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PANAMA CANAL COMPANY

CANAL ZONE GOVERNMENT

ANNUAL REPORT

FISCAL YEAR ENDED JUNE 30, 1968

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PANAMA CANAL COMPANY

Balboa Heights, C.Z. OFFICE OF THE PRESIDENT

To THE Stockholder of the Panama Canal Company:

It is my pleasure to present this review of another outstanding year of Canal operations—a year marked by intense demands on the capabilities of the entire staff. Surging demand for Canal services, given added

impulse by Vietnam and the Suez closure and characterized by increasing transits of larger, specialized vessels, has tended to re-emphasize the

need for planned increases in Canal capacity.

Studies to this end were well under way by the end of the fiscal year. These Canal capacity studies are aimed at rational improvements in capacity programmed to ease restrictions when and where needed on

the basis of the greatest benefit at least cost.

Though not completed, the study is sufficiently well along to have

outlined a number of areas susceptible to improvement and programs

to that end are being analyzed as to their technical and economic

feasibility.

The essential goal now, as in the past, is a Canal capable of meeting

continuing challenge efficiently.

W. p. Leber,

President.

CONTENTS

PANAMA CANAL COMPANY

INTRODUCTION

Organization Chart

The Canal

Organization

Tolls Rates Board of Directors and General Officers

Highlights of Operations ....

Page

Faces page 1

1

1234 CHAPTER I—CANAL TRAFFIC

Traffic

Commodities and Trade Roittes Trends

79

12 CHAPTER II—CANAL OPERATIONS

Transit Operations

Maintenance

Canal Projects ....

13

1515 CHAPTER III—SUPPORTING OPERATIONS

Employee Services

Transportation and Public Utilities Housing

19

19

21 CHAPTER IV—PERSONNEL

Force Employed and Rates of Pay . Training and Employment Programs

25

27 CHAPTER V—FINANCIAL REPORT AND STATISTICAL DATA

Financial Statements and Related Supplementary Reports

Narrativic Statement 29

Financial Results 29 Equity of the U.S. Government 29

III
CONTENTS

Financial Tables

Table 1. —Comparative Statement of Financial Condition . Notes pertaining to financial statements Table 2. —Comparative Statement of Revenue and Hlxpenses

Table 3. —Statement of Changes in Equity of the U.S. Governn Table 4. —Statement of Source and Application of Funds

Table 5. —Statement of Revenue and Operating Expenses

Table 6. —Transit Operations—Statement of Revenue and Operating

Expenses

Table 7. —Supporting Services—Statement of Revenue and Operating

Expenses

Table 8. —Administrative and Other General E^xpenses . . . . Table 9. —Inventories Table 10. —Comparative Statement of Fixed Assets
CONTENTS

Other Statistics Page

Table 25. —Water Supply and Usage 124 Tablp: 26. —Dredging Operations 124 Table 27. —Electric Power Generated 125
CONTENTS

CANAL ZONE GOVERNMENT

Letter of Transmittal

Organization Chart

Introduction

CHAPTER I—GOVERNMENT ACTIVITIES

Page

127 128

129

Health . . . . Education ....

Police and Fire Protection Miscellaneous Activities CHAPTER II—FINANCIAL REPORT AND STATISTICAL DATA

Financial Statements and Related Supplementary Reports

Narrative Statement

Invested Capital

Capital Expenditures

Financial Results

Table 1. —Comparative Statement of Financial Condition . Table 2. —Statement of Changes in Equity of the U.S. Government

Table .^. —Statement of Operations

Table 4. —Comparative Statement of Fixed Assets CHAPTER III—STATISTICAL TABLES

131 133 134

137

139 140

14n

141

140

142

143

144

Table 5. —Hospital Occupancy

Table 6. —School Enrollment Table 7. —Police Statistics Table 8. —Fire Division Statistics Table 9. —Postal Service Statistics Table 10. —Customs Activities . Area of the Canal Zone

145 146

146

146

147

147 147
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INTRODUCTION

THE CANAL

The Panama Canal is a lock-tvpe canal approximately 51 miles long from

deep water to deep water. The minimum width in the dredged channel is >0O 30 feet with the exception of approximately one and one-half miles in Gaillard

Cut which are currently being widened from the preyious minimum of 300 feet and which will be completed in 1969. Nayigable channel depth varies according to the amount of water available in Canal water storage areas. The normal range of permissible transit draft is from 37 feet to 40 feet with current Company planning aiming at future minimum levels of 39 feet year around.

Vessels transiting the Canal are raised in three steps to the level of Gatun

Lake, the principal source of Canal water, then lowered to sea level again

in three steps. The three sets of Canal locks are paired which permits

simultaneous lockage of two vessels in the same direction or of two vessels passing in opposite directions. Since August of 1914, the official date of its opening, the Panama Canal

has sei-ved world trade virtually without interruption. Through this fiscal year a total of 403,230 vessels of all tvpes have transited with 321,457 or 79.7 percent of the total being of the ocean-going commercial class. The

additional role of the Canal in the service of the national intlelrest during years

of war and strife from World War I through Vietnam is well documented

and incontestable. ORGANIZATION

The Panama Canal Company is under the direction of a Board of Directors

appointed by the Secretary of the Army in his capacity as "Stockholder" and

representative of the President of the United States. Management is by a

career force comparable in selection and status to all personnel under U.S.

civil sei-yice as well as bv military personnel (including the Governor, the

Lieutenant Govemor and a number of other ranking positions) assigned to the organization.

The basic mission of the Company is the efficient operation and maintenance

of the Panama Canal as well as the conduct of business-type activities inci- dent to operations of the Canal and of the Canal Zone Government. The

Company and the Canal Zone Government, the independent agency of the United States charged with the civil government of the Canal Zone, are

closely related in mission, organization and operations. Their combined

function is the administration of the Panama Canal enterprise as a whole.

The Govemor of the Canal Zone, as appointed by the President of the United

1
2 INTRODUCTION

States, is responsible tor the administration of the Canal Zone Government,

under the supei-vision of the Secretary of the Army, and is ex officio a Director and President of the Company.

The Panama Canal Company is expected to: (a) recover all costs of operation

of its facilities, including depreciation, (b) pay interest to the U.S. Treasurv on the net direct investment of the U.S. Government in the Company, and

(c) reimburse the Treasury for annuity payments to the Republic of Panama

under the convention of 1903 as modified by the treatv of 1936 between the two governments. In addition, the Companv is obligated to pav into the U.S. Treasury the net costs of the Canal Zone Government, including

depreciation.

