir r ... -- --

Total revenue--------------

OPERATING EXPENSES:
Direct expenses and interdivi-
sional sales and services ..-
Cost of commodities sold ------
Depreciation ---_------------

Total operating expenses ..---
Less interdivisional sales and
services-..----------------

Net operating expenses ------

OPERATING INCOME--------------


Total
$41, 843, 525

990, 481
17,706, 260
19, 970, 846
2,599,497

83, 110, 609



56,592,645
13,361, 199
5,140, 134

75,093, 978

20, 871, 875

54, 222, 103

28,888, 506


Canol
operations
(table 4)
$41, 843, 525

990,481

3, 694, 093


46,528,099



19,029, 933
-- -------
2, 030, 610

21,060,543

1, 332,584

19, 727, 959

26, 800, 140


Supporting
service
operations
(table 5)
-----------


$17, 706, 260
16, 276, 753
2, 599, 497

36, 582, 510



37,562,712
13, 361, 199
3, 109, 524

54,033, 435

19, 539, 291

34,494, 144

2,088, 366


GENERAL CORPORATE EXPENSES:
Net cost of Canal Zone Govern-
ment (table 3, Canal Zone
Government financial state-
ments) -------------------- 10,737, 194
Interest on net direct invest
ment of the U.S. Government- 8, 778, 560
Administrative and other ex-
penses (includes $122,202 de-
preciation) (table 6) --------. 6, 716, 370

Total general corporate ex-
penses ------------------ 26,232, 124

NET REVENUE ------------------- 2, 656,382

The accompanying "Notes Pertaining to Financial Statements" are an integral part of this statement.







52 FINANCIAL REPORT AND STATISTICAL DATA

Table 4.-Statement of Revenue and Operating Expenses, Canal Oper-
ations, Year Ended June 30, 1958

REVENUE:
Canal tolls .... -----------------------------------------------------------.. $41,843, 525
Credit for tolls on U.S. Government vessels....---- -------------------------------.. .. 990,481
Harbor pilotage, tug, launch, and other services---------------------------------- 3,694,093
Total revenue ................------------------------------------.---------------------... 46, 528, 099

Direct
expense
and inter-
divisional
sales and Depreci-
OPERATING EXPENSES: services action
Navigation services and control--------..-------- $6, 391, 727 $261,070
Locks operation and maintenance------------------ 5,717,016 1,224,798
Provision for periodic overhaul of locks ----------.......... 1,040,800 -
Dredging of channel and harbors---------------- 2,972,002 356,517
Amortization of cost of removing slide hazard .------ 200,000 ---------
Meteorology and hydrography ------------------ 383, 188 8, 724
Operation and maintenance of dams, reservoirs, and
spillways ---------------------------------- 81, 710 115,573
Operation and maintenance of ferry across canal.. 522, 062 52, 297
Annuity to Republic of Panama (repayment to
U.S. Treasury) ---------------------------- 430, 000 ------
Damage to vessels ---------------------------- 355,658
Other operating expenses ------------------------- 935, 770 11,631
Total operating expenses--...........------------...------........ 19,029, 933 2,030, 610
$21, 060,543
Less interdivisional sales and services --------.......---.....------------.. ... 1,332, 584
Net operating expenses -------------------------------------------------- 19,727,959
OPERATIN INCOME (table 3)-----................-------..----------...................---------------..........-----------... 26,800,140








Table 5.-Statement of Revenue and Operating Expenses, Supporting Services, Year Ended June 30, 1958

*cvctnuet '.''r.,,, ,; i p


Hales of
SUPPORTING SERVICES: commod-
Maritime services: tiles
Marine terminal operations---- --------..
Vessel repairs operations ----------------------- .........
Hotel Washington operations ------------...-- $25, 457

Total maritime services ----.--.... .---...... 25,457

Employees' services:
Commissaries ---------------------------....._ 13, 230, 516
Service centers....------------------. ----- 2,902,977
Housing operations:
U.S.-rate quarters.--------------------- -
Local rate quarters ------------ .........


Total employees' services .-..----.__

Transportation and utilities services:
Railroad ---- --------------....- .....
Motor transportation .-------------...-.. .- _.
Steamship line -----------------------------...
Power system .--- ------------.-.........--
Communication system -............. ....
Water system............----------------------

Total transportation and utilities services ....

Other supporting services:
Engineering and maintenance services.....-
Supply operations ........--------- ...-........
Scrap operations ----...-..... .. .......
Procurement division --- ------......
Tivoli Guest llouse---..................-..
Printing plant .......-- ........
Grounds maintenance........................

Total other supporting services.....___........

TOTAL OPERATI.N INCOME (table 3)-............---------


Sales of
services
$4, 758,776
1,537,238
38, 544

6,334, 558


Rental of Total
quarters revenue
------- $4, 78, 776
----.--- 1,537,238
---------- 64,001

-------- 6,360,015


Direct
expenses
and inter-
divisional
sales and
services
$4, 249,170
2, 684, 455
29,024

6, 962, 649


Cost o
common l
iles sol


$13,"24i

13, 2 -


168,728 ...- ----- 13,399,244 5,214,370 10,493,1 ',
265,206 ---------- 3,168,183 1,405,755 1,786,6'.


16,133,493 433, 934


.-------- 818,704
.--------- 124,665
46, 941 4,630,631
---------- 1,415,824
--------- 293,317
--.-----.- 1,155,122

46, 941 8, 438, 263


-------- 694,706
1,082,458 20,620
161,415 880

256, 49Ii 133,816
------.-. 18,237
------- 201,739

1,500, 369 1, 069, 998

17, 706, 260 16,276,753


1,972,651 1,972,651 993,822
626, 846 626, 846 509, 828

2,599,497 19, 166, 924 8,123,775


...--.- 818, 704 1,393, 848
-------- 124, 665 1,448,640
-...---..- 4,677,572 5, 948,511
--------- 1,415,824 1,750,292
293,317 449,169
----- 1,155,122 939,031

----.... 8,485,204 11,929,491


--------- .-

12, 279, 7' .




21, S .



21,8 r.


1'.,.,*.


,75


/., .'.. ,r .


I1 1.. ,
Io '* .7
I2 21
I "":

I '


It II .:7
I '. I1.'.


* I I : II


1~~'~'''


74
t*I IA'


I 1* 11. ' I 1- .I1 I 1
17 aSI I I 2


"; ',
I "i

".- -%'




1 L1 1 .
e. J-
24', .?"
l 7: I'+"


I 1 I


l l' 1" ~l
I I II"




.4. F.
4 l e.I
1,. .

I .1
I 4.**


'.1 .'


S.-r.. I .







,1 4 1 '.'
''IIl 'II'


.....----- 694,706 4,682,462 i' 7' I .. *' 11 '.2 .' 1' 1
--------- 1,103,078 3,969,428 829,0: .4 .* ',-.' I 4 I4 I.
.......-------- 162,295 44,183 85,8'. '1 I" I i. :. -:.
------- -------- 243,977 -------. *- 1 .11 1.
-.....------ 390,312 272,995 131,4.,r I .'.. : .. '- 11
------.... 18,237 338,664 ......- I I12 1. 1 3.'" l.i
......------- 201,739 995,088 .----.... 26,514 847,383 174,219 27,520

......------ 2,570, 367 10, 546, 797 1,046, 293 274, 476 9, 670, 865 2,196, 701 373, 666

2,599,497 36, 582, 510 37, 562, 712 13,361,199 3,109,524 19, 539, 291 34, 494, 144 2,088,366


- - - -






FINANCIAL REPORT AND STATISTICAL DATA


Table 6.-Administrative and Other General Expenses, Year Ended
June 30, 1958

ADMINISTRATIVE EXPENSES UNDER STATUTORY LIMITATION:
Comptroller's office and staff------------------------------- $1, 901, 919
Personnel Bureau----------------------------------------- 526,648
President's office and staff----------------- 507, 727
Administrative Branch------------ ------------- 318, 262
Office of the Secretary------------------------------------- 67, 624
Provision for General Accounting Office audit services -------- 97, 329
Board of Directors' expenses ------------------------------- 15, 846
Consultants and advisers ---------------------------------- 7, 734
Branch accounting offices ---------------------------------- 263, 898
Office of Marine Director -- --------- 98, 851
Office of Engineering and Construction Director --------- 118, 494
Office of Supply and Employee Service Director -------------- 71, 612
Office of Transportation and Terminals Director------. 47, 232
General and special engineering services --------------------- 158, 404
Apprentice program------------ --------------------------- 67, 810
Public services ------------------------------------------- 76, 211
Maintenance of Company buildings ------------------------- 147, 024
Duplicating unit ------------------------------------------ 72, 130
Alien cash relief ------------------------------------------ 1,867,919
Employees' States travel ---------------------------------- 673, 806
Recruiting and repatriation -------------------------------- 200, 485
Death and disability compensation------------------------- 88, 669
Provision for retroactive pay adjustment -------------------- 146, 041
Leave liability variation -------------------------------85, 365
Contribution to Federal employees' government life insurance-- 59, 232
Other miscellaneous expense ------------------------------- 31,833
Depreciation --------------------------------------------- 99, 639

Total ------------------------------------------------ 7,817,744

OTHER GENERAL EXPENSES NOT UNDER STATUTORY LIMITATION:
Branch Accounting Office ----------------------------------...70, 715
Inventory reserve expense --------------------------------- 170,000
Noncapital losses resulting from treaty implementation -------- 467, 427
Provision for retroactive pay adjustment ---------- 247, 986
Leave liability variation ----------------------- 70, 758
Other miscellaneous expenses ------------------------------- (113, 306)
Depreciation --------------------------------------------- 22, 563

Total ------------------------------------------------ 936, 143

Total administrative and other general expenses------------ 8, 753, 887

LESS REVENUES AND OTHER CREDITS:
Revenues------------------------------------------------ 287, 835
Administrative expenses assessed to Canal Zone Government--- 750, 000
Distribution of alien cash relief ----------------------------- ',,... 554
Other transfers of costs ------------------------ ------ 33, 128

Total revenues and other credits -------------------------- 2, 037, 517

NET ADMINISTRATIVE AND OTHER GENERAL EXPENSES (table 3) ---- 6, 716, 370





PANAMA CANAL COMPANY


Table 7.-Inventories, June 30, 1958

M\IATL.i.iLi AND SUPPLIES:
Storehouse Branch:
General materials and supplies ------------------------- $3, 793, 239
Petroleum products ----------------------------------- 167, 190
Scrap ----------------------------------------------- 213,237
In transit to isthmus --------------------------------- 306, 329

4, 479, 995

Other divisions' stock:
Dredging Division ------------------------------------ 99, 471
Commissary Branch ---------------------------------- 86,570
Locks Division ---------------------------------------....104, 259
Railroad Division ------------------------------------ 186, 589
Construction and maintenance activities ----------------- 162, 158
Water system ---------------------------------------- 57, 557
Steamship line --------------------------------------- 67, 443
Industrial Division ----------------------------------- 36,003
Terminals Division ----------------------------------- 96, 817
Motor Transportation Division ------------------------- 58, 992
Printing plants --------------------------------------- 3,012
Electric power system --------------------------------- 45, 937

1,004,808

Manufacturing and repair work in progress:
Industrial Division ----------------------------------- 54, 755
Other units ------------------------------------------ 228

54,983

5, 539,786
Less allowance for losses ----------------------------------- 1, 047, 906

Total materials and supplies -----------------------------4, 491, 880

MERCHANDISE HELD FOR SALE:
Commissary Branch:
In warehouses and in stores --------------------------- 2, 648, 775
In transit to isthmus ---------------------------------- 590, 536

3, 239, 311
Service centers ------------------------------------------- 162, 488
Tivoli Guest House --------------------------------------- 6, 798
Steamship line ------------------------------------------- 4, 314

Total merchandise held for sale -------------------------- 3, 412, 911

TOTAL INVENTORIES (table 1) ---------------------------------- 7,904,791













Table 8.-Changes in Fixed Assets and Related Allowances for Depreciation and Economic Valuation,
Year Ended June 30, 1958

Fixed assets


CANAL AND OlIIIER MARINE FACILITIES:
Lands, titles, and treaty rights:
Treaty payments to Republic of Panama, 1901 ----------------.-.-........-
Depopulation of Canal Zone _--_.-. ------- ------- -----...-..... ..... ..... ....
Lands owned in fee, Colon, Republic of Panama---------------------------

Total lands, titles, and treaty rights ..--------------.........-------..--------.....

