8 REPORT OF THE

The report of the late President made to the Stockhold-
ers in June last, makes the following statement of the re-
ceipts and expenditures for the year ending 31st May 1870,
as compared with the preceding year :

"The freightage of the Canal for the current year ending
31st May 1870, compared with the preceding year, shows
the following result:

Receipts for freight in 1869 and 1870.
Descending freight for 1870........................ $346,784 97

Do. " " 1869....................... 284,895 12

Increase...................................................$61,889.84

Ascending freight for 1870....................... $28,614 64

Do. " " 1869.................... 25,642 33

Increase.......................................... $2,972 31

The ordinary expenses of the Company for the same years,
ending 31st May, 1869 and 1870, show the following
comparative result:

Repairs ordinary for 1869........................ $165,166 77

Do. " " 1870....................... 149,284 76

Decrease......................................... $15,882 01

Pay of Lock Keepers, Superintendents, Collec-
tors, &c., for year ending 31st May, 1870... $44,350 96

Pay of Lock Keepers, Superintendents, Collec-
tors, &c., for year ending 31st May, 1869... 37,226 22

Increase................................................... $7,124 74

The revenues of the Company derived from all
sources for the year ending 31st May, 1870,
amount to the sum of............................ $379,739 37

And there was a balance of cash in the Treasu-
ry on the 1st June, 1869, of..................... 78,011 21

Making a total sum of.............................. $457,750 58

And the expenditures during the year ending

31st May, 1870, were.............................. 332,654 39

Balance in Treasury June 1st, 1870............. $125,096 19