Annually the Board of Directors is required to determine the Company's

working capital requirements together with anticipated expenditures for authorized replacement and expansion of facilities. Fmids in excess of the required amoimts ajre to be returned to the Treasurv as repavment of capital.

Funds other than working balances are carried with the U.S. Treasm-v. Company activities are classified as transit operations or supporting

services. Transit operations cover functions directlv related to the water- way, the transiting of ships, and to sei-vices to shipping including channel

maintenance and locks operation. Supporting services include vessel repairs,

harbor terminal operations, the railroad, the Companv supplv ship, motor

transportation facilities, storehouses, an electric power svstem, communication system, a water system, and many other seivices essential to employee

welfare such as retail stores, restaurants, and quarters.

TOLLS RATE

The rates of Canal tolls remained unchanged during the vear. Tolls rates are as follows:

(a) On merchant vessels. Army and Navy transports, tankers, hospital

ships, supply ships, and yachts when carrying passengers or cargo: 90 cents per net vessel-ton of 100 cubic feet of actual earning capacity. Such ton- nage is determined in accordance with the "Rules for the Measurement of Vessels for the Panama Canal;"

(b) On such vessels in ballast, without passengers or cargo: 72 cents per

net vessel-ton;

(c) On other floating craft: 50 cents per ton of displacement.

Tolls charges are at the same level as set on March 1, 1938. They are lower than those charged prior to that date.
PANAMA CANAL COMPANY 3

BOARD OF DIRECTORS AND GENERAL OFFICERS

Board of Directors

Hon. Stanley R. Resob, Stockholder

Secretary of the Army

Hon. David E. McGiffert, Chairman of the Board

Under Secretary of the Army

Maj. Gen. W. P. Leber, U.S. Army

Governor of the Canal Zone

Hon. Donald G. Agger, Department of Transportation

Stephen Ailes, Steptoe and Johnson

Dr. John C. Elac, Institute for Latin American Integration

Hon. J. K. Mansfield, Department of State

Robert C. Mitchell, First Federal Savings and Loan Association

Hon. Covey T. Oliver, Department of State

Howard C. Petersen, Fidelity Philadelphia Tnist Company

Dr. Charles |. Ztxn', Law Revision Counsel, Committee on

the Judiciary, House of Representatives.

General Officers

Hon. David E. McGiffert, Chairman of the Board

Maj. Gen. W. P. Leber, USA, President

Col. H. R. Parfitt, LISA, Vice President

Philip L. Steers, Jr., Comptroller

W. M. Whitman, Secretary
4 INTRODUCTION

COMPARATIVE HIGHLIGHTS OF OPERATIONS

Fiscal year Oceangoing transits: ^968 1967 Commercial 13,199 12,412 Government 1^504 879

Free __ io4^ 94

Total 14,807 13,385

Daily Average 40.5 36.7 Small transits: Commercial 571 570 Government 121 IQI Free 12^ 14^ Total 704 685

Total cargo: Commercial 96,558,522 86,207,511 Government 8,497,265 6,147,565 Free 482,531 642,882

Total 105,538,318 92,997,958

Total tolls and tolls credits: Commercial $83,943,461 $76,804,031 Government 9,211,220 5,492,625

Total $93,154,681 $82,296,656

Number of full-time Company employees (as of June 30): Non-U.S. citizen 9,800 9,431

U.S. citizen 2,489 2,626*

Total Company employees 12,289 12,057

"Includes 120 SS Cristobal employees classified as full-time in 1967 and considered to be

intermittent employees for force ceilinu purposes in 1968.
PANAMA CANAL COMPANY

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Cltapter I

CANAL TRAFFIC

TRAFFIC

Panama Canal tiaffic rose dramatically during fiscal year 1968 to exceed

all previous records. Two dominant forces, the Vietnam war and the Suez

closure, have had a significant eff^ect on all aspects of Canal traffic: transits, cargo transited, and tolls. Total oceangoing transists were 14,807, 10.6 percent above last year's 13,385. Of the total, 13,199 were commercial transits, 1,504 were U.S. Government and 104 were free Colombian and repair transits. Comparable

figures for fiscal 1967 were: commercial 12,412, U.S. Government 879, and

free 94 transits. Total transits of small vessels, which do not pla\' an important role in Canal traffic, were 704 compared to 685 in 1967. A total of 105,538,318 long tons of cargo passed through the Canal in 1968, exceeding the 1967 level by 12,540,360 tons for an increase of 13.5

percent. Cargo earned in oceangoing vessels was 96,550,165 long tons commercial, 8,497,221 tons U.S. Government and some 482,483 long tons by the free categorw The most impressive gain was a 38 percent increase

in U.S. Government cargo transited from the 6,147,479 long tons of 1967

followed bv the 12 percent gain in commercial from the 86,193,430 of the

prior vear. Cargo carried bv free Colombian and repair transits declined

from 642,882 long tons by 2.5 percent. Total cargo carried by small vessels

transiting the Canal was negligible. Total tolls and tolls credits also increased significantly (as did Panama

Canal net measurement tons, the basis for tolls) to $93,154,681 compared to $82,296,638 in 1967 for a 13.2 percent increase. Oceangoing commercial

tolls were up $7,138,457 to $83,907,062; Government tolls credits rose by

$3,722,249 to $9,206,815. Tolls and tolls credits for small craft were $39,772.

A tabulation of the four principal features of oceanooina traffic for the past 3 years is shown below:

Fiscal year 1968 1967 1966 Number of oceangoing transits 14,807 13,385 12,601

Panama Canal net measurement tons and

reconstructed displacement tonnage— 107,950,650 95,354,709 83,401,495

Cargo (long tons) __ 105,529,869 92,983,791 85,302,330

Total tolls and tolls credits $93,113,877 $82,253,172 $72,541,348

Vietnam has affected traffic directh' and indirectlw The direct impact is
CANAL TRAFFIC

PRINCIPAL COMMODITY GROUPS

TRANSITING THE CANAL OCEAN GOING COMMERCIAL CARGO

FY 1968

PERCENT OF TOTAL CARGO PETROLEUM 8 PRODUCTS

COAL a COKE

ORES a METALS

NITRATES, PHOSPHATES a POTASIMISC- AGRICULTURAL COMMODITIES

LUMBER a PRODUCTS

MANUFACTURES OF IRON a STEEL

CANNED a REFRIGERATED FOODS

1"

J ' .....J

MISC. MINERALS

CHEMICALS a PETROCHEMICALS

MACHINERY a EQUIPMENT

J I I L

( MILLIONS OF LONG TONS )
PANAMA CANAL COMPANY 9

immediatel)' noticeable in tlie sharp rise in Goveimment traffic which, pre- Vietnam, averaged something less than 300 transits, 1.4 million tons of cargo and $1.6 million tolls credits annually. Another indication of the magnitude

of Vietnam is gained bv comparing the 1,504 Government transits of 1968

to the 1,064 such transits at the peak of the Korean War. It is also significant that vessels were, on average, 16 percent smaller during the Korean war period.