Interest during construction ------- ..- ........ -.. . . --------... -.. ...- .. .... ......

Canal excavation, fills, and embankments:
Canal channel, harbors, and basins -- ---------------- -----------
Dams---------------------. ----------------- -------------- - -- -- --.. ..........
Locks, excavations-------------------------------------------.-----.....-..........
Breakwaters---------------...--------------------------...--------_____.....
Spillways---- ------------------------------------------- ----------

Total canal excavations, fills, and embankments --------------------------.....

Canal structures and equipment:
Locks Division -------------------------------------- --
D redging D division -- -------- ----- --................. ... ..... ... .... .
Dams and spillway structures----
Port Captains, Balboa and Cristobal. ------.------ -- --...............
Aids to navigation ---- .- ... .. _______... ..... .....
Meteorological and Hydrographic Branch ---------------------------------------.
Ferry facilities ----------------------------------- ... ..- .. ......
Industrial Division salvage depot---
Engineering Division --... -- ----.- --.. -. .. ___._.. ___._._. __._. ____

Total canal structures and equipment-------------------------...............

Total canal and other marine facilities -----------_----------_-------------.---
OTHER MARITIME FACILITIES:
M marine Term inals Division ---- - --. ... . . . . ... .. .......
Industrial i ..**....
H otel W' :. r,-.i .. ..... .......

Total other maritime facilities .....----............ .---.-.-- .._-_-__. -- .....__._-_..


Balances
June 30, 1967
$10,000,000
4,728, 889
1, 552, 500

16,281,389

50,892,311

227, 628, 057
14, 999, 298
11,613,816
9, 287,095
1,733,999

265,262,265

79,336, 149
12, 591,718
10, 033, 351
5, 818, 153
3,092, 328
194,087
1, 619, 434
242, 572
36,198
112,963, 990

445,399, 955

17, 500, 504
6, 550, 209
763,041


Current addi-
tions Adjustments


.... ($27, 658)

------- (27,658)



$1,041,285 --..........




1,041,285 0 --------

64,195 ......-..- .
28,168 (668)

36, 409 --.---......
8,946 74,610
3,004 .--..._-....
..-......-.. --........-
------------ _-------- --
5,076 ..--------........--

145,798 73,942

1, 187, 083 46, 284

239,641 -__-
12, 735 3,888
- - - - - - - - - -


24, 813, 754 252, 276 3,888


Balances
Transfers Retirements June 30, 1958
..------....... ----------. $10,000,000
..---------- ---------- 4,728,889
($539,960) ......-..... 984,882

(539,960) --------- 15,713,771
------------ ------------ 50,892,311


---------- -------. .. 228,669,342
------- ------- 14,999,298
.....---------. --..---. 11,613,816
-------- ------ 9,287,095
------. ------ 1,733,999

--..----. ------ -- 266,303,550

4, 415 ($148, 750) 79, 256, 009
(1,546, 645) (601,231) 10, 471,342
--.----- ------. 10, 033,351
1,155,674 (34, 718) 6,975,518
64,252 (16, 227) 3, 223,909
157 ------------ 197,248
328, 769 --..----------. 1, 948, 203
10,274 (2,360) 250,486
3,920 (1,998) 43,196

20, 816 (805, 284) 112, 399, 262

(519,144) (805, 284) 445, 308, 894

(98, 358) (115,991) 17,525,696
(246, 635) (497, 346) 5,822,851
(763,041) ........................

(1,108, 034) (613, 337) 23,348,547







SUPPORTING AND GENERAL FACILITIES:
Transportation and utilities:
Panama Railroad ---------------------------------------------------------------
Motor Transportation Division ---------------------------------------
Steamship line -------------------------------------------------------
Power system------------------------------------------------------------------
Communication system -------------------------------------------------
Water system ----... ------------------------------------------------

Total transportation and utilities ................-----------------------------------

Employee services and facilities:
Commissary Division -------- -------------------------------------
Service centers ----------------------------------------------------
Housing Division....----.....................-------------------------------------------------

Total employee services and facilities -------------------------------

Other supporting services:
Tivoli Guest House..----------------------------------------------------------
Printing plant --.__-- ----------- ----------------------------------------
Grounds maintenance -------------------------------------------------
Engineering maintenance.--.---..................................----------------------------------------
Storehouse Division -----.-------------------------------------------

Total other supporting services ... ...---------------------------------

General facilities:
Miscellaneous Company buildings ---------------------------------...................................
Miscellaneous office equipment-Isthmus ----------------------------------------
Miscellaneous office equipment-New York Office ------------ --- --------

Total general facilities......................----------.....----------------------------------.-----------

Total supporting and general facilities----..................-----------------------

Total fixed assets in service ---------------------------------- ---------

FACILITIES HELD FOR FUTURE UE. --------------------------------.........................------------------

CONSTRUCTION AND RETIREMENTS IN PROGRESS:
Construction work ---------------------------------------------------------
Retirements...............................................-----------------------------------....---.............-------------------....

Total construction and retirements in progress ----.....----------------------------------


11,736,543
2,313,491
0,147,346
21,219,240
2, 828, 237
10,664, 850

57,909,707

i, 578, 570
3,371,165
34, 132, 506

44, 082,241

422, 104
332,073
322, 716
2, 759, 738
3, 675, 6878

7,512,509

2, 933, 957
1, 058, 700
48, 062

4,040,719

113,545,176

583.758, 885

1,516,056

7, 414,878
3, 269. 547

10, 684, 425


6,157
140,924
12, 780
41,601
60,259
50, 384

312,105

77,179
9,029
179, 767

265, 975

814
8, 438
2, 137
49, 799
93, 803

154, 991

16, 959
16, 303
5,572

38, 834

771,905

2,211, 264

-----------


(7 .. . r

-- --.--, '
(14,79e ........... ..'" .1 ,' .I

(14,7 .6 .

35,7 '

(55,2(. I t i t ,:' *, ', 2 ,,:'.

( 1 9 5C I ' i ; ,'l i 1I ,2. I S




10- .' ;:.- .. 1

1,1- -.- -. .., .-- -



- --- 79 94,083 (234,713) 2 -"I- :*
798 (12, 717) (2,009) 1,', 1 ,' *
- (539) ---------- 53,095

798 80, 827 (236, 722) 3, 924, 456

(32, 296) (2, 552, 290) (1,761,775) 109, 970, 720

17, 876 (4, 179, 468) (3, 180, 396) 578, 628,161

(2.005,317) 4,223,103 (366,436) ." Ir ..


5,264,865 (1,579) ----------
(221,827) -----------

5,043,038 (1,579) -----.......


290, 285

290. 285


12, 678,164
3, 338, 005

16, 016, 169















RESERVE FOR EARLY RETIREMENT OF 25-CYCLE POWERPLANT .......---------------- --
Total fixed assets in service, construction and retirements in progress, facilities held
for future use and reserve---------------------------------------------------------

DEFENSE FACILITIES AND SUSPENDED CONSTRUCTION PROJECTS:
Defense facilities:
Canal defense property-- ---------------------------------------------------------
Navy reserve ship repair aclell ies ------------------. -....- ----------------
Total defense facilities ---------------------------------------------------------

Suspended construction projects:
3d set of locks ------------------------------------------------------------------
Isthmian sea level canal studies, 1947 --------------------------------------------
Total suspended construction projects -----------------------------------------

Total defense facilities and suspended construction projects -------......----------
Totals ...- ----------------------------------


Table 8.-Changes in Fixed Assets and Related Allowances for Depreciation and Economic Valuation,
Year Ended June 30, 1958-Continued
Fixed assets


Balances Current addi-
June 30, 1957 tions
----- --- --- ---- --------

$595, 959.366 $7, 254,302


37,624,715 -----------
9,019,491 ------------

46, 644,206 ----- -----


38,197,203
4, 622,738

42,819,941

89,464.147

685,423, 513


Balances
Adjustments Transfers Retirements June 30, 1958


($1,989,020) $43,635 ($3, 256,547) $598, 011. 736


.------. (41,485)
(43,635) ...------

(43,635) (41,485)


37,583, 230
8,975, 856
46,559,086


---- --- --- --- ---- --- --- --- ... .-- .-- 38,197,203
...... '..... .---- -------- - -.------ 4,622,738
..------------ ----------- ------------ 42,819,941

---..---.- ----..---- (43,635) (41,485) 89,379, 027

1 7, 254, 302 (1, 989.020) ...... (3, 298, 032) 687, 390, 763


See footnote on p. 61.







('AvAL AND OTHER MARINE PACILITTEs:
Lands, titles, and treaty rights:
Treaty payments to Republic of Panama, 1904.......-------------
Depopulation of Canal Zone-................................
Lands owned in fee, Colon, Republio of Panama -.-......... ...

Total lands, titles, and treaty rights -----. .......-


Allowances for depreciation and economic valuation


Balances Current de-
June 30, 1957 preciation Adjustments


Transfers


Retireme ,


-- ------------ ------------
Interest during construction-....... ---------------------------------........... $50, 892, 311 ..........

('anal excavation, fills, and embankments:
Canal channel, harbors, and basins ......------------ ------.....___. ---
Dam s------------------------------ - - - - --.. .... ... .....-.
Locks, excavations ------------------------ ...- ---------- ---------
Breakwaters --------------------- ..--. .. .... ... -. -- .-- .
Spillways... ------------------ ------- ----------------------- ---------

Total canal excavations, fills, and embankments ..........------------ ------------ ----------


Canal structures and equipment:
Locks Division
D redging D division ----- - - - ------ -------------------------"
Dams and spillway structures ---..
Port Captains, Balboa and Cristobal ..-.........- ...............
Aids to navigation -------------------------..........--
Meteorological and Hydrographic Branch ....... ...............
Ferry facilities----. ............ ... .. ... .... .. ....
Industrial Division salvage depot-....
Engineering Division... --------- ....--- ..........

Total canal structures and equipment...........--------------------........

Total canal and other marine facilities------------...........- .....

OTHER MARITIME FACILITIES:
Marine Terminals Division-- ......---
Industrial Division -..................- .......
Hotel Washington -------------...--------.. ..----------------... ...

Total oili her maritime facility les-..----------.............................


34, 326, 818
6, 589,624
3, 405, 235
4, 134,906
1, 645,313
102, 712
1, 252, 506
157, 557
19, 583

51, 634, 254

102, 526, 565

12, 555,830
4,342,190
580,120

17,478,140


$1,224, 798
356,517
115,573
182, 714
78,356
6, 745
52, 297
11,631
1,980

2,030,611

2,030,611

400 fl.7

3,320

497, 252


($655)

41, 494




40, 839

40, 839


$3, 608
(694, 373)
658, 926
46,378
296

8,413
2,711

25, 959

25, 959


$2, 085 35, 557, 309
(604,523) 5, 646, 590
.-----.-.-- 3, 520, 808
(34, 901) 4, 941,645
(14, 764) 1, 796, 777
1--- ---- 9,753
---- .------ 1,304,803
(2,373) 175,228
(1, 984) 22, 290

(656, 460) 53,075, 203

(656, 460) 103, 967, 514


(66,571) (119,425) 12,769,891
(106, 699) (504, 457) 3, 824, 909
(583, 440) ---------- -----------

(756, 710) (623, 882) 16, 594, 800


228, 669,342
14, 999, 298
11,613,816
9,287,095
1, 733, 999

266, 303,550

43, 698, 700
4, 824,752
6, 12,643
2, 033, 873
1, 427,132
87.,495
643,400
75,258
20,906
59, 324, 059

341,341,380

4, 755,805
1 ye .'

6, 753, 747


I,, . :, 4 I ,.
9 I, il.lli ,,i .
.... .. . i. '

--- 15,------.-

$50,892,311 -----


-- - ---- -- - --- -----------... .. ..

- - - - - - - - - - -
















Table 8.-Changes in Fixed Assets and Related Allowances for Depreciation and Economic Valuation,
Year Ended June 30, 1958-Continued


Allowances for depreciation and economic


SrPPORTINn AND GENERAL FACILITIES:
Transportation and utilities:
Panama Railroad ------------..............--------.--------------...
Motor Transportation Division......................----------------------------
Steamship line -----------------------------------------------
Power system.--------.......---------------------------------
Communication system -----------...........-----------------------
Water system------------------------------------------------
Total transportation and utilities -----------.....-------------....

Employee services and facilities:
Commissary Division -----------------------------------------
Service centers ----------------------------------------
Housing Division-----... ----------------------------------

Total employee services and facilities--..........---.....----------------..

