Page:U.S. Department of the Interior Annual Report 1879.djvu/38

36 And its reports show:

The Auditor further states that under the act of May 7, 1878, the 25 per cent. of net earnings for the year ending June 30, 1879, would be as follows:

Under the laws in force to June 30, 1878, there would have been —

It appears also that, under the sinking fund act, the net surplus at the disposal of the company for the last fiscal year after payment of interest and dividend would be $725,010.07.

Your attention is also invited to the recommendations and views of