While sharply rising Government traffic directly reflects the heightened

level of involvement in Vietnam, increased oceangoing commercial traffic is also indirectly a result of it. Offshore purchases by the Department of Defense,

military personnel and U.S. industrial spending in the Pacific basin has tended

to stimulate the economies of a number of countries that are important to the Canal, principally japan.

The second upward force on Canal traffic, the closure of the Suez Canal, has

aff^ected both commercial and Government traffic. The impact of Suez, which

closed just prior to the beginning of the fiscal year and which to date has not been reopened, was felt during the entire year and continues to be an active force in Canal traffic. Principally affected have been vessels normally plying

the route from various eastern European, Mediterranean and Black Sea ports

to the Far East which are now re-routing via the longer Panama Canal route. In addition, U.S. Government vessels which previously transited Suez to Vietnam have now been added to the Panama traffic pattern.

COMMODITIES AND TRADE ROUTES

A number of commoditx' groups have maintained relativeh' stable levels of importance to Canal traffic in recent years. Chart A, page 8 shows the groups as thev stood in 1968 in descending order of importance. The groups shown accounted for 94 percent of total oceangoing commercial cargo in 1968

and 92 percent in 1967. All commoditv groups increased in volume in 1968 with the exception of chemicals and petro chemicals which remained

virtuallv unchanged.

The most significant change occurred in shipments of coal and coke which

rose sharpK- from 9.4 million long tons in 1967 to 13.2 million tons in 1968. Coal movements which represent 99 percent of the total commodity group were virtuallv all (98 percent) destined for Japan as coking coal for use by

the Japanese steel industrx'. Significant in the increase was some 752,000

long tons of coal out of Baltic Poland and Black Sea Russian ports to Japanshipments which would normalh' have been routed via the shorter Suez route. Though the commoditv group ores and metals showed only modest

improvement as a group, up 6.7 percent from the prior \'ear, the individual commodities comprising the group underwent some sharp changes. Greatly

reduced shipments of scrap metal to Japan, reflecting a decrease in imports

of scrap for the steelmaking process, were more than offset by major movements of pig iron from European and Soviet ports to Japan re-routing through

Panama because of Suez. In 1967, the last month of which was affected bv Suez, some 351,000 long tons of iron metal moved along the Panama Canal

route while in 1968, 1.6 million tons ware transited. The exact amount

accruing to the Panama Canal because of Suez can onlv be estimated, but
10 CANAL TRAFFIC
PANAMA CANAL COMPANY 11

at least 1 million tons would appear to be a conservative estimate. Also in the commodity group, reduced copper shipments were similarly offset by

increased movement of bauxite from Australia to the U.S. Virgin Islands. Iron ore and pellets from the West Coast of South America to Europe and

the United States continued the dowaiward trend as shipments dropped to 3.1 million tons from 3.9 million tons in 1967; such shipments represented

97 percent of total ia-on ore and pellets in 1967 and virtually 100 percent

in 1968.

Still the number one commodity group in Canal traffic, peti'oleum and

products rose 5.7 percent to 17.6 milUon long tons in 1968 from the 16.8

million tons in 1967. Crude oil shipments, which represented 30 petrcent of the group, increased in 1968 by 11.6 percent with most of the increase accruing in Venezuelan shipments to Ecuador and Peru which served to offset declining qrude shipments from Venezuela to the West Coast of the United

States. Other commodities within the group such as kerosene and jet fuel and diesel and fuel oil were up moderately while gasoline shipments dechned

by some 250,000 tons reflecting Department of the Interior restrictions on

imports from Puerto Rico to the West Coast of the United States which took

effect about the middle of 1968. One salient characteristic of 1968 commodity movements has been the continuation of the trend toward extreme concentration of shipments to

specific areas and countries of the world. As Chart B, page 10 indicates Asia

is now responsible for approximately 48 percent of cargo through the Canal

on the basis of origin and destination. Further, a single country Japan, con- tinued its rise in the ranks of Canal customers to a level of 39 percent of

total oceangoing commercial cargo on the same basis. In part Vietnam and

Suez have accounted for the extremely sharp rise of 1968, but a review of Chart B and the data from 1947 indicates the continuous upward trend. Nine major trade routes in Canal traffic are shown in tabular form in the

following table with a comparison of their importance in 1967 and 1968. Two

routes showing the sharpest rise in cargo movement. East Coast United States- Asia and West Indies-Asia, further demonstrate the tendency of the traffic to the Far East. A third sharply rising route Europe-Oceania would appear to be at least partially due to the Suez closure as European shipments to Australia, the bulk of which nonnally go via the Suez route, shifted to Panama.
12 CANAL TRAFFIC

MAJOR TRADE ROUTES IN CANAL TRAFFIC

Fiscal year

(in thousands of tons)

1968 1967 Panama Panama

Canal Long Canal Long

net tons net tons Trade route tons cargo tons cargo East Coast United States-Asia 30,249 34,691 25,085 29,742 Europe-West Coast United States, Hawaii, and Canada 7,870 7,481 7,321 6,916

East Coast United States-West Coast South America. 8 ,382 6 ,778 9 ,680 7 ,867 Europe-West Coast South America 7,603 5,901 7,425 5,754

U.S. Intercoastal (including Alaska and Hawaii) 4,306 4,678 5,065 5,273 South America Intercoa.stal 2,812 3,498 2,144 3,163 West Indies-Asia 2,166 2,618 2,022 2,001 Europe-Oceania-.. 3,524 2,762 3,075 2,184

Europe-Asia. _._ _._ 3,582 4,642 1,030 1,075

Subtotal 70,494 73,039 62,847 63,975

All other routes..- .- 25,994 23,511 25,419 22,218

Total 96,488 96,550 88,266 86,193

Percent in-
Ckapter II

CANAL OPERATIONS

Canal operations may be grouped according to basic functions as transit operations, maintenance, and special projects. These functions are not mutually

exclusive and are the responsibility of several bureaus within the Canal agency. TRANSIT OPERATIONS