Tlvoil Guest House ---------------------- ---------------------
Printing plant -----------------------------------------------
Grounds maintenance ------------------- ------------
Engineering maintenance.--------------------------------------
Storehouse Division-------------------------------------------

Total other supporting services --- ---------------------------------
General facilities:
Miscellaneous Company buildings ---------------.........................
Miscellaneous office equipment-Isthmus --........------------
Miscellaneous office equipment-New York Office...------..........-------..
Total general facilities ..................--.....-----.............--

Total supporting and z. '-ial i. lia u.:. . .......... ...........

Total fixed assets in service..--.......---..........-------..........------------

FACILITIES HELD FOR FUTURE USE..................... --------------


Balances
June 30, 957
$10, 286, 976
1, 244, 080
6,228,515
9, 410, 898
2, 042,594
4,693,942

33, 907, 005

4, 030, 644
1, 133,086
11, 766, 286

16, 930, 016

363, 226
224,887
213, 892
1,742,933
1,784,370

4,329,308

1,815, 746
603, 739
16, 921

2,436,406
67, 602, 735

177, 607,440
754,635


Current de-
preciation
$79, 388
235,022
167.,836
582, 190
63,547
245,226

1, 373, 209

147, 375
93, 551
721,370

062, 296

11,263
13,142
26.514
118,742
103,869

273, 530

65, 564
50, 991
5,363

121, 918

2, 730, 953
5, 258, 816

3,520


Adjustments Transfers

. -........ $I, 620
$118 (40,0950)
(1..------ (6,042)
(1,379) 846
(1, 261) (43,666)


10, 596
(41)
13, 631

24,186


(286, 075)
255
(1,004,016)

(1, 289, 836)

48


valuation Net book
Balances vaune
Retirements June 30. 1958 June 80, 1958


($8,573) $10,357, 791
(73,025) 1, 407,697
(34) 6,396,318
(228,857) 9,724,259
(5,228) 2.094,870
(181,306) 4,757,329

(497,023) 34,738,264

(48,359) 3,854, 181
(54,739) 1,172,112
(581, 360) 10,912, 911

(687,458) 15,939, 204

(a irss\ a', 1,3 1


.------ (4,155) 233,874
75 -- 9,077 249,558
---- 90,632 (101,708) 1,850,599
424 (252,356) (146,357) 1,489,950

499 (161, 676) (246, 539) 4,195, 122

..... 32, 968 (230, 980) 1,683, 298
465 (7,085) (2,006) 646,104
---- (1,033) .------------ 21,251
465 24,850 (232,986) 2,350,653

23,889 (1, 470,328) (1,664, 006) 57, 223, 243

64,728 (2,201,079) (2,944,348) 177,785,557

(1,011,805) 2,244,714 (325,864) 1,665,200


$1,374, 824
953, 902
2,763,702
11, 174,046
781,351
5,765,342

22, 813, 167

2,095, 150
2, 155, 217
21,113,044

25, 363,411

48,524
101,586
72, 272
1,031,349
1,743,365

2, 997,096

1,126,988
414,971
31, 844

1, 573, 803
52, 747, 477

400, 842, 604
1,702,206







CONSTRUCTION AND RETIREMENTS IN PROGRESS:
Construction work.---------....................------------.----......---------.....-------
Retirements------.............----------------------------------------------

Total construction and retirements In progress .........................-------

RESERVE FOR EARLY RETIREMENT OF 25-CYCLE POWERPLANT.............

Total fixed assets in service, construction and retirements in progress,
facilities held for future use and reserve ---..........................----

DEFENSE FACILITIES AND SUSPENDED CONSTRUCTION PROJECTS:
Defense facilities:
Canal defense property ............----------------------------------....
Navy reserve ship repair facilities...................................--------

Total defense facilities ............................................--

Suspended construction projects:
3d set of locks -----------------------......----..........
Isthmian sea level canal studies, 1947---- --------------

Total suspended construction projects.. -----------

Total defense facilities and suspended construction projects --.....-

Totals.............................................-........-.....-


3, 269, 47------------
3, 269, 547


2,828,317


184, 459, 939



37,624,715
9, 019, 491

46, 644, 206


38, 197, 203
4, 622, 738

42, 819, 941

89, 464, 147

273, 924.086


I Current expenditures...-----.......... ------------------------- $7, 476,130
Removal cost, plant retirements .....------------------------------- 88,580

Total....--------------------.......................................----------------------...... 7,564,710
Less salvage credits from plant retirements---.....................------------........ 310, 408

Net....................................................-----------------------------------------------......... 7,254, 302


------------
-- -- - --

------------

------------


5, 262, 336


----- ------
--- - ----

------------



2 5, 262, 336


- - - ------------- -- - - .. . .
........... --------- 68,458 3 3:.,-' ,

-------........................ ------ 68,458 3':.3*,..

----- ----- -- (54,793) 7:3 521


(947, 077) 43, 635 (3, 256, 547) 1 -. 2 2. .,r.



............ ------ (41,485) 17 '" :'.s'
(43, 635) ---------- '..

------ (43, 635) (41,485) 4V '. .....


---------- -- ---- --.................... 38,197,203
-------............---------------------.. 4.622, 738

-----............ ....--- -----.... .. 42,819,941

.-----... (43, 635) (41, 485) 89, 379, 027

(947, 077) ------------ (3, 298, 032) 274, 941,313


.1. ? . ....


- - - -
- - - -

- - - -

- - - -

412, 449, 450


2 Distribution of depreciation:
Canal operations (table 4) ...-------------------------------- $2,030. 610
Supporting services operations (table 5) ----------------------- 3 I,
Administrative and general expenses (table 6)------------------ 1--., 22

Total operations ---------------....................------------.....-----------......... 5, 262,336
The accompanying "Notes Pertaining to Financial Statements" are an integral part
of this statement.







62 FINANCIAL REPORT AND STATISTICAL DATA

Table 9.-Comparative Statement of Financial Condition, June 30, 1958,
and June 30, 1957


Assets
CURRENT ASSETS:
Fund balances with U.S. Treasury and cash -
Notes receivable--------------------------
Accounts receivable ....-------------------
Inventories------------------------------
Other-----------------------------------

Total current assets--------------------

LONG-TERM NOTES RECEIVABLE ---------------

FIXED ASSETS-------------------------------
Less allowances for depreciation ------------

Fixed assets, net..---------------------..

DEFERRED CHARGES AND OTHER ASSETS ..-------


Liabilities and equity
CURRENT LIABILITIES:
Due U.S. Treasury-----------------------
Other accounts payable-------------------
Accrued liabilities ------------------------
Other-----------------------------------

Total current liabilities---------------

RESERVES:
Periodic overhaul of canal locks ------------
Noncapital power conversion costs --------

Total reserves....-------------------------

EQUITY OF U.S. GOVERNMENT:
Net direct investment ---------------------
Retained revenue ------------------------
Panama Canal bridge---------------------

Total equity---------------------------


June 30, 1958
$31,354, 539
1, 069, 500
3,311,545
7,904,791
201, 339

43, 841, 714

2, 139,000

598,198, 791
185, 562, 286

412, 636, 505

4, 044, 907

462, 662, 126


2,391, 137
3, 705, 091
9, 297, 106
660, 179

16, 053,513


June 0S, 1957
$29, 563, 328
1, 069, 500
3,951, 913
7,928, 134
193, 325

42,706,200

3,208,500

595, 959, 366
184,459,939

411,499, 427

4, 148,849

461,562, 976


3,675, 069
3,559,064
8, 061, 388
612, 828

15, 908, 349


1,448,531 3,204,278
4,000,000 ----------

5,448,531 3, 204,278


351,861, 652
88,548, 430
750, 000

441, 160, 082

462, 662, 126


356, 885, 966
85, 564,383

442, 450, 349

461, 562, 976






PANAMA CANAL COMPANY 63

Table 10.--Comparative Statement of Revenue and Expenses, Fiscal
Years Ended June 30, 1958 and 1957


REVENUF-
'.:,lli from commercial vessels --------------
T.:-l!. credits from U.S. Government vessels--
( il.. i services to shipping-----------------
Sales of goods and services-----------------



OPERATING EXPENSES AND DEDUCTIONS:
Payroll and related costs-----------------
Material and other -----------------------
Cost of goods sold -----------------------
Depreciation ....----------------------------
Reimbursement of annuity payments to Re-
public of Panama-----------------------
Net cost of Canal Zone Government --------
Interest paid to U.S. Treasury-------------



NET REVENUE ----_-------------------------


Fiscal year ended June 80
1968 1967
$41,843,525 $38, 513,404
990,481 1, 140, 116
10,054, 108 11, 120,978
30, 222, 495 35, 830, 557

83, 110, 609 86,605,055


38,399, 717
3,498,469
13,347, 951
5, 262, 336

430, 000
10, 737, 194
8,778,560

80,454, 227

2, 656, 382


Table 11.-Statement of Changes in Equity of the
Fiscal Year Ended June 30, 1958


EQUITY AT JULY 1, 1957-----------
Add:
Net revenue for the year__--
Excess of market over book
value of properties trans-
ferred to Republic of Pan-
ama under 1955 treaty:
Panama Canal Company
properties -----------
Canal Zone Government
properties -----------
Appropriation for preliminary
plans of Panama Canal
bridge ------------------



Deduct:
Market value of company
properties transferred to
Republic of Panama under
1955 treaty-------------
Provision for noncapital power
conversion costs ---------
Property transfers, other U.S.
Government agencies, net__--



EQUITY AT JUNE 30, 1958__---------


Net direct investment
$356,885,966


------------

356, 885, 966




4, 820,000

------------

204,314

5,024, 314

351,861,652


37, 511, 021
3, 233,909
17, 262, 958
5, 342, 265

430, 000
10, 135, 514
8, 867, 932

82,783,599

3,821,456


U.S. Government,


Retained revenue
$85,564, 383

2,656,382




3, 955, 125

372, 540


-----------

92,548, 430





4, 000, 000



4, 000, 000

88, 548,-430
88, 548,430


Panama
Canal bridge


$750, 000

750, 000


750,000









Table 12.-Ocean


FINANCIAL REPORT AND STATISTICAL DATA

Traffic Through Panama Canal, Fiscal Years 1948
Through 1958


Traffic assessed tolls
Total traffic on net tonnage basis

Number Number Panama
of Tons of of Canal net
transit Tolls cargo transit tonnage

Commercial ocean traffic


Traffic assessed tolls
on displacement
tonnage basis

Number Displace
of ment
transits tonnage


$19, 956, 593
20,541,230
24.430,206
23,906,082
26,922,532
31,917,515
33,247,864
33.849,477
36,153,842
38,444,128
41,795,905


508 1,755,134
658 2,405,519
443 1,918,785
693 2, 764, 747
774 3,383,900
1,064 5,526, 038
800 3,862,015
296 1,190,367
266 1,215, 883
269 1,117,467
279 972,110


24,117, 788
25, 305, 158
28,872, 293
30, 073, 022
33, 610, 509
36, 095, 349
39,095,067
40, 646, 301
45, 119,042
49, 702, 200
48,124,809


1,520, 569
2,217,495
1,429,283
1,165,986
3,237,311
5,049,922
2,708,380
838,305
1,150,121
922,173
791,310


1948......................--
1949-----------
1950....---- .-- .
1951.....-................-.
1952...... ................
1953- -----
1954 .....-------- .
1955.-- ---------
1956 ----9 --- .-. ..
1957------..........---...
1958....-----------


1948..----------
1949 ..--- ----
1950 --------
1951----------
1952......................---
1953.---------
1954-----------
1955.......---- -----
1956------------
1957.------------
1958...............-----------


1948-........-------
1949........................
1950-........................
1951 ---------
1952. ---------
1953 ........................
1954-...------
1955-........................
1956...............-.........
1957.- ...---------..
1958-.......................


