Page:United States Statutes at Large Volume 41 Part 1.djvu/481

 460 SIXTY-SIXTH CONGRESS. Sess. II.i 014.91. 1920. "$gg§$;*_,¥,§’,’; $$3; nmmnuasmnwr or nmmcrrs nunmo ranrxnar. common. emlcontral. Mmm 0,mm_ Sec. 204. (a) When used in this sectionj _ _ ·‘C¤¤i€r." d The term "ca.rr1er" means a. carrier by railroad which, during any wmclelilgiisgigmaiigxiet part of the period of Federal control, engaged as a. common carrier in d¤'*¤¢F°°°'°'°°¤°*“‘· general trans ortation, and competed for traiiie, or connected, with a railroad under Federal control, and which sustained a deficit in its railwa 0 ating income for that portion (as a whole) of the period of F ntro during which it operated its own railroad or system E¤°°P“°¤¤- of transportation; but does not include any street or interurban electric railway which has as its principal source of operating revenue ` urban, suburban, or interurban passenger traffic or sale of power, heat, and light, or both; and · "'*`°=*P°'*°¢" The term "test period" means the three years ending June 30, 1917, _ (b) For the purposes of this section—— $,Q‘,'j';g’,}L°‘§°,§§',fg Fed. Railway operatglg income or any deficit therein for the period of °¤g}0j<;¤;,_*°,{,L¤°¤¤°°- Federal control sh be computed in a manner similar to that provided ’ in s_ec;io:n2109 with reqect to such income or deficit for the guaranty . Pmo S $,‘§Y"L’i §?sZ5f°'i°‘L Railway operating income or any deficit therein for the test period 3:11 biagomputed in the manner provided in section 1 of the Federal . . ntro et. m$Z°rZ?££§`ii$3i (c) As soon as practicable after March 1, 1920, the Commission ml °°‘“’°‘P‘”‘°°· shall ascertain for every carrier, for every month of the period of Federal control during which its railroad or system of transportation was not under Federal mgpemtion, its deficit in railway operating income, if any, and its way o ting income, if any, (hereinafter m·tLv¤¤z¤ for use po- called "Federa.l control return"l, and the average of its deficit in railway operatuiirincome, if any, and of its railway operating income, _ if anti: for the ee corregonding months of the test period taken §g,$’,”,‘g,'!, ,,0, ,,,,,_,m,_ toge er,_(hereinafter_call "test period retiu·n"): Provided. That {nar dwg; whois of " test period return," in the case of a carrier which operated its rail- °s W road or tsgstem of transportation for at least one year during, but not for e whole of, the test period, means its railway operating mcome, or the deficit therein, or the corresponding month during the_test genod, or the average thereof for the corresponding months during the test period taken together, during which the carrier operated its railroad or system of trans ortation. °,"§§{Q‘,;§,Q§§°§}'§jf}{Z (d) For every month of the period ofp Federal control during which exe. the railroad or_system of transportation of the carrier was not imder Federal operation, the Commission shall then ascertain (1) the difference between its Federal control return, if a deficit, and its test period return, if a. smaller deficit, or (2) the difference between its test period return, if an mcome, and its Federal control return, if a smal er income, or (3) the sum of its Federal control return, if a €*°<“*$°°°°”‘°"· dencit, plus its testzxgeriod return, if an income. The sum of such ._ amounts shall be cr 'ted to the carrier. °;iEL?,§r]i°§_°°mp°r`°°¤ (e) FOP every such m0I1tl1 the Commission shall then ascertain (1) the diiierence between the carrier’s Federal control return, if an income, and its test period return, if a smaller income, or (2) the difference between its test period return, if a. deficit, and its Federal control return, if a smaller deficit, or (3) the sum of its Federal _ _ control return, if an income, Jilus its test period return, if a deficit. St§;gg**$'°‘”°““"°" The sum of such amounts sh be credited to the United States. excess credits psy- (f) If the sum of the amounts so credited to the carrier under “"‘°‘°°“"‘°’· subdivision (d) exceeds the sum of the amounts so credited to the Carriers [10h 0p€1.'Bt· gg, gégjgg whom °‘ to the carrier. In the case of a carrier which operated its railroad or system of tra.ns£orta.tion for less than a year during, or for none of, the test apleriod, the foregoing computations shall not be used, but there sh be payable to such carrier its deficit in railway operating