Transit operations during fiscal 1968 involved the largest number of ocean- going vessels ever handled through the Panama Canal. Not only did the 14,807 transits represent an increase of 10.6 percent over 1967 traffic, but

the transiting ships were, on average, some 2.3 percent larger as measured in Panama Canal net tons. Ship beam size provides another basic indicator of

transit workload. In 1968, 1,593 transiting ships were in the 80 foot and

over beam class compared to 1,309 in 1967, and 260 vessels were 100 foot beam and over versus 232 in 1967. In addition, more large vessels transited

at deeper draft than ever before with 1,160 ships drawing 34 or more feet while only 900 such deep draft transits were registered in 1967. The basic significance of larger, beamier, deeper draft ships transiting in greater number is the increased handling time necessary as well as the higher

levels of coordination of operations and personnel skills required. Large,

deeply laden vessels require more tugboat assistance, are more difficult to con through the Canal, take longer and require more careful handling

approaching the locks and locking through, and always present a greater

handling risk sometimes compounded bv the type of cargo carried such as highly volatile aviation gasoline. During 1968 large ship transits were made

somewhat more difficult because of continuing excavation in the remaining narrow reaches of Caillard Cut. A new record in daily transits was established in February 1968 when

65 oceangoing vessels transited in a 24-hour period, reflecting the working

off of a backlog of ships awaiting transit due to the Shozan Maru incident discussed below. In addition, a new sustained high traffic level was set during April 21 through the 29 when 428 oceangoing ships transited for a daily average of 47.6 transits, as heavier than usual workloads coincided

wdth routine locks overhaul creating a temporars' backlog. Time spent by

vessels in Canal Zone waters, excluding time spent for their own account, was an average of 18 hours per transit compared to the 14-hour average during 1967. The number of ships spending more than 24 hours in Canal

Zone waters reached 3,110 or 21 percent of the total. 13
14 CANAL OPERATIONS

MlCb
PANAMA CANAL COMPANY 15

Two major accidents occurred in 1968 one of which could have had very

serious consequences if it had not been handled rapidlv and efficaciouslv. On February 25, the Shozan Mam laden with iron ore sheered and struck the

east bank in Gaillard Cut holing the vessel and causing it to sink in the Cut

channel. Though damage to the Shozan Mam was serious, the possible conse- quences to world shipping of a Canal closed to transit for anv length of time far outweighed the immediate damage to the ship. That the channel was closed only 18 hours and 20 minutes is a genuine tribute to the capabilities of the work force of the Panama Canal which succeeded in refloating the vessel using air pumped into the hull and removing it from the Cut. A second

accident which did not affect Canal traffic occurred when the Oriana struck

the bank in Bohio reach causing damage and delav losses in excess of $1 million. MAINTENANCE

The Panama Canal, now in its second half centur\- of operation, has required

constant maintenance, design improvements and structural up-grading without

which the Canal could not have fulfilled its task over the vears. Such

basically routine functions as channel dredging, maintenance of channel

markers and locks overhauls were accomplished in 1968 with the same high

level of competence as in past years. Approximatelv 1.5 million cubic vards of earth and rock were dredged from

the Canal channel, the Pacific and Atlantic entrances and from various harbor

areas in regular maintenance dredging programs. In addition, considerable

dredging was completed under special programs and some emergencv removal

became necessarv during the vear because of material moving into the channel

due to construction blasting.

Some 2,500 navigational aids located in the channel and its approaches were in sei*vice and were maintained during 1968. The total includes the

electricallv operated fluorescent luminaries which comprise the Gaillard Cut

lighting s\'stem and the Gatun and Miraflores locks approach lighting. The

magnitude of the job can be appreciated when it is recalled that the fully

marked Canal channel from breakwater to breakwater is over 50 miles long.

The methods used for Locks Maintenance, a vital part of maintaining an

efficient Canal, have been constantlv improved over the vears. The overhaul

of Gatun Locks during the 1968 drv season utilized a svstem in use since 1961

marking the last \'ear in which that particular svstem will be used. The over- haul was accomplished in four stages, each requiring approximatelv 20 days

of lane outage causing a moderate backlog of ships waiting to transit. Future

majcJr overhauls will reduce lane outage time to 6 davs or less which, in view

of ever rising transits will be not onlv desirable but necessarv to continued

efficient performance.

It is easv to slide over or dismiss maintenance as "routine" especiallv when

more dramatic aspects of Canal operations are considered, but it is well to remember that the net value of the Panama Canal Compan\' propertv, plant

and equipment is almost $500 million, and that maintenance and improvement

of fixed plant are the backbone of the organization.

CANAL PROJECTS

All Canal improvements projects are designed to either enhance capacit\' or safetv or both. Current studies to improve the Canal were begun in 1967
16 CANAL OPERATIONS
PANAMA CANAL COMPANY 17

as an extension of previous studies and continued through the fiscal year just past. Considerable time and effort were expended during the year running

Canal capacity studies at the three locks sites, feeding the data into computers

for simulation tests and selecting, testing, accepting or rejecting a variety of proposals for improvement. Though studies are not vet complete a number

of promising areas for real improvement have been outlined as possible future projects.

One project cun'ently under way and scheduled for completion in 1969 is the widening of Gaillard Cut to a full 500 feet along its entire length. This

pi-oject, a result of prior studies, is onlv one and one half miles from completion

and when completed will provide a decidedly safer channel than before. A potentiallv dangerous situation developed during 1968 which required

immediate emergencv action. During April a pattern of large ground cracks extending 1,200 feet along the slope of the Canal on the west side of Culebra

reach in Gaillard Cut wei-e discovered. An immediate full scale investigation was initiated in order to deteiTnine the geologic structure of the mass in motion, its cubic magnitude, and the rate of surface motion. Field inspection

showed that to a lesser degree the cracks extended 2,800 feet farther north

for a total distance of 4,000 feet involving most of the west bank of Culebra

reach. An extensive surface and subsurface field monitoring system was put

into action and the adjacent channel was put under 24-hour surveillance. Lime sIuitv was placed in cracks at strategic locations, diversion ditches were

dug, and sandbag revetments were put in rock areas in order to divert rainfall from the cracks. Action taken during 1968 was essentiallv of an emergencv

nature while any permanent changes such as grading back would have to await the 1969 drv season.
18 CANAL OPERATIONS

oi
Chapter III

SUPPORTING OPERATIONS

Panama Canal support operations are in the long run as vital to the smooth

working of the organization as anv of the other activities within the agency.