21,711,727
22, 946, 749
26,348,991
26,670,829
30,316, 432
37,443,553
37,109, 879
35, 039, 844
37, 369, 725
39,561,595
42, 768, 015


25, 638, 357
27, 522,653
30, 301, 576
31,239,008
36,847,820
41,145,271
41,833,447
41,484,606
46,269,163
50,624,373
48,916,119


22, 902,064 14 58,398
23,473,236 22 110. 584
28, 013, 236 9 12, 807
27,180, 425 21 54, 639
30, 674, 302 24 107,732
36,678,636 18 77, 638
38,027,812 26 130,810
38, 567. 769 44 136, 9 7
41,202,961 52 126, 233
43,628,210 39 155,055
47,924,345 25 78,691


1, 551,293
2,397, 903
2,095,270
3,056,354
3,665,302
6,146.333
4,254,839
1,184,135
1,286,841
1,086,564
1,020,267


24, 453, 357
25. 871,139
30,108, 506
30, 236, 779
34. 339, 604
42, 824,969
42, 282, 651
39, 751,904
42, 489, 802
44, 714, 774
48,944, 612


857,077
688, 311
281, 542
633,799
521,625
562,186
570,506
341,199
226,813
392, 671
219,938


915,475
708, 895
294, 349
688,438
629.357
639, 824
701,316
478,186
353.046
547, 726
298,629


NOTE.-Tolls were not assessed against U.S. Government traffic prior to fiscal year 1952. Tolls indicated
for such traffic for fiscal years 1948 through 1951 are statistical figures which show tolls value for this traffic
at the prescribed rates.


Government ocean traffic


Total ocean traffic






PANAMA CANAL COMPANY

Table 13.-Traffic by Months, Fiscal Years 1957 and 1958


rr,; ,, ..
rr. ... ,.

1 '.
.I .:.I-

1.4 7,4
.1 .1.
--'ll'l 85 7
:I,:. ,h



9,187 8, 579


r.,d,..o .C ?.',.'vi 'et
f r, ;. ,
I '-' I -57
:,-; .l t ).i ,317

S,1 J. :,; ,743
-.', 1 ? I..1,0842
1. .:,', *' V,- 887
i.;; :' 894
,., 1 : ,745
A,1 '0 I1,139
I I.m*' .:. 4 ,''.,860
,:. i '. '3*", 870
., .. :: 4 ~G 927
;l3, ... :;. -'r1, 888

47, 924,345 43,628,210


Tol
1957-58 1966-57
$3,668, 461 $3,053,909
3,598,726 2,888.019
3,503,564 2.861.467
3,679,870 S :'. -*e
3,522,149 1..r'1A
3,520,572 i. ,'.*',
3,376,306 I'.1, l..'
3,103,608 3,032,647
3,627,699 3,602,541
3, 363,321 3,429,625
3,526, 28 3,551,340
3,305,101 3,484,354

41,795,905 38,444, 128


Average per
month...-------- 766 715 3,993,695 3,635,684 4,010,401 4,141,850 3,482,992 3,203,677

NOTE.-The above includes only commercial vessels of 300 tons and over, Panama Canal measurement,
or of 500 displacement tons and over on vessels paying tolls on displacement tonnage basis.


.l 1. . . . . .
. r r . . . .
r ..b-, r... ....

r .. ...r ....


M .-,A:b ... .....

I . . . . .
,1 .. . .... ..

Total-.....


Tons of cargo
1957-58 1956-57
4,441,267 3,871,143
4, 334,306 3, 576,284
3.934,700 3,558,799
4,304,833 3.877,761
3,994,320 3,743,298
4,057, 864 4,607,944
3,735,448 4,252,657
3,420,104 3,896,981
4,055,216 4,812.784
3,863,386 4,397,018
4,072,316 4,585,965
3,911,049 4,521.566

48,124,809 49, 702,200







FINANCIAL REPORT AND STATISTICAL DATA

Table 14.-Canal Traffic by Nationality of Vessels


Nationality
Argentine.................------------.....-----
Belgian---------------------........................------
Brazilian--------------------------
British ....-------------------
Chilean -------------
Chinese .......................-------------
Colombian ...................------------
Costa Rican.--------- --------
Cuban...------.............----------
Danish ..............----------------
Dominican Republic..... .....------------
Ecuadoran----.........-------------....
Finnish..........................------------------------
French ----------------------
German--------------------------
Greek-.- ----------------------
Honduran...-------.----------
Irish.......-------.... ----..---...
Italian---------------------------
Japanese.-------------------------
Korean (South) -------------.----
Liberian........---------------.......------...
Mexican------------------------
Netherlands ..-----------------
Nicaraguan ----- ------.. ----
Norwegian...............---------------------...
Panamanian -----------------..
Peruvian .................. ....---
Philippines._ .
Piippnes---- --------------------
Spanish -------------------------
Soviet (U.S.S.R.) .. ...---------
Swedish -------------.
Switzerland.....--.......-.....---
United States.........----------......
Venezuelan.--------------........------..........


IMeasured tonnage
Registered
Number of Panama
transit Canal net Gross Net


Tolls


Tons of
cargo


1 5,341 7,625 4,583 $4,807 9,055
4 13,958 17,729 13,209 11,306 13,222
2 1,060 3,376 ------ 763 -------
1,203 7,454,501 9,841,461 5,717,737 6,591,490 7,370,112
89 490,976 718,223 414,956 440,014 507,441
54 245,415 340,085 208,918 218,469 406,575
231 679,716 823,853 452, 363 608,817 330,448
8 27,893 39,129 23, 863 25,104 51,343
2 (2) (2) (2) 1,890 ----
356 1,615,527 1,858,702 1,036,286 1,413,402 1,112,939
1 838 2,323 1,187 603 -- -----
38 113,285 144,399 80,022 100,897 46,511
30 125,314 134,703 72,195 111,801 125,884
85 527,589 654,901 373,460 475, 106 443,401
837 3,370,445 3,810,702 1,859,843 2,915,471 2,537,505
116 630,088 851,786 494, 760 549, 570 1,051,394
278 587,920 932,826 534,070 486,483 298,564
1 5,994 6,218 3,303 5,395 8,558
191 1,139,772 1,470,810 874,988 1,004,213 1,109,176
693 3,929,041 5,410,417 3,161,690 3,510,096 4,629,438
2 7,988 11,545 7,159 6,228 4,806
898 5,633,036 7,705,285 4, 602,586 4,744,043 7,802,371
1 6,985 9,313 5,364 6,286 12,149
206 1,047,290 1,523,579 873,029 911,911 899,738
81 201,178 215,788 108,222 180,620 141,211
956 4,845,380 6,128,804 3,590,818 4,160,761 4,456,990
472 2,011,759 2,695,175 1,616,712 1,674,720 2,152,332
54 154,083 214,400 127.728 140,387 226,350
23 130,580 149,283 88,744 117,522 122,770
43 181,016 247,735 164,559 153,319 180,709
3 15,198 18,697 10,189 13,678 21,850
200 1,024,867 1,246,222 739,039 906,914 748,142
3 18,675 17,181 9,620 16,808 28,779
2,023 11,672,797 15,313,156 9,034.419 10,278,951 11,267,630
2 8,840 17,382 10,986 7,160 7,416


Total:
Fiscal year 1958--------........ 9,187 47, 924,345 62,582,813 36, 316, 607 41,795, 905 48, 124, 809
Fiscal year 1957 ----.....-----.. 8,579 43,628,210 M6,915,104 33,205,307 38,444,128 49,702,200
Fiscal year 1956 ---------- 8,209 41,202,961 53,662,232 31,712,906 36,153,842 45,119,042
I Includes only commercial vessels of 300 net tons and over, Panama Canal measurement, or of 500 dis-
placement tons and over on vessels paying tolls on displacement basis (dredges, warships, etc.).
2 Displacement tonnage.
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 oceangoing commercial vessels. Statistics on
these vessels, except such as pertain to displacement tonnage, have been included in the traffic summaries
shown in the preceding table. The following table presents by nationality statistics on the 25 vessels which
transited the canal during the fiscal year 1958 and paid tolls on displacement tonnage.


Nationality Type
British-.....----.................----------------------- Naval---------------
Chilean -----...................---------------------- -----do .....---------
Cuban ----------------------------- Frigate-...............
French-..... ..-----------------..... -------.... Naval-- ...----------
Liberian --------------------------- Dredge .......------------
Netherlands -----------.........................-------------- Naval-----------..
Peruvian-...... ...........------------------------- ----- do--------------
Spanish....-----........ ----------- -----do ..-----...--....
Swedish----------------------------------- ----- do--------------
Total..-...-..-........... ....... ..............---------


JDisplace-
Number of ment
transit tonnage Tolls
7 20,247 $10, 124
2 23,495 11,748
2 3,780 1,890
1 2,421 1,210
1 1,900 950
4 8,962 4, 481
3 4.852 2,426
4 ** ,, 4,475
1 4, "* 2,042
25 78,691 30.346






Table 15.-Classification of Canal Traffic1 by Type of Vessel-Fiscal Year 1958

Vessels of U.S. registry Vessels of foreign registry Total traffic
CARGO AND CARoo/PASSENGER SHIPS: Atlantic Pocific to Atlantic to Pacific to Atlantic to Pacific to
Tank ships, laden: to Pacific Atlantic Total Pacific Atlantic Total Pacific Atlantic Total
Number of transits.........-----------------------------....- 67 49 116 340 39 379 407 88 495 0
Panama Canal net tonnage----------------------- 549, 150 438, 231 987, 381 2, 632, 396 240, 333 2,872, 729 3,181,546 678, 564 3, 860,110 Z
Tolls ---------------------- ---------------------$494,235 $394, 408 $888, 643 $2, 369, 156 $216, 300 $2, 585, 456 $2, 863, 391 $610, 708 $3, 474, 099
Cargo (long tons)-----.-------------------------- 959, 851 658, 951 1,618,802 4,953, 557 384, 066 5,337,623 5,913,408 1,043,017 6,956, 425 r
Tank ships, ballast:
Number of transits------------------------------....8 31 39 23 333 356 31 364 395 9
Panama Canal net tonnage--------.............---.----......... 88, 415 245, 870 334, 285 163, 409 2, 722, 331 2,885, 740 251.824 2,968,201 3 220,025 a
Tolls.----------... ---------------------------------.......... $63, 659 $177, 026 $240, 685 $117, 655 $1, 960, 078 $2, 077, 733 $181,314 $2, 137, 104 $2, 318, 418 .
Ore ships, laden: j
Number of transits-----------------------------............. 41 41 1 136 137 1 177 178 Z
Panama Canal net tonnage---..........----.............-----------........--- .. ---------- 179, 515 179. 515 3,915 964, 417 968, 332 3,915 1,143,932 1,147,847 *<
Tolls --.-----------------------...........------------------ ---......---..--....-----... $161.564 $161,564 $3, 524 $867, 975 $871,499 $3, 524 $1,029, 539 $1,033, 063
Cargo (long tons) --------------------------------.......... 963, 850 963, 850 10 3,162,165 3,162,175 10 4,126,015 4, 126, 025
Ore ships, ballast:
Number of transit .....--......--------------------------.......... .. .. 41 41 128 1 129 169 1 170
Panama Canal net tonnage---------------- ------- 179,500 .......... 179, 500 832, 121 4.456 836, 577 1,011,621 4, 456 1, 016, 077
Tolls-...---------------------..........................--------------------- $129, 240 .......----... $129, 240 $599, 127 $3, 208 $602, 335 $728, 367 $3, 208 $731, 675
Passenger ships, laden: 2
Number of transits------------------------------- 58 52 110 110 108 218 168 160 328
Panama Canal net tonnage------.........---......--........ 377, 021 327, 808 704,829 878, 050 883. 243 1, 761,293 1, 255, 071 1, 211,051 2, 466, 122
Tolls --.....--..............................---------------------------------------....... $339, 319 $295, 027 $634, 340 $790, 245 $794, 919 $1,585, 164 $1,129, 564 $1,089.946 $2, 219, 510
Cargo (long tons)...-............--------.---............... 144, 866 316, 586 461, 452 356, 175 532, 510 888, 685 501, 041 849, 096 1, 350,137
Passenger ships, ballast: 2
Number of transits------------------------ --- ------- .................... .......... 2 1 3 2 1 3
Panama Canal net tonnage.....---------------------- -------- ----.......... .--...............--------------.. 12,939 5, 976 18,915 12, 939 5,976 18,915
Tolls---...--------------------------------------- ---------- .......... --------.........-- $9, 316 $4, 302 $13,618 $9, 316 $4, 302 $13,618
General cargo ships, laden: 3
Number of transits -------------- ----------------- 646 830 1,476 2,319 2,732 5,051 2,965 3, 562 6, 527
Panama Canal net tonnage...----.....----...........--------- 3,918,641 4,606, 519 8,525, 160 11,866,912 12, 393, 839 24,260, 751 15, 785, 553 17, 000,358 32, 785, 911
Tolls----------------------------------------- $3,526,777 $4,145,867 $7,672,644 $10.680,221 $11,154,455 $21,834,676 $14,206,998 $15.300,322 $29,507,320
Cargo (long tons).--................-------------------.........----------... 3,598,830 4,620,523 8,219,353 12,828,946 14, 639, 628 27, 468,574 16,427,776 19, 260,151 35, 687, 927
General cargo ships, ballast: 3
Number of transits----.....------------ --------------- 158 23 181 670 185 855 828 208 1,036
Panama Canal net tonnage...---------------....-------- 612, 875 128. 568 741,443 1,845,213 784, 957 2,630,170 2,458, 088 913,525 3,371,613
Tolls ------------------------------------------ $441, 270 $92, 569 $533, 839 $1,328,553 $565,169 $1,893,722 $1,769,823 $657,738 $2,427,561
See footnotes at end of table.







