de Grace in Harford County. The bridge is constructed of steel and
concrete and is approximately 7,613 feet in length. It was opened
in August, 1940. The total cost of the bridge to September 30, 1950,
was $4,478,997.46, exclusive of bond discount. The income from tolls
and the number of traffic transactions for the fiscal year ended Sep-
tember 30, 1950, were $1,123,444.33 and 5,493,089, respectively.

Potomac River Bridge

Elwood E. Schaefer, Superintendent
Newburg

The Potomac River Toll Bridge crosses the Potomac River from
a point near Newburg, Charles County, Maryland, to a point in the
State of Virginia near Dahlgren. The bridge is constructed of con-
crete and steel, and is approximately 11,446 feet in length. It was
opened to traffic December 10, 1940. The total cost of the bridge to
September 30, 1950, was $5,381,057.18, exclusive of bond discount.
The income from tolls and the number of traffic transactions for the
fiscal year ended September 30, 1950, were $988,453.00 and $1,008,898,
respectively.

Chesapeake Bay Ferry System
B. Frank Sherman, General Manager
George W. Philips, Assistant General Manager
J. L. Daniel, Port Engineer

State Office Building, Annapolis Telephone: Annapolis 2354

In 1941, the State Roads Commission purchased certain properties
of the Claiborne-Annapolis Ferry Company, which included every-
thing used in connection with the operation of ferry service across
Chesapeake Bay between Annapolis and Matapeake and across East-
ern Bay between Romancoke and Claiborne. The name was changed
to the Chesapeake Bay Ferry System. The system is self-supporting,
deriving its revenue from ferry tolls, in 1943, a new ferry terminal
was constructed and opened for traffic at Sandy Point, at which time
the terminal facility at Annapolis was abandoned. Also, new ferry
slips were constructed at Matapeake and at Claiborne. The existing
ferry fleet now numbers five vessels—the Motorships "John M. Den-
nis", "B. Frank Sherman", "Governor Emerson C. Harrington, II",
"Governor Harry W. Nice", and "Governor Herbert R. O'Conor".

The capital value of the Ferry System, exclusive of road approaches,
at May 31, 1950, was $4,969,349.27. This amount includes $1,577,566.73,
representing the value of vessels, terminals, real property, shop and
vessel equipment, piers, tools, equipment, passenger cars, etc. (giving
effect to adjustment of capital properties acquired through the pro-
ceeds of Revenue Bonds and through general revenue). The amount
of $4,969,349.27 also includes $3,391,782.54, representing properties
acquired with funds derived from the sale of Chesapeake Bay Ferry
System Improvement Bonds, from a portion of the proceeds of State
Roads Commission of Maryland Refunding and Improvement Bonds,
and from moneys advanced by the State Roads Commission.

The net income from tolls for the fiscal year ended May 31, 1950,
was $1,543,296.39 resulting from 1,947,282 traffic transactions includ-
ing passengers; the net operating expenses including capital outlay
for the same fiscal year were $1,407,392.49.