In most cases support operations perfoiTn a dual role as direct backup to Compan\'/''Covemment operations and indirectlv via the provision of employee services which ultimately redound to the organization's benefit. For

convenience of discussion the operations are grouped under: Employee

Services, Transportation and Public Utilities, and Housing.

EMPLOYEE SERVICES

Emplovee services include the provision of retail stores, service centers,

theatres, and various other recreational facilities. The retail stores in the Canal Zone are combination stores operated by the Panama Canal Companv and are located in all major Canal Zone communities. Various supplies for home and personal use are stocked including

food items, clothing, funiiture, and other products such as would be found

in similar retail outlets in the United States. With some exceptions prices

during the \'ear were maintained roughlv on a par with prices of a private

retail chain located in New Orleans, the site of Panama Canal Company

procurement.

In 1968 total marketing operations grossed approximateh' $26.8 million, or $1.8 million over the previous vear. Tliough the Canal Zone population

has been relativeh' stable over the vears and total sales at retail have reflected

this stabilitv, some growth has occurred and wage increases of recent years have resulted in higher sales as emplo\'ees have upgraded their purchases.

An additional and considerable part of the increase has, of course, been the

result of inflation ke\ed to U.S. price increases as well as autonomous Canal

Zone increases designed to cover higher wage costs. Prices of food items

rose some 3 percent, apparel approximately 5.5 percent, personal care items some 4 percent, and all items rose approximateh' 7 percent during the \ear.

TRANSPORTATION AND PUBLIC UTILITIES

The operations of harbor terminals, the railroad, and motor and water

transportation facilities are managed b\- the Transportation and Terminals

Bureau.

Basicallv, terminals operations involve the handlino; of general cargo and

petroleum shipments for the Canal Zone, the Republic of Panama, and in

19
20 SUPPORTING OPERATIONS

and out shipments tliat are dropped at the piers for transshipment. The

cargo tonnage workload handled, transferred, and stevedored during 1968

declined some 86,000 tons to 2,361,000 from 2,447,000 tons in 1967. The

decline was primarily due to the competition of a private Panamanian steve- doring firm which began its operation in May of 1967, and secondarily to the diversion of some roll-on roll-off cargo to Las Minas Bay, Panama, since handling facilities for this type of cargo do not exist in the Canal Zone. Marine bunkering operations increased substantially in 1968 over the prior year with 61.5 million barrels passing through Panama Canal Company

facilities this vear versus 48.3 million previously. The increase is largely

due to higher Canal traffic, high ocean freight rates and the convenience and

apparent price attractiveness of bunkering in the Canal area when ti'ansiting. All bunker fuel sold is by private firms with the only return to the Panama

Canal Company being for the use of storage and handling facilities. Operations of the Panama Railroad reached new highs diu-ing 1968 as freight tonnage of 209,414 tons and passenger travel of 836,192 ti-avelers exceeded the previous vear by 6 and 13 percent respectively. The increased

number of passengers carried is especially noteworthy as it was the first time

in over 25 years that more than 800,000 persons traveled on the railroad during any single year. The freight load of 209,414 tons was also a record

breaker. It has been over two decades since the railroad carried more than

200,000 tons of freight, the last time being just prior to the opening of the competitive Trans-Isthmian Highway to full commercial use. Motor Transportation comprises a vehicle fleet of 720 and consolidated

repair shops and garages on both sides of the Isthmus. In addition, the

franchised public bus transportation system operating in the Canal Zone is supervised by the Motor Transportation Division. Total vehicle mileage by

the fleet was 8.7 million miles in 1968 as compared to 7.7 million in 1967. Transportation sei-vices income, including cost transfers, increased to $2.7

milhon from $2.5 million in the previous year. Vehicle use includes: the

transportation of Company/Government employees on official business, the moving of heavv construction equipment to on site locations, the hauling of petroleum products for power generation, and the bussing of school children. The Panama Canal also owns and operates an oceangoing steamship, the SS Cristobal, which operates as a combination passenger-cargo vessel between

the Canal Zone port of Cristobal and New Orleans. The vessel makes a scheduled 27 round trip vovages annuallv. Passengers carried in 1968 were up slightlv to 6,200 from the 6,100 of 1967. Freight carried declined by

2 percent during the year, while operating expenses increased substantially

in 1968 reflecting increased New Orleans handling costs as well as increased

crev/ wages and benefits. These costs were partiallv offset by increased

freight rates, but the over-all operating deficit was still $107,000 compared

to $162,000 in 1967 of which $89,000 was a special non-recurring item. Public utilities semces are provided by a number of Canal Company

organizations not only to the Company/Government and their emplovees and

dependents, but to the military and other Government agencies, private

organizations and firms, and others in the Canal Zone. The svstem is inter- connected with a private power system in the Republic of Panama and some power is interchanged.
PANAMA CANAL COMPANY 21

Electric power requirements increased in 1968, as thev have in all recent

years. The peak load reached during the \'ear was 95,400 kilowatts compared

to the previous high of 92,100 kilowatts during 1967. Total gross power

generated by Company hydroelectric and thermal generating units and

purchases of power from commercial and military sources totaled 622,252,800

kilowatt hours during the year. In order to temporarily ease the power

shortage problem, the Company leased late in 1968 the floating nuclear

po\\'er plant Stttrgis which will add 10 megawatts to plant. A partial,

longer-term solution will be the construction by the Military of a 33-megawatt

plant at the Miraflores plant site to meet added military requirements, and

another possible long-iterm solution is to be off^ered by the construction of a power plant in the Republic of Panama for partial use by the Company/

Covemment on a contract basis. This installation will, in conjunction with

the military plant, provide sufficient extra capacity to meet emergency

demands as well as day-to-day operational demands.

With the assistance of private consulting engineers, specifications were

prepared and bids invited during 1968 for the replacement of the Balboa and

Pedro Miguel telephone exchanges. A complete new telephone system for the entire Canal Zone was considered, but only the most critically needed

segments of the system will be replaced at this time. The new exchanges

should be in operation during 1970.