Table 15.-Classification of Canal Traffic' by Type of Vessel-Fiscal Year 1958-Continued
Vessels of U.S. registry Vessels offoreign registry Total traffic
Atlantic Pacific to Atlantic to Pacific to Atlantic to Pacific to
OTHER TYPE SHIPS: to Pacific Atlantic Total Pacific Atlantic Total Pacific Atlantic Total
Number of transits ----------------.--------------------------------- -- ---.----- 13 12 25 13 12 25
Displacement tonnage .----------------------------------------.--- --------- 39,916 38,775 78,691 39.916 38,775 78,691
Tolls ----------------.........................------------------------------ --------- -------- $19,958 $19,388 $39,346 $19,958 $19,388 $39,346
Cargo (long tons)--....................----------------------...........------------ ---------- ---------- ----- 12 110 122 12 110 122
Cable ships, yachts, etc.:
Number of transits-------...........--..-------------------- 10 9 19 5 6 11 15 15 30
Panama Canal net tonnage ------------....---------. 13, 665 7,019 20, 684 8,095 8,946 17,041 21,760 15,965 37, 725
Tolls ....... ................- ------------------------------------ $11,758 $6, 232 $17,990 $6, 964 $6,441 $13,405 $18, 722 $12, 673 $31,395
Cargo (long tons) ------------------------------ 1, 054 3,119 4,173 .......................------------------------------------ 1,054 3,119 4,173
SUMMARY:
Total cargo and cargo/passenger ships, laden:
Number of transit ------------------------------ 771 972 1,743 2, 770 3, 015 5, 785 3, 541 3, 987 7, 528
Panama Canal net tonnage.... -------------------4,844,812 5, 552, 073 10,396,885 15. 381,273 14, 481,832 29,863,105 20.226, 085 20,033, 905 40, 259, 990
Tolls ........................-----------------------------------. $4,360, 331 $4, 996, 866 $9, 357, 197 $13,843,146 $13, 033,649 $26, 876, 795 $18, 203,477 $18,030,515 $36, 233, 992
Cargo (long tons) -------------------------- 4,703,547 6,559,910 11,263,457 18,138,688 18,718,369 36, 857, 057 22, 842, 235 25, 278, 279 48, 120,514
Total cargo and cargo/passenger ships, ballast:
Number of transits .........................------------------------------ 207 54 261 823 520 1,343 1,030 574 1,604
Panama Canal net tonnage. -------------------- 880, 790 374,438 1,255,228 2,853, 682 3,517, 720 6,371,402 3,734,472 3,892,158 7, 626, 630
Tolls ----------------------------------- $634, 169 $269, 595 $903, 764 $2,054,651 $2, 532, 757 $4, 587, 408 $2, 688,820 $2,802, 352 $5, 491,172 *q
Total other types ships: z
Number of transits ....----------------------------- 10 9 19 18 18 36 28 27 55 z
Panama Canal net tonnage... --------------------- 13,665 7,019 20,684 8,095 8,946 17,041 21,760 15,965 37,725 z
Displacement tonnage --------------------------- ----------------- ------- 39,916 38,776 78,691 39,916 38,775 78,691 0
Tolls .------------------------------------- $11,758 $6,232 $17, 990 $26, 922 $25, 829 $52,751 $38, 680 $32, 061 $70, 741 -
Cargo (long tons)------------------------------ 1,054 3,119 4,173 12 110 122 1,066 3,229 4,295 r
Grand total ships:
Number of transits .....------------------------- ---- 988 1,035 2,023 3,611 3,553 7,164 4,599 4,588 9, 187
Panama Canal net tonnage -------------------5,739,267 5,933,530 11,672,797 18,243,050 18,008,498 36,251,548 23,982,317 23,942,028 47,924,345 M
Displacement tonnage.......------------------------...............-- ------.......------------------ 39, 916 38, 775 78, 691 39, 916 38, 775 78, 691 0
Tolls -----------------------------------$5, 006, 258 $5, 272,693 $10 278,951 $15, 924, 719 $15,592,235 $31, 516, 954 $20, 930, 977 $20,864,928 $41,795, 905
Cargo (long tons) -------------------------- 4,704,601 6,563,029 11,267, 630 18, 138, 700 18, 718, 479 36, 857, 179 22,843, 301 25, 281,508 48, 124, 809 "4
t Includes only commercial vessels of 300 net tons and over (Panama Canal measurement) for vessels paying tolls on net tonnage basis, or of 500 displacement tons and over z
for vessels paying on displacement tonnage. 0
2 Vessels certificated for more than 12 passengers. ta
'Vessels certificated for 12 passengers or less, or without passenger accommodations. -4
-*



-I


-I







PANAMA CANAL COMPANY 69

Table 16.-Laden and Ballast Traffic by Nationality of Vessels, Fiscal
Year 1958

Laden Ballast
Panama Panama
N,. ,', r Canal net Number Canal net
,%'. i. ril". Cttri irjrts tonnage Tolls oftransits tonnage Tolls
Art, rnan ..... ........ ... I 5,341 $4,807 ......-- ...................
B- ic .......................... 6,979 6,281 2 6,979 $5,025
RrAzu. iN,........................ ................. ...........------ ------- 2 1,060 763
Br ........ ................. 1, '. 6,745,143 6,070,629 144 709,358 510,738
('Ile a.......................... 420,352 378,317 9 70,624 50,849
Ci u.. ......... .......... ... 232,058 208, 852 1 13,357 9,617
C lorrJt... ... ..... ............. .222 663,450 597,105 9 16,266 11,712
C.,. i i>. 1 .:i . ................... 27,893 25,104 .......... ......... ...........
S)l . ....................... .. ; 1,390,127 1,251,114 59 225,400 162,288
[.: .: r.. ... ....... ....... .....................-------- -----..---. 1 838 603
E: v, lr b ............ . ..... . 107,399 96,659 2 5,886 4,238
F.r,L rh .......................... . 119,859 107,873 1 5,455 3,928
Fr. r ................ ......... 522,394 470, 155 1 5,195 3,740
G ru .,. .. .................... ., 2,715,282 2,443,754 181 655,163 471,717
Greek.---------. ...----------------...............--.. 97 532,814 479, 533 19 97, 274 70, 037
Honduran ----------------------- 156 351,004 315,904 122 236,916 170, 580
Irish ------------------ ----------..... 1 5,994 5,395 ........ .......... ...........
Italian -------------..............--------------... 169 1,019,875 917,887 22 119, 897 86, 326
Japanese ....-------------------..------... 659 3, 784, 369 3, 405, 932 34 144, 672 104, 164
Korean (South) ------------------ 1 2,648 2,383 1 5,340 3,845
Liberian ------------------- ------ 637 3, 818,373 3, 436, 536 260 1,814,663 1,306,557
Mexican.------------------------- 1 6,985 6,286 -- ------
Netherlands -------------..................-------. 160 852,119 766,907 42 195, 171 140.523
Nicaraguan ... ......------------------ 80 198,733 178, 860 1 2, 445 1, 760
Norwegian ----------------------- 726 3, 733 819 3,360,437 230 1,111 561 800, 324
Panamanian---.------------------ 306 1,256,964 1,131,268 166 754, 795 543, 452
Peruvian .......------------------------ 48 150,117 135,105 3 3.966 2,856
Philippines ------------... --------- 23 130,580 117,522 -. ----- --- ..--.-.
Spanish -------------------------- 22 102,848 92, 563 17 78,168 56, 281
Soviet (U.S.S.R.) ----------------. 3 15,198 13,678 ------ -- -- ----
Swedish-..----------.............-------......... 177 927,600 834,840 22 97, 267 70, 032
Switzerland-----------............-----------...... 3 18,675 16,807 .................... ...........
United States -------------------- 1,759 10,414,005 9,372, 685 264 1,258,702 906,266
Venezuela ---------------.............-------- 1 4,420 3, 978 1 4, 420 3,182
Total:
Fiscal year 1958 ...... 7,546 40,283,507 36,255,156 1,616 7,640.838 5,501,403
Fiscal year 1957........ 7,332 38,634,942 34,771,448 1,208 4,993,268 3,595,153
Fiscal year 1956 ...... 6,904 35, 692, 184 32, 122,966 1,253 5,510, 777 3,967, 759
NOTE.-Above table involves only commercial vessels of 300 net tons or over, Panama Canal measure-
ment.







70 FINANCIAL REPORT AND STATISTICAL DATA

Table 17.-Frequency of Transits 1 of

[Number of vessels making
Nationality 1 2 8 4 5 6 7 8 9 10 11 12 I2 14 15 16 17 18 19 20 21
Argentine-----......... 1 --- --- -... --- --- -- -- -. .... ..
Belgium.......------...... 2 .. ... ... ... .. .. ..-.... ... ..
Brazilian----------2 -- -2 ... .......
British.------------........ 198 120 72 41 19 13 8 I 1 1 1 -- -- 1
Chilean...........---- 4 2 I .. 2 3 1 1 2 ..............
Chinese-............ --- 6 3 1 2 3 .. .. .. 1 .. .
Colombian.--..-...... 5 2 1 .. ..-- 1 .. 1 1 1 .. 1 .. 3 1 I 1 2 2
Costa Rican-....... 4 2 ................. ... .. .. .. .
Cuban -----------...- --...- 1 ..-... .. ..
Danish............ 18 20 9 6 8 3 2 2 3 4 ........ 1 2 1
Dominican 1 ... ... ... ... ............ .. .. ..... .....
Republic.
Ecuadoran--------...... 1 2 -.. 1.. ..- ----- 1 ..... ...1 ....
Finnish...-----------...... 3 2 1 2 -- 2
French------------ 4 8 6 1 2 2 3 ... .. .. .
German.--..--........ 21 51 12 17 5 10 10 9.. 1 - 1 2 2 5 1 .
Greek-..............-------28 16 7 1 1 1 .. .. .. .. .. I .
Honduran----........ 5 3 2 3 .-. 3 2 2 .. 3 .. 1 1 2 .. 1
Irish--- ........ 1 .. .. .. ......
Italian..--...........---------27 14 7 3 2 4 1 2 4 1 .. . .. .. .
Japanese-----.......... 57 47 30 33 18 31 4 2 .. ... ..-. ...........
Korean (South).... 2 .. ........ .. .. .. ..........
Liberian..---------...... 119 80 26 21 4 7 3 3 5 2 1 1 -. 1 2 .. 6 1 ..
Mexican----------- 1 -
Netherlands -...-- 29 16 5 11 1 3 3 1 1.. 2
Nicaraguan .......- .... .. ........ .. ...11 .. 1 3 -
Norwegian---........ 67 67 29 18 14 13 9 11 2 2 1 1 3 1 -. 1 6 ....
Panamanian-....... 38 30 10 6 1 5 .. 1 1 1 .... 2 1 .. ..
Peruvian-----......... 3 3 1 2 2 1 2
Philippine.....----.... - --- 3 1 1
Spanish .----------- 6 7 -- 3 1 1 .. .. .. .. .. .. ...
Soviet (U.S.S.R.).. 3 .- - ... .
Swedish --..-------- 14 14 .. 9 3 7 7 1
Switzerland-------- 3 -- --- --- --- --- ---- .. ......
United States.....-. 71 63 47 30 27 27 12 18 5 15 10 2 3 8 2 3 6 3 2 .
Venezuelan.....-..-------... 2 ... .- ... .. .. .. .. -. .. -- -
Total 1958 ..... 742 577 265 213 III 140 67 51 25 33 15 14 4 16 7 16 10 24 4 8 1
Totai1957----.... 873 599 223 207 136 128 47 39 26 40 13 16 8 17 4 10 8 7 2 11 4
Total 1956..-..... 657 526 263 186 124 124 41 39 25 28 19 19 4 18 4 4 7 13 4 4 6
I Includes only commercial vessels of 300 net tons and over, Panama Canal measurement, or of 500 dis-
placement tons and over on vessels paying tolls on displacement basis (dredges, warships, etc.).







