Show ELECTRIC LINE CLAIMING LOSS 0 Bamberger Uses Surplus to Pay Preferred Dividends SALT LAKE LAKI April The 1 1 The Th annual an- an annual an annual nual report of the tho th Bamberger Electric railroad filed Monday with the th stal state public commission sho how that dividends amounting to were paid I Ili In 1923 1 22 to preferred stockholders I The be mone money was taken out of the tl surplus accumulation In former y ears I rs Ie Before Detor dividend payments pa menla had been mad made the company clo closed ed edthe the year watt willi a net loss lo los i of I 1 tun 8 44 th the income Inc me statement shows The net revenue re from railroad operations amounted to 94 04 but taxes assignable a to such uch operations operation totaled 4 88 68 which which left the rho operating Income at 79 79 28 The income a was 1134 1634 tl 81 bringing I the total of ot the tho gross gros Income to 09 0 Deductions Deduction which amounted to 83 63 83 were dl- dl di divided vided sided liS as 3 follow foliose folio s Interest on funded debt 72 7 67 Interest on debt 8 6 I 12 and miscellaneous cellan ou debits 1304 74 The Die surplus at the tir end of oC the year was as 35 91 14 SL 17 H Th The company's compans s 's operating revenues rev revenues rev rev- revenue wore ore for tor the tear earan ear an Increase of or 1100 over 1922 Operating expenses expense Were The expenses expense Increased the additional amounts going largely to maintenance of way wa In addItion the repol report t claims claim Investment during the year |