Filtered water production increased during the vear to meet the additional demand from the Republic of Panama as well as the Canal Zone. It is now

estimated that plant capacity will be reached during 1969 and the Government of Panama has been so advised and is taking the steps necessary to

alleviate the problem. A 56 million gallon per dav plant is being planned

to sen'e Panama City and surrounding areas, using the Madden reservoir as a source of raw water. HOUSING

The provision of adequate housing has been a chronic problem in the Canal Zone. A brief study made by representatives of the Federal Housing

Administration in 1968 at Company request confirmed that at least 862 U.S. housing units, or approximately one third of the total, are ". . . undesirable

or substandard as compared to what an American family in a similar income

group would prefer, if acting intelligently and well informed in a free rental market." The average age of Company U.S. citizen housing is approximately

25 years with no new houses having been built in the last 5 years. Though

age per se is not an indication of quality, a large part of Company housing was built of wood in a tropical environment not suitable to wood frame

construction, built during the Depression or World War II according to the

resti-ictive standards of those two hardship periods, and in many cases was

built along construction camp lines for supposedK' temporary use. Inadequate housing is now deemed to be a basic reason for many U.S.

hire emplo^'ees leaving the Company/Government after expiration of the

initial 2 year contract. The high turnover rate especialh' applies to the

professional category individual. Data covering U.S. citizen family housing

is shown in the table below:
22 SUPPORTING OPERATIONS

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PANAMA CANAL COMPANY 23

U.S. CITIZEN FAMILY HOUSING

June 30, 1968 June 30. 1967 Total famUy units 2,506 2,507

Occupied 2,418 2,404 Vacant 88 103

Families in bachelor units 100 82

Vacancy factor 3.5 4.1 Family in leased apartments in R. P 34 33

Cnapter I

PERSONNEL

The Personnel Bureau of the Panama Canal Company administers and

manages a variety of functions for, in 1968, 16,094 employees of the Company

and the Canal Zone Government. Its functions are performed within the framework of laws, executive orders, and regulations applicable to Federal

employees generallv, together with applicable provisions of the Canal Zone

code and regulations of the President of the United States and the Secretary

of the Army relating to employees of Government agencies in the Canal Zone,

and the bylaws of the Panama Canal Company.

FORCE EMPLOYED AND RATES OF PAY

The total civilian force of the Companv/Govemment in the Canal Zone

as of June 30, 1968, was 15,893 as compared to 15,282 as of the same date

in 1967; the increase of 611 persons represents an approximate 4 percent gain. In addition to the Canal Zone force there were 157 employees in the United

States (4 in Washington, 29 in New Orleans, and 124 officers and crew of the SS Cristobal), 10 in the Republic of Panama and 34 military employees

located in the Canal Zone not included in the figures above. The work

force of the Company/Government organization in the Canal Zone is composed

of 74 percent Non-U. S. citizens (predominantly Panamanian) and 26 percent

U.S. citizens. A comparative tabulation of the Companv/Govemment full-time force is shown below by citizenship and bv wage base:

Fiscal Year 1968 Fiscal Year 1967

U.S. Non-U.S. U.S. Non-U.S.

Citizen Citizen Citizen Citizen U.S. Wage Base: Panama Canal Company 2,251 948 2,401 891 Canal Zone Government 1,504 478 1,363 434

37755 M26 3,764 i;325 Canal Zone Wage Base: Panama Canal Company 238 8,852 225 8,540 Canal Zone Government 54 1,046 137 1,057

~292 9^^898 ^62 9^

Total Full-time Force 4,047 11,324 4,126 10,922

1 Includes both Panama Canal Company and Canal Zone Government personnel.

25
26 PERSONNEL

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Ui Q U 111 et & a uuO

ro
PANAMA CANAL COMPANY 27

Rates of pay are established on a Canal Zone wage base for occupational

categories which can be filled by recruitment on the Isthmus and on a U.S. wage base for those positions which would normally be filled by recruitment

from the United States. Up until the mid 1950's only citizens of the United

States were eligible for emploxment in executive, sup>ervisorv, professional,

subprofessional, and clerical positions. Since that time, however, progress has been made in emploxing non-U. S. citizens, primarily Panamanian, in positions of responsibilit\' and at a higher U.S. rate of pav. In addition, rates of pay to non-U. S. citizens on the Canal Zone wage base have recently tended

to increase at a faster rate than that of U.S. citizens. TRAINING AND EMPLOYMENT PROGRAMS

There are a number of Company training and employment programs

designed, to improve the organization's hiring position. In 1968, as in all recent prior vears, U.S. recruitment of qualified employees has been severely

handicapped. Housing which is a prerequisite to States hiring is, and has

been, inadequate for a number of \ears. Further, high levels of employment

in the States coupled with reduced financial incentives to work in the Canal

Zone, have reduced the U.S. employee pool available to the Canal.

Increasingly the Company has turned to the Panamanian labor market

for its skilled employee needs, and accordingly major emphasis throughout

1968 continued to be centered on increased utilization of locally available

applicants, particularly citizens of the Republic of Panama, both through

emphasis on direct recruitment and on special training programs. Of special

significance have been the Floating Equipment Training Programs which were

atithorized in April of 1968 in order to utilize locally available U.S. and

non-U. S. citizen in-service personnel for filling of floating equipment positions of tugboat masters and mates and dredge mates and engineers. Of 42

screened applicants for the positions 14 were non-U. S. citizens. Another important activity has been the work of the Special Placement

Branch established to aid in the search for and placement of qualified Pan- amanians in positions of responsibility in the Company/Government. Considerable progress was made in this area during 1968 as is shown in Chart C,

page 26, showing the increasing number of Panamanian citizens in U.S. wage

base positions in terms of percent of the total number of U.S. wage positions

in the Compan\' Govemment. The basic idea is to locate and employ

professional and subprofessional persons at the U.S. wage base in order to substitute local hire for U.S. recruitrrjent.

To help smooth the way for easier entry to Company/Government jobs at

all levels the number of "securitx" positions required for continuit\' of operations was reduced in many occupational categories. At the close of 1968

only two occupational groups. Canal Zone pilots and customs guards and

inspectors, remain as total securit\' position groups. All other occupations

are now made up of various combinations of security and non security

positions, thus parth' eliminating the former restrictions on emploxment of Panamanians in these occupations. Further progress in this area will be the aim in future vears.

Ckapter V

FINANCIAL REPORT AND

STATISTICAL DATA

FINANCIAL STATEMENTS AND RELATED SUPPLEMENTARY

REPORTS FOR THE YEAR ENDED JUNE 30, 1968

The financial statements of the Panama Canal Company appearing as tables 1 through 10, with the accompanying notes, present the financial position of the Company at June 30, 1968, and the financial results of its operations

for the fiscal year then ended.