PANAMA CANAL COMPANY


Vessels Through Panama Canal

indicated number of transits] Total Total Transits

92 28 24 25 26 27 28 29 80 81 82 88 84 85 S6 88 89 40 41 42 48 45 48 49 50 52 54 ships transit per ship
- - - - - - - - - - 1 1 1.00
- - - - - - - - - - - 2 4 2.00
2 2 1.00
- ....... .......- - - - - - -... 480 1,203 2.51
- - - - - - - - - - - 16 89 5.56
- - - - - - - - - - - 16 54 3.38
- - - - - - - - - - 23 231 10.04
- - - - - - - - - - - 6 8 1.33
- - - - - - - - - - - 1 2 2.00
- - - - - - - - - - - 79 356 4.50
- - - - - - - - - - - 1 1 1.00

- - - - - - - - - - 6 3 6.33
- - - - - - - - - - - 10 30 3.00
S - -- -- - - - - 26 85 3.27
1 1 1 2 1 1 154 837 5.44
- - - - - - - - - 55 116 2.11
- - - - 1 - - - 1 - 31 278 8.97
- - - - - - - - - - - 1 1 1.00
- - - - - - - - - -65 191 2.94
- - - - - - - - - - - 222 693 3.12
2 2 1.00
1 - 1 - - - 285 898 3.15
- - - 1 1 1.00
72 206 2.86
S - 6 81 13.50
1 1 - - - - - - 247 956 3.87
1 2 .... 1 1 2 - - - 103 472 4.58
14 54 3.86
5 23 4.60
18 43 2.39
- - - - - - - - - - - - 3 3 1.00
- - - - 5 - - - - - - - - - 5 200 3.64
3 3 1.00
2 1 2 2 1 1 - - - -- 365 2,023 5.54
2 2 1.CO
5 2 6 4 3 1 2 1 1 3 2 1 1 .... 2 .. 1 2,378 9,187 3.86
6 1 2 2 1 1 1 2 12 1 2 121 2,444 8,579 3.51
7 3 5 4 2 1 1 1 3 3 11 - - 1 2,150 8,209 3.82









Table 18.-Segregation of Transits' by Registered Gross Tonnage-Fiscal Year 1958

Registered Average gross ton-
Under 2,000 to 4,000 to 6,000 to 8,000 to 10,000 to 12,000 to 14,000 to 16,000 to 18,000 gross nage per vessel
Nationality 2,000 8,999 6,999 7,999 9,999 11,999 13,999 15,999 17,999 and over Total 2 tonnage 1958 1957
Argentine------------------------ --------------- ------- 1 -------- -------- -------- -------- -------- 1 7,625 7,625 11,540
Belgian-------------------------- 2 -------- -------- 2 -------- -------- -------- -------- ------- -------- 4 17,729 4,432 4,321
Brazilian-...-----------------------...--------..-- 2 .. ---- ---------- -------- -----------------------.. ------- 2 3,376 1,688 7,874
British -------------------------..........--........... 83 34 183 338 292 125 47 19 44 31 1,196 9,841,461 8,228 8,252
Chilean-------------------------- 1 14 1 6 51 14 ------- ---------------... ------- 87 718,223 8,255 7,679
Chinese ...--------------- ------- 20 -------........ 32 -------.. -------- ---------------------- 2 54 340,085 6,298 6,382
Colombian ..................------------------- 59 85 87 ..----- -------- ------- ------- ------ ----- --..- 231 823,853 3,566 3,261
Costa Rican.------------------ 3 -------- -----............. 5 ------- -------- -------- ------ -------- -------- 8 39,129 4,891 5,344
Danish --------------..............------------ 21 103 119 63 44 6 ------- ------- ------ .-. 356 1,858,702 5,221 5,050
Dominican Republic ------------... ... --------... 1 -------- -------- ----- -------- -------- -------- ----- 1 2,323 2,323 961
Ecuadoran.----------------------- 2 35 1------- 1 ------ ------ ------------- ------ 38 144,399 3,800 3,844
Finnish .........-........- - -... ---- -. 10 19 1 ------- ------- -------- ---.---- ---..- -. -- 30 134,703 4,490 5,216
French ------------...........----------- --......... ---------.... .....------. 18 35 20 ----......- 11 84 654,901 7,796 7,854
German..............-----------------........... 33 501 159 57 39 2 ------ 14 32 -------- 837 3,810,702 4,553 4,453
Greek ..... ........-----------------------.. ---...------- 3 94 15 4 -------- -------- ----- 116 851,786 7,343 6,985
Honduran................----------....... 99 98 58 23 ----- ------------------------------- ------- 278 932,826 3,355 3,044
Irish.................------------------------------........ 1 ------- ----- ----- -----.. -------- 1 6,218 6,218 5, 728 1
Italian.-----------.--------------- 5 5 2 93 78 7 1 .----- -------- --...-- 191 1,470,810 7,701 7,467 j
Japanese -----------------------... 15 ....---- --.. 8 380 279 9 2 -------- ---- ------ 693 5,410,417 7,807 7,709 >
Korean (South)........------ -------- 1 ------- 1 2 11,545 5,773 4,569 Z
Liberian-...-----------------.-------... .... 96 7 7 362 80 240 48 5 31 21 897 7,705,285 8,590 7,841 0
Mexican--------------------------------- ------- -------- ------ 1 ------- ------- ------- -------- 1 9,313 9,313 3,914
Netherlands ------- -- 22 31 6 59 29 30 17 ...- -------- 8 202 1,523,579 7,542 7,065 r
Nicaraguan....-------...---------- .. ----..... 81 -------- -------- -..--... 81 215,788 2,664 2,565 *
Norwegian ----------------------- 75 221 157 164 201 105 13 2 3 15 956 6,128,804 6,411 6,705 t
Panamanian---------------................--- 188 40 24 119 8 43 4 1 38 7 472 2,695,175 5,498 5,222 o
Peruvian....--- .....---------------------......... 2 36 7 6 --- -- ---- 51 214, 400 4,204 4,275 0
Philippine----- ------ ------- -------- 10 13 -------- ----- ------- -------- --- ---- 23 149,283 6,491 6, 760
Soviet (U.S.S.R.)..------------- -------- -------- 2 1 -------- -------- -------- ------ 3 18,697 6,232 3,747 -
Spanish ------------------------- --------.... 6 9 20 2 2 ------ --------------------39 247,735 6,352 5,402
Swedish--..................-------------------......- ------. 38 28 119 6 4 -------- 1 ----- 3 199 1,246,222 6,262 5,994 Z
Switzerland ........ -- ... ----- -.. .. 2 1 ------- -------- ------ ----- --.. ........ 3 17,181 5,727 5,901 a
Turkish--- ------ ---- --- ------- - --- --- -- ----- --- -- -- ---- 9,184 in
United States---- ----- 51 2 193 1,005 624 109 23 ....-------- 9 7 2,023 15,313,156 7,570 7,537 -I
Venezuelan --..-----.. ---------- --- ------ ----- ------- 2 -------- ----..-- --------........-------- ........--------........ 2 17,382 8,691 8, 691
Yugoslav----- ---------------------------- ----------------------- ---------------- -------------- -- -------- -------- ------------------ -------- 7,:307
---- --- ---- --- ---------------------_______________ (
Total (1958) --------------- 759 1,369 1,102 3,002 1,771 700 166 42 157 94 9,162 62,582,813 6,831 6,665 -
Percent of total ..----------------- 8.3 14.9 12.0 32.8 19.3 7.7 1.8 0.5 1.7 1,0 100,0 --------- -..........----.. ...--------... 0
1 Includes only commercial ...If ir, i. .i F.i.s and over, Panama Canal measurement, r
? 5 vessels paying tolls op ii 1,*.. *.m'r .r.r.,.-. are not included. ,

-4
P





PANAMA CANAL COMPANY


Table 19.-Principal Commodities Shipped Through Canal
[Thousands of long tons)
'. .- Ir s Fiscal year
S i CIFIC 1958 1987 1956 1966
\ I[. -. ii'" '\CIFIC
I' r.:-lr uiii iil pr.-I -, '. ------------- --- 5, 964 5, 242 5, 310 4, 306
'%-' il : Ii '.-:,............................. 3, 849 3, 805 2, 996 3, 274
Ir...h :r..i -t el I :u .il .. i - --..- 1, 922 2, 835 2, 131 1, 792
I-hr.-. h. .- ..---- .. .---- 1, 257 1, 523 1, 257 1, 043
-- -.v-i.--.- 814 698 746 568
g.r.. -- - -- ------.........--. 654 896 787 520
r.-, .ir ..- ...........- - .......... 561 612 317 187
. .:..---------.------------ 5-- 32 1, 497 498 23
'I. t..l.-. un.i. .i-.,l...----- ------ 482 316 271 233
. .:.r., r .----......-------.... --------------- 354 402 212 226
I'.i,...r :nd I .b, r r..,In .- --- ------ 353 463 433 377
lrrf:l-, .:i;.-,,,----- ------- --- ---. 341 751 122 113
Corn ---------------------------------- 338 81 175 170
Sulfur ------------------------------- 336 370 469 463
Machinery----------------------------- 334 342 301 285
Wheat-------------------------------- 307 267 218 216
Automobiles and parts ----------------- 283 304 260 268
Ammonium compounds .-----------------. 247 322 464 295
Flour, wheat --------------------------- 185 188 90 68
Fertilizers, unclassified------------------ 182 176 187 191
Canned food products- 170 193 170 190
Tinplate ------------------------------- 166 295 244 213
Asphalt ------------------------------- 166 122 119 105
Cement------------------------------- 158 226 289 300
Liquors and wines---------------------- 103 94 90 90
Potash ------------------------------- 97 248 112 40
Glass and glassware--------------------- 89 81 94 67
Electrical apparatus -------------------- 83 77 83 75
Rice---------------------------------- 81 273 164 28
Groceries, miscellaneous ----------------- 76 58 53 59
Textiles------------------------------- 71 80 78 90
Agricultural implements ----------------- 71 69 73 84
Asbestos------------------------------- 68 72 59 59
Coffee ----- 67 71 80 34
Soda and sodium compounds ------------- 65 120 70 60
Salt ------------------------------- 65 52 50 104
Slag --------------------------------- 61 52 68 66
Woodpulp------------------------- 58 69 70 64
Rubber, manufactures -------- ----------- 53 51 44 26
Resin--------------------------------- 51 56 46 42
Vegetable oils__-------------------------- 46 53 37 35
Tobacco and manufactures -------------- 45 49 57 49
Railroad materials---------------------- 42 127 100 61
Creosote------------------------------- 33 39 34 35
Pharmaceutical products ---------------- 33 30 33 34
Grains, other and unclassified ------------ 32 47 53 115
Lumber------------------------------- 31 29 24 36
W., paraffin 30 29 44 34
Carbon black_ 27 35 26 27
Paints and varnishes 27 27 29 29
Clav---------------------------------- 26 37 38 27
Floor coverings ------------------------- 25 22 29 30
Food in refrigeration 2--- _____. ___._____ 25 14 19 14
Bricks and tile ------------------------- 22 34 32 30
Confectionery-------------------------- 20 16 19 20
Soap and soap products ------------- 20 14 16 12
Tallow -------------------------------- 16 21 34 28
All others ------------------------------1,220 1,358 1,362 1,389

Total, Atlantic to Pacific------ --- 22,843 25,430 21,286 18, 419
1 Excludes asphalt.
FvcTudes fresh fruit.
495687-59-- 6






74 FINANCIAL REPORT AND STATISTICAL DATA

Table 19.-Principal Commodities Shipped Through Canal-Continued
[Thousands of long tons]