All statements have been examined by the General Auditor of the Panama

Canal Company and are subject to audit by the Ceneral Accounting OflBce. Detailed audit reports of the General Accounting Ofiice are directed to the Congress and are presented as congressional documents.

Summary information concerning operating results, net direct investment

of the U.S. Government and retained revenue, and capital expeditures follows: Financial Results Net revenue for fiscal year 1968 amounted to $11.4 million after interest payments of $12 million and net cost of Canal Zone Government of $22.5

million. Corresponding net revenue for fiscal year 1967 amounted to $13.1

million after payments of $12.2 million and $21.7 million for interest and net

cost of Canal Zone Government, respectively.

Equity of the U.S. Government

The interest-bearing net direct investment of the U.S. Government in the

Panama Canal Company was reduced $10 million during the year as the

result of a capital repavment on December 8, 1967. Capital Expenditures

Capital expenditures amounted to $13.7 million for the year as compared

to $8.4 million for the preceding fiscal vear. The budgeted estimate for the year was $15.1 million. The largest expenditure, amounting to $5.9

million, was for widening Las Cascadas-Bas Obispo Reaches and the second

largest expenditure, amounting to $1.2 million, was for the purchase of two tugboats.
30 FINANCIAL REPORT AND STATISTICAL DATA

Table 1.—Comparative Statement of Financial

Assets 1968 1967 CtTRRENT Assets: Fund balances with U.S. Treasury and cash: Fund balance in U.S. Treasury checking

account $25,321,852 $17,358,927

Cash in commercial banks, on hand, and in

transit 2,123,755 5,946,271

27,445,607 23,305,198 Accounts receivable: Canal Zone Government and other U.S. Government agencies 1,634,965 4,237,822

Republic of Panama 2,835,970 2,597,227 CXher 3,177,784 2,687,788

7,648,719 9,522,837

Inventories (note 1): Materials and supplies _ 8,440,820 7,771,086

Merchandise held for sale 4,466,057 4,.384,942

12,906,877 12,156,028 Other current assets 214,623 135,611

Total current assets 48,215,826 45,119,674

Fixed Assets ( note 2 )

Cost 710,894,935 698,303,629

Less depreciation and valuation allowances 220,797,347 214,254,611

490,097,588 484,049,018

Deferred Charges:

Relief payments to former employees 10,292,000 8,554,000 Other __ 441,003 566,669

10,733,003 9,120,669

$549,046,417 $538,289,361

NOTES TO FINANCIAL STATEMENTS

1. Invcuiories. Inventories of operating materials and supplies are stated principally at standard cost. Inventories of merchandise for sale in warehouses are stated at average cost on a line item basis; and inventories of merchandise for sale in retail outlets are stated at average cost using the

retail method for valuation,

2. Fixed assets. Fixed assets generally are stated at cost or, if acquired

from another Government agency, at original cost to such agency. Valuation

allowances have been established in accordance with sections 62 and 412 of
PANAMA CANAL COMPANY 31

Condition June 30, 1968 and 1967

Liabilities and Equity 1968 1967 Current Liabilities: Accounts payable:

U.S. Government agencies $1,783,914 $2,329,423 Other 3,165,695 3,691,953

4,949,609 6,021,376

Due U.S. Treasury 427,195 1,156,585

Accrued liabilities: Employees' leave 12,229,848 11,570,864

Salaries and wages - 2,589,956 1,704,835

Relief payments to former employees 1,328,000 1,460,000

Claims for damages to vessels 3,391,587 971,144

Employees' repatriation 496,375 627,000 Other 3,448,811 3,038,864

23,484,577 19,372,707 Other current liabilities 826,260 781,555

Total current liabilities 29,687,641 27,332,223

Lon(;-Term LL\BrLiTiES:

Relief payments to former employees 8,964,000 7,094,000

Employees' repatriation 4,490,025 4,426,000

13,454,025 11,520,000

Reserves:

Stabilization of canal slides 5,000,000 Overhaul of canal locks 636,483 566,992

5,636,483 566,992

Equity of U.S. Government (note 3): Net direct investment:

Interest-bearing 321,736,896 .331,759,383 Non-interest-bearing 18,051,630 18,051,630

Retained revenue, non-interest-bearing -- 160,479,742 149,059,1.33

500,268,268 498,870,146

$549,046,417 $538,289,361

The accompanying "Notes to Financial Statements" are an intesral part of this statement.

title 2 of the Canal Zone Code (1) to offset the cost of defense facdlities and

suspended construction projects—principally the partial construction of a third

sets of locks abandoned in the early part of World War II—totaling $82.7

million (both the cost and valuation allowances have been excluded from the statement of financial condition) and interest during original construction

aggregating about $51 million and (2) to reduce to usable value the cost of those fixed assets transferred to the Company from The Panama Canal (agency)

at July 1, 1951. Because of historical practice and a construing of the Canal

Zone Code as not requiring the depreciation or amortization of certain assets, depreciation or amortization allowances have not been provided on titles,
32 FINANCIAL REPORT AND STATISTICAL DATA

treaty rights, and excavation of channels, harbors, basins, and other works

costing about $317 milhon. If these assets were depreciated at the rate of

1 percent per annum, there would be an annual charge against operations of approximately $3.2 million. Depreciation allowances on all other fixed assets are accumulated on a straight-line basis.

3. Equity of the U.S. Government. The net direct interest-bearing

investment was established in accordance with section 62 of title 2 of the Canal Zone Code. Interest thereon is paid at a rate established annually by

the Secretary of the Treasury. The rates for 1968 and 1967 were, respectively, 3.668 and 3.655 percent. The net direct non-interest-bearing invest- ment consists of the costs of the Thatcher Ferry Bridge constructed in accord- ance with the Act of July 23, 1956 (70 Stat. 596). The Act of August 25,

1959 (73 Stat. 428) amended section 71 of Title 2 of the Canal Zone Code

to provide the Company with authority to borrow funds from the U.S. Treasury

not to exceed $10 million outstanding at any time at interest rates to be

determined bv the Secretary of the Treasury.