Commodity

PACIFIC TO ATLANTIC

Ores, various-----
Lumber------
Wheat------------------
Canned food products ---______________
Bananas .....---------------
Sugar------------- ----
Nitrate of soda -. _________
Metals, various ...-------------
Petroleum and products I--- --------
Barley---------------------------
Food in refrigeration 2------------
Coffee------------------------------.
Woodpulp -------------------------..
Cotton, raw---------- ____ __
Fruit, fresh (excluding bananas) --___--
Oilseeds (including oilseed cake and meal) -
Wool -. -----------------_...___._...
Copra -- ------------__--._. ____.
Chemicals, unclassified ----... ... .--- -
Fruit, dried_ ------- ________
Iron and steel manufactures----------_-
Borax --------------------.-.---------
Paper and paper products
Rice ---------------------- ___
Oils, vegetable ----------------
Rubber, crude------------ ___
Metal, scrap -----------------
Whale oil----------------- -----
Fertilizers, unclassified
Beans, edible ------------
Grains, other and unclassified------------
Phosphates -------__
Seeds, except oilseeds-------------------
Textiles --------------------------
Porcelainware -------------------------
Coal -----------------.-- ------- _-----
Wines-------------------- ---____
Molasses ------------------ ______
Flour, wheat ------------
Oats --------------- ____
Skins and hides -------___-------------
Machinery ----...------
Tallow---------------______----------___
Peas, dry --------------------
Groceries, miscellaneous -----..
Vegetables, dry.---------
Cocoa and cacao beans
Rubber manufactures ------
Hemp, unmanufactured
All others--------------------____


Fiscl year
19oo 1967 1956 1955

7,560 6,401 5,137 4,087
3, 323 2,900 3,549 3,747
1,986 2, 688 1, 478 1,387
1,286 1,311 1,301 1,221
1,082 870 936 939
1,068 1,446 1,425 1,281
1,046 867 1,167 1,271
902 935 742 789
746 752 1, 875 1,981
711 444 1,083 387
630 800 618 551
308 289 315 280
281 237 142 349
260 262 290 236
233 213 216 160
225 173 156 193
224 315 234 218
211 302 258 245
164 132 110 105
163 163 171 156
153 172 288 222
148 159 157 150
130 96 91 89
126 119 102 93
119 134 106 202
108 118 104 122
107 81 40 103
94 74 48 43
93 56 45 22
91 88 88 102
82 16 39 37
81 111 108 152
73 59 35 56
70 85 81 50
69 69 55 46
69 1 ------ 1
68 40 62 65
59 57 27 67
57 81 102 66
53 11 28 64
52 57 48 47
45 48 41 54
44 57 49 33
42 59 24 44
36 29 22 36
33 27 28 24
28 27 22 30
26 5 7 2
20 26 20 17
697 810 763 605


Total, Pacific to Atlantic ---------- 25,282 24,272 23,833 22,227
1 Excludes asphalt.
I Excludes fresh fruit.






Table 20.-Origin and Destination of Cargo through the Panama Canal from Atlantic to Pacific during Fiscal Year 1958
Segregated by Countries in Principal Trade Areas


East coast North America:
United States:
North Atlantic ports --...............
South Atlantic ports..-______________
Gulf ports ---------------..........
United States (other) 2 ...............

Total, United States...............
Canada-.......-..........-.. .........
Central America/Mexico.......... .
Cristobal, C .Z.'I---------------_ ------
West Indies----------............-.......

Total, North America-..................

Europe:
British Isles..............................
Belgium----....-..........._._.........
Denmark....-------..-.. ...--.-- ...
France.................
Italy....
Netherlands.. -- -- ----
Norway----- ------------
Poland---...-- -............-...-..
Spain-Portugal--- ------------
Sweden--------- ......... --------
West Germany........................
Europe (other) 2 --------------

Total, Europe ---.--- ----

East coast South America:
Argentine.......................... ._...
Brazil---...............................
British Guiana-- ----------
Colombia............................
Netherland Guiana ---..... ...- ...
Venezuela-----------...........................
South America (other) 2 .................

Total, South America ....---------.......
Asia----............
Africa.....................................

Grand total............................
Percent of Pacific-bound cargo--..............
Sea footnotes at end of table.


To west coast North America
Central
United America/ Balboa, Hawaiian
States Canada Afexico C.Z.1 Islands Total
1,230, 273 5, 865 66, 368 777 105, 445 1,408, 728
19, 367 --.--. 928 -.- 2,988 23, 223
646, 688 24, 343 115,334 15,298 50, 765 852, 428
----- --- .................. 11,175 11,175

1, 896, 268 30, 208 182, 630 16,075 170, 373 2, 295, 554
14, 232 28, 087 -------...--.....-------- .......-----........--42, 319
127 19 1,740 -------------- 1,886
278 12 1,251 --------------.....-- 1.541
582,770 299,154 517,299 337,504 92 1,736,819

2,493,675 357, 480 702, 920 353, 579 170, 465 4,078,119


131, 996
125, 796
12, 338
22, 403
35, 188
56, 447
43, 905
----------
12, 514
17, 811
85, 570
88, 043

632, 010


168, 956 1,678
27,698 116,643
4,253 554
7, 505 1, 836
11,711 3,921
7, 519 45, 960
762 84
--- 4, 372
499 244
1, 124 1,615
10,453 112,688
16,064 13,410

256, 544 303, 005


15.971 1,311
34,320 2,195
6,430 ........
17,839 -.--.
19,634 ........
1,616,398 .......-
691

1,711,283 3,506

103.684 12,500
61,863 2,355

5,002, 515 632,385
21.899 2.768


492
3,422
----------
127, 730

131, 644



1, 137, 569
4.980


141
1, 077








31

1,250




7,1088

72, 574

79, 682



434, 511
1.902


15
8,877
24
17
52

1, 227

76
1,662
272

12, 222













182,687
0.800


To west coast South America


Chile
317, 703
7, 871
196, 684

522, 258


438, 278

960, 536


Colombia
106, 410
11,246
122,884
193

240, 733
5,050
270
200
52, 659

298, 912


Ecuador
44, 490
6C9
39, 655
150

84, 904
335
159
1,607
20, 731

107, 736


Peru
202, 003
3, 768
302, 676
1, 042

509, 489
1, 388
49

18, 035

528, 961


South
America
(other) 2
3,450

10,276
523

14, 249
13

380

14,642


302,786 32,751 8,915 11,823 52,768 521
280, 090 57, 539 45, 439 24, 833 72, 579 4, 620
17,169 2,227 1,621 1, 081 4,182 86
31, 761 2, 355 865 1, 178 6. 555 1,060
50, 872 17, 519 1,254 946 9, 424 686
109,926 8,416 24,375 4,820 35,426 179
45, 978 331 1, 572 1, 635 2, 766 30
4,372 .----- ........ ............... ........
13, 257 25, 008 49 191 1,073 101
20,626 14, 565 5, 460 4,184 32, 209 1,809
210, 374 44, 092 39, 986 44, 461 52, 233 4, 496
117, 820 13, 020 8,015 3,717 18,607 6.477

1. 205, 031 217, 823 137, 551 98, 869 287, 822 20, 065


17,282
36, 515
6, 922
28, 369
19, 634
1, 816, 702
691

1,926, 115

116, 184
64, 218

7, 389, 667
32.349


80
143, 030

341, 309

484, 419

16, 000

1, 678, 778
7.349


860
255, 152

20, 409

276, 421



712,884
3.121


6

244

29, 150

29, 400



236, 005
1.033


861
139, 496
36
17, 029
760

158,182



974, 965
4.268


5
29


34



34, 741
0.152


Total
674, 056
23, 494
672,175
1,908

1,371, 633
6, 786
478
1.807
530, 083

1,910,787

100, 778
205, 010
9,197
12,013

6, 334
26, 422
58, 227
185, 288
49,836

762. 130

6

1,801
537, 927
36
407, 926
760

948, 456

16, 000

3, 637, 373
15. 923








Table 20.-Origin and Destination of Cargo through the Panama Canal from Atlantic to Pacific during Fiscal Year 1958
Segregated by Countries in Principal Trade Areas-Continued


East coast North America:
United States:
North Atlantic ports ------------.............--------
South Atlantic ports.---------------------------
Gulf ports--------..........--------------------------
United States (other) 2 --.---.. .------------

Total, United States------------- -----
Canada..........................--------------------------------------
Central America/Mexico..-----------------------
Cristobal, C.Z. --------------
West Indies.--------------------------------------

Total, North America ------ -------

Europe:
British Isles-----...................-----------------------
Belgium ........ ...-----------------------
Denmark _..-.... ------------------------------
France------------------------------------------
Italy ---... ----------------- -------
Netherlands --------... -------------------
Norway_ ----------------------------------------
Poland.--------. ---------------
Spain-Portugal ------------------------------------
Sweden -------------------------------------------
West Germany .... -----------------------
Europe (other) 2 ..-- ----------------

Total, Europe ----------------------------------

East coast South America:
Argentine -----------------------------------------
Brazil------------- -------------
British Guiana .------------------
Colombia -----------------------------------------
Netherland Guiana-----------------------------...
Venezuela ------------------------
South America (other) 2 ............................

Total, South America-..... -- -- ----

Asia....---------.
A fried ... .............. ... .

Grand total .------------...............................
Percent of Pacific-bound cargo-----------------------...................


To Oceania


Australia
100,559
21,149
270,537
7,801

400, 046
73,377
36,732

37, 454

547, 609


3,176


1,841

1,272






6, 289



3, 424
16,352

93, 529


113, 305




667,203
2.921


BEitish Oceania

600


600



49, 307

49,907


(S. 272
1,385


770



101


70, .528


------------------











120, 435
0. 527


To Oceania


French Oceania
2,466
----------
3,542
219

6,227

--------------g

617

6,844




41,636








41,636
------------------






------------------



---.------------- 1










48, 480
0.212


New Zealand
31,842
2,779
108,148
810

143, 579
25,362
11,005
212, 021

391,967


728,129
59, 904
310
25
1,547
18, 600
7,721
685
13,590
29,030
9, 436

868, 977


------------------



------------------







1,260,944
5.520


Oceania (other) 2
15, 564
------------------
5,172
177

20, 913


87

21,000


9,597
22










9,619














30,619
0. 134
-----------------



------ ------------



--- -- --- --





0,134 -- -- --


Total
150,431
23, 928
387,999
9,007

571,365
98,739
47,737
299, 486

1,017,327


809,174
61,311
310
43,502
1,547
20, 642
7,721
685
13,590
29,131
9, 436

997, 049


-------------------
3, 424
16,352
93, 529


113,305




2,127, 681
9.314











East coast North America:
United States:
North Atlantic ports.........------
South Atlantic ports --------.......
Gulf ports ......................
United States (other) -------........

Total, United States-.........
Canada -------...----------
Central America/Mexico-..........
Cristobal, C.Z..1 ---------
West Indies ........................


Total, North America..--------... 55,607 230,358 78,622 142,052 60,302 7,499,772 413,600 654,457 51,213 119,41 ,"' : 1 r' .' :1 4.


Europe:
British Isles--- ... ..-
Belgium ..........................
Denmark-.. .----- ....-.--------
France---------------------------
Italy----- -------
Netherlands ---------........................
Norway..---- ----------
Poland......---------------....................
Spain-Portugal --------
Sweden..- ...........----.......
West Germany
Europe (other) 2.......... ...

Total, Europe ---------

East coast South America:
Argentine .............- ... __..-
Brazil..---............ ......-..
British Guiana...-- .--.--- -
Colombia....-------..---_--..
Netherland Guiana-..............
Venezuela.....-------....--------..
South America (other) 2 ............

Total, South America --- ..

Asia---.-----................
Africa..-----------...---...---...

Grand total......................-
Percent of Pacific-bound cargo-.........


2








2


37

55, 646
0. 244


23








23


230,381
1.009


665









916

1,581


80,203
0.351


142,052
0.622


60,302
0.264


11,084
30,078
247
2,361
414
8,841



39, 685
12,900

106,510


45,522
127,678
4,880
8
40,413
253

218,754

6,128

7,831, 164
34.282


251









2, 595

2,846






10,380


10,380



426,820
1.867


216
530

6, 468
166



10, 930
693

19,003


4,822

678,282
2.971


2






142

144


12.953

12,953




64, 166
0.281


119, 558
0.523:


31,508
247
2, 361
6,909
9,007
----------
----------

50, 615
17, 246

130, 109


45,522
127,678
4,880
8

63,746
253

242, 087

10, 987

9, 688, 580
42.414


I, ", '' I 5. *
577,919 2.530
26, 923 .118
89,637 .392
89,157 .390
212,791 .931
60,033 .263
4,372 .019
40,364 .177
92,443 .405
475,388 2.081
194,338 .851

3, 04,319 13. 546


62,810
164,193
17,027
582,656
10,670
2,381,903
1,704

3,229,963

116,184
91,205

22,843.301
100.000


.275
.719
.074
2.551
086


14.139

.509
.399

100.000


I Includes both local and transshipped cargo.
2 Also Includes cargo not routed to permit segregation between definite countries.


To Asia


East
Indies
19, 629
462
32, 865
3

52, 959
1,588


1,060


Formosa
79,300
3,160
145,744
1,181

229,385
717


256


Hong-
Kong
27, 863
2,859
39, 962
491

71, 175
3, 854


3, 593


Indo-
china
60, 775
2,304
50,040
197

122,316
1,535


18, 201


Indonesia
37,409
2,111
20, 156
317

59,993
309


Japan
4,292,760
52, o27
2,436,342
9,343

6,790,972
170,321
1,943
331
536, 205


Philip-
pine
Islands
233,316
22, 287
142, 188
5,107

402, 898
6, 221


4, 481


southh
Korea
189,000
8,890
445,879
5,688

649,457


5,000


Thailand
37, 600
3, 026
8,945
204

49,775
1,438


Asia
(other:
29, 71i
6i'
56, 0.
6,5,;

92,9:;
5'1
3,9:-

21,91'


C,.,
4 C.,,
7
I,..,, 4


2 7,.,, i'.
.4


- I -
'.21 1

.I
.. :u


ci-
;- ,. ,e I
I ', ,,




i, I, '
_-2


I 4'I
.Ir.
S'I',.







Table 21.-Origin and Destination of Cargo Through the Panama Canal from Pacific to Atlantic during Fiscal Year 1958 S
Segregated by Countries by Principal Trade Areas
To United States To other North America
North South United Central Total
Atlantic Atlantic Gulf States Americal Cristobal, West North
West coast North America: ports ports ports (other) 2 Total Canada Mexico C.7.1 Indies America
United States -.....--------------------- .---------- 2,442,440 54, 923 184,707 88, 061 2,770,131 16,630 9,868 36,953 387, 851 3,221,433
Canada ------------------------------------------------------ 436, 116 5,000 32, 739 9,339 483, 194 13,639 45 925 109,567 607,370
Balboa, Canal Zone ---------------------------------- 673 1 598 ----- 1,272 .... ..... 46 3,029 4,347
Central America/Mexico ------------------- 385, 047 23,589 81,931 4,446 49, 013 6, 198 3, 384 21,987 14,782 541,364
Hawaian Islands --------------------------------------------- 261,278 14,806 166,092 12,719 454,895 9,115 .. 88 435 464,533
Total, North America ..--...........------ ------------ 3.525,554 98,319 466,067 114,565 4,204,505 45,582 13,297 59,999 515,664 4,839,047
West coast South America:
Chilest South Americ: ------------------------------------ ----------------- 3,458, 762 183, 948 385,577 96 4,028, 383 6 12,103 4,103 23,800 4,068,395
Colombia ---------------- 131,512 10,587 37,757 2,838 182, 694 118 164 858 238 184, 072
Ecuador ----------------------------------------------------- 226, 492 5,456 283, 840 6, 536 522.324 700 13 804 382 524, 223
Peru --------------- 2, 182, 285 5,377 365, 288 6 2, 552.956 3 739 2,242 2, 555, 940
South America (other) 2 -- 747 ....-- 4,920 27 5,694 ---------------- 253 5,753 11,700
Total, South America ............-- -------------------- 5,999,798 205,368 1,077,382 9,503 7,292,051 824 12,283 6,757 32,415 7,344,330 9
Oceania:
Australia ---------------------------------------------------- 133, 258 13, 964 12, 576 16, 647 176,445 149, 802 262 1,558 12,261 340,328 Z
British Oceania....----------------------------------------------- 28,453 ---------------------- --- 28, 453 --------.. -------- 5 5 28, 43
French Oceania ----------------------------------------------- 67,438 -------- ----------.-------- 67, 438 ---------------- 78 76 67,592
New Zealand ------------------------------------------------- 75,292 2,520 382 .------- 78,194 13, 858 10 777 20, 777 113,316 r
Oceania (other) 2 ............................................... 608 .-----------..--------------608 353 .. -- -------961
Total, Canada -----.........---------------------- -------------------305,049 16,484 12,958 16,647 351,138 163,713 272 2,418 33,119 550,660 g
Asia: X
East Indies--..------------------------.------------------------- 58, 348 590 40, 312 ..-- 99,250 ..-- 216 .....- 7,649 107,115
China ----------------------------------------------------------------------------- 388 ....3.8-------- -------- -------.-------- 388 )
Hong Kong -------------------------------------------- ----- 20,543 263 275 11 21,092 7 942 1,086 30 120 Z
Indochina ------------------------------------------ 2,397 --- 1 23-- 2,520 ---------------- ---------------- 2, 520
Indonesia ------------------------------------------------------ 11,910 465 8,421 ------- 20, 796 --------.--------.------------------ -20, 796
India ----------------------------------------------------------- 4,197 1------ 097 -------- 6,204 -------- 197 -------- 13 5,414 -4
Japan ------------------------------------------------------- 420, 594 10, 606 65,935 2,209 499, 344 366 36 12,198 20,945 532, 889 .
Philippine Islands -------------------------------------------- 977,220 11,540 98, 177 22, 525 1,109,462 ---------------- 3,693 893 1,114,048
Asia (other) 2 ......- ----------------------------------- 70, 281 1,089 1,753 497 73, 620 -.-.---- ------- 5,335 4,126 83, 081
Total, Asia ----------------------------------------------- 1,565.490 24,553 216, 391 25.242 1,831,676 366 449 29, 168 34, 712 1,896,371 0
Antarctica .....----------..........------------------------ ---------------- 8,227 ..... ------ 8,227 ------- -------- -------- -------- 8,227 r
Grand t ....... ..... .......... -..... 11,404,118 344, 724 1,772,798 165, 957 13,687,597 210, 485 26, 301 98, 342 615,910 14, 638, 635
Percent of Atlantic-bound cargo.....----------------------------------- 45. 109 1.364 7.012 0.656 54.141 0.833 0.104 0.389 2.436 57.903 3








T r. **ip. .


1*" ii.;'
West coast North America: ,' .
United States -----------.. .
Canada.----------------.. ;. ",-
Balboa, Canal Zone 1 ---........
Central America/Mexico- :1
Hawaiian Islands--------....... I. 7.

Total, North America. .1. I.,,

West coast South America:
Chile .......----------------....... ; :4.
Colombia -r..
Ecuador--.-..------------ 1..' I
Peru -------------------- .:'.
South America (other) .-. ., u56

Total, South America 438, 773

Oceania:
Australia---------------- 63,187
British Oceania ----------.......... 184, 181
French Oceania ----.....--.. 667
New Zealand -------..... 759,268
Oceania (other) 2--........ 20, 869

Total, Oceania-......--------. 1,028, 172

Asia:
East Indies-------------- ----------
China ..-------...-..--------.---... 748
Hong Kong-------------- ----------
Indochina--------------- ----------
Indonesia---------------- ----------
India....------------------- ----------
Japan .------------------ 27,708
Philippine Islands ... --------.......
Asia (other) 2........----. 203

Total, Asia ....------...-------. 28, 659

Antarctica-----------------.. .. 12,943

Grand total---...-...... 3,944,667


percent of Atlantic-bound
cargo.......................-


I .rt
Sl,. I l ,l, fr ., ', l., ,, f ,*, ,* ,'


;l. 1r'

,I U;1

201,013


5,709


7,457


13, 166







5,222



5, 222

10,107

629, 502


1,. r.




I

1:4
S2

27,002




11


11















75, 522


I r.t









196,214


1,814

52,897
30,514


85, 225







75



75



451, 684


I.C.











1, o&1

78, 299




2,032
9

2,050







70



70


34. 4,502


.










. 9.
9


19






19



22, 869


15.603 2,490 0.299 1,786 1.363 0.091


1 1. -," .





', ;i.'t

650, 974



----------
10,668


10, 668



516



7,715



8, 231

41,910

1,487,364


-.1. ,.i*.i






I .






2,555


97, 788


640


75





75















22, 943


I "



,. .'


I. I"

t.U



204, 684




9


9















213, 218


I. ,u





64,437



22



22




40



9,620



9, 660



132, 247


.',',', / ','i n r, ,F.0 i i ,' -I l


5.883 0.387 0.091 0,843 0.523 6.459 2,237 ','


See footnotes at end of table,.


S '




-1 n 1 II


h ,. ;''lI ., Il "



1; ,I I "I.
I, I, %I-




964,070 103, 565


1,223 --.---
4, 758 17,725
---- .. ------ - -
15,433 22,118
..----- 7,660

21,414 47,503



--------- -- ----- -



......- - 8,431



----......---- 8,431

9,310 -----

1, 633, 050 565, 643


11.'4', m'I.





.' 1 '.
I. ,".'


7.


2 '


72,008
206, 664
53,595
847,510
28, 538

1,208,315


748
575


58, 841

203



74, 270

9, 620, 999







Table 21.-Origin and Destination of Cargo Through the Panama Canal from Pacific to Atlantic during Fiscal Year 1958
Segregated by Countries by Principal Trade Areas-Continued


To east coast South America


Argen-
West coast North America: tine
United States -------------------- 9,208
Canada. --- .---------------------- -- 250
Balboa, Canal Zone 2 ------ 35
Central America/Mexico ...------------ --------
Hawaiian Islands -------------------- -------

Total, North America --------------- 9,493

West coast South America:
Chile---- ----------------------------------
Colombia--.------------------------ ------
Ecuador--------------------------------------
Peru ...---.- -------------------- -------
South America (other) 2 ------ --------

Total, South America--------------- --------................

Oceania:
Australia ----------------------------------
British Oceania ----------------- --------
French Oceania--------.............--------- --------
New Zealand---------- ----- --------
Oceania (other) 2. -------- -------

Total, Oceania...-------------------- --------


Asia:
East Indies ----------------------------
China ------------------------
Hong Kong -------------.-----------
Indochina ----------------------------
Indonesia ---....--------..............-----------
India----.. ... ...---------------
Japan_-------------------------------
Philippine Islands ------------------
Asia (other) 2 .-.......- ...---


Total, Asia.


Antarctica ------ ------------
G rEa i.l 1.., 1.. .. .. ... .........
Percent ol .\% ir .t i ..aJ '..,r ...........


19, 295


19, 295


28,788
0.114


Brazil
112, 819
1,192
23


114,034

3


140

143


Colombia
14,454
1,907
456
774
30

17, 621

10
9,042
7,454


16,506


33, 863 2, 009
40,794
----- 509

33,863 43,315

----.---- --------

148,040 77,442
0.586 0.306


Vene-
zuela
97,911
54,616
83
8,385
137

161, 132

12,757
8,018
20,197
71

41, 043

220

219


439

3
237



20, 513
25, 245
1,155

47, 153


South
America
(other) 2
3, 430
1, 492
2


4,924



2, 011
36

2,047


4


2, 301
5, 203
35

7, 543


-------- --------

249,767 14,514
0.988 0.057


Total
237, 822
59, 457
597
9,161
167

307, 204

12, 770
9,042
17,483
20,233
211

59, 739

220

219


439


3
244



77, 981
71,242
1, 699

151, 169


518.561
2.051


To Asia
28,318
17, 810



46,128

58,324

9,896

68,220


-3






3



114,351
0.452


To Africa
Porti.


guese
East
Africa
24,465
65,944



90, 409


Union of
South
Africa
52,813
199,082



251, 895


Africa
(other) 3
7,125
36, 203



43,388


Total
84,403
301,289



385, 692


Grand
total
5, 106, 877
4, 577, 256
7,908
715, 621
516, 221

10,923,883


5, 367,842
232,599
855,639
3,888,541
59, 903

10,404,524

412,556
235,127
121,187
961,045
29,499

1,759,414


90,409
0.358


251, 895
0.996


3, 280


3,280


40,668
0.185


3, 280


3, 280



388.972
1.539


Percent
of total
Atlantic-
bound
cargo
20. 200
18.105
.031
2.831
2.042

43.209


21. 232
.920
3.385
15.381
237

41.155

1.632
.930
.479
3.801
.117
6.959


107, 118 .424
1,136 .005
30, 942 .122
2,520 .010
20,796 .082
5,414 .022
672, 991 2. 662
1,185, 290 4. 688
84,983 .336

2,111,190 8.351

82,497 .326

25,281,508-....----
100.000 100.000


I Includes both local and transshipped cargo.
2 Also Includes cargo not routed to permit segregation between definite countries.


- - - - - - -. .




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