4. Contingenl and other liabilities. The Company is contingently liable with respect to certain pending suits and claims. In addition, the Company

has outstanding at all times certain liabilities of indeterminable amounts,

which are recognized in the accounts on an as-paid basis. These liabilities include, principally, commitments for construction work, supplies and services,

and death and disability benefits payable under provisions of the Federal

Employees' Compensation Act. The maximum liability which could result from outstanding claims and lawsuits is estimated to be $4.3 million exclusive

of claims that may arise as a result of a bus /train collision that occurred

subsequent to June 30, 1968, the cost of which is not determinable at this time. Commitments under uncompleted construction contracts and unfilled purchase oiders amounted to about $7.9 million at June 30, 1968. The

Company held at June 30; 1968, negotiable U.S. Government securities and

Republic of Panama securities in the face amount of $2,515,000 deposited by

customers and Panamanian insurance firms to guarantee contract performance

and payment of tolls and other charges and, on behalf of the Canal Zone

Government, negotiable securities in the face amount of $633,000 to guarantee

payment of possible judgments against insurance companies operating in the Canal Zone.
PANAMA CAN/^L COMPANY 33

Table 2.—Comparative Statement of Revenue and Expenses,

Fiscal Years Ended June 30, 1968 and 1967

Revenue: 1^68 1967

Tolls $83,943,461 $76,804,031

Credit for tolls on U.S. Government vessels 9,211,220 5,492,625

Commodities sold -^ 26,524,041 24,607,878

Service sales and rentals 40,770,461 37,994,969

160,449,183 144,899,503

Operating Expenses and other Costs:

Payroll and related costs - 75,835,777 68,782,510

Material and other operating expenses -- 10,190,357 8,094,910

Cost of commodities sold - 18,240,402 17,239,832

Provision for stabilization of slide hazards -- 5,000,000 Locks overhaul accrual - 2,920,969 871,897

Damage to vessels 2,596,653 225,386

Depreciation 7,269,301 6,868,623 Net cost of Canal Zone Government 22,536,947 21,692,425

Interest on net direct investment of U.S. Govern- ment 11,983,947 12,207,079

156,574,353 135,982,662

Less payroll and other costs transferred to Company capital projects and Canal Zone Govern- ment programs 7,545,779 4,141,554

Total operating expenses and other costs 149,028,574 131,841,108

Net Revenue _ $11,420,609 $13,058,395

Table 3.—Statement of Changes in Equity of the United States Government,

Fiscal Year Ended June 30, 1968

Net direct investment Retained

, revenue,

interest- non-interest- non-interest- bearing bearing bearing Equity AT July, 1 1967 $331,759,383 $18,051,630 $149,059,133

Additions: Net revenue 11,420,609

Transfers from other U.S. Government

agencies: Vessel Q-612 (renamed Anayansi), from the Department of the Army 85,750

Adjust value of Building 82, Coco Solo, previously transferred from the U.S. Navy 38,594

Reactivation of plant: Building 1-D, Balboa Industrial Area 1.913 Tool crib in Building 2-A, Balboa

Industrial Area 1,590

Adjust value of Buildings 2-A and

3, Balboa Industrial Area, previ- ous reactivation 1.094 331,888,324 18,051,630 160.479,742

Reductions:

Capital repayment 10,000,000

Transfers to other U.S. Government

agencies: West Bank fuel oil facilities, to U.S.

Air Force 151,428

10,151,428 Equity AT June 30, 1968 $321,736,896 $18,051,630 $160,479.742
34 FINANCIAL REPORT AND STATISTICAL DATA

Table 4.—Statement of Source and Application of Funds,

Fiscal Year Ended June 30, 1968

Source of Funds: Revenue $160,449,183 Net change in working capital, other than cash 3,399,675 Other 267,476

$164,116,334

Application of Funds:

Operating expenses and other costs $149,028,574

Less operating expenses not requiring expenditures

of funds: Provision for depreciation $7,269,301

Provision for stabihzation of canal slide 5,000,000

Provision for locks overhaul 2,920,969 Other 365,574 15,555,844

133,472,730

Capital expenditures 13,651,717 Canal locks overhaul expenditures 2,851,478

Capital repayment — 10,000,000

Increase in cash 4,140,409

$164,116,334

Table 5.—Statement of Revenue and Operating Expenses,

Fiscal Year Ended June 30, 1968

Operating

Operating income Revenue expenses and expenses Transit Operations (table 6) $105,302,403 $48,527,935 $56,774,468

Supporting Services ( table 7 )

Maritime services 12,254,396 9,391,373 2,863,023

Employees' services 29,268,140 29,285,754 (17,614) Transportation and utilities 9,572,086 9,248,225 323,861 Other supporting services 3,867,602 3,871,394 (3,792) 54,962,224 51,796,746 3,165,478

160,264,627 100,324,681 59,939,946

General Corporate Expenses:

Administrative and other general expenses (table 8) 184,556 14,182,999 13,998,443 Net cost of Canal Zone Govern- ment 22,536,947 22,536,947

Interest on net direct investment of the U.S. Government 11,983,947 11,983,947

184,556 48,703,893 48,519,.337

$ 160,449,183 $149,028,574

Net Operating Income _ _ _ _ $11,420,609
PANAMA CANAL COMPANY 35

Table 6.—Transit Operations, Statement of Revenue and Operating Expenses,

Fiscal Year Ended June 30, 1968

Revenue:

Canal tolls $83,943,461

Credit for tolls on U.S. Government vessels 9,211,220 Harbor pilotage, tug, launch, and other services 12,147,722

Total revenue 105,302,403

Operating Expenses:

Navigation services and control

Engineering and maintenance ser\'- ices Operation and maintenance of

locks - Dredging of channels and harbors

Vessel repair Provision for stabilization of canal

slides Provision for periodic overhaul of locks - Damage to vessels Meteorology and hydrography services Locks security force Annuity to Republic of Panama (re- payment to U.S. Treasury) .- Diesel power generation Operation and maintenance of Thatcher Ferry Bridge 234,820 315,206 550,026

Operation and maintenance of dams,

reservoirs, and spillways 157,736 114,192 271,928

Miscellaneous 640.727 8.347 649.074

Total operating expenses $67,202.782 $2,975.846 70,178,628

Less charges to other activities 21,650.693 Net operating expenses 48.527,935 Operating Income $56,774,468

Direct expenses
36 FINANCIAL REPORT AND STATISTICAL DATA

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PANAMA CANAL COMPANY 37

Table 8.—Administrative and Other General Expenses,

Fiscal Year Ended June 30, 1968

ExECUTFVE Direction:

Board of directors $12,408

Office of the president 793,648

Information office 482,913

Tourist facifities 69,355

Office of the secretary 87,608

Consultants and advisors 380,547 $1,826,479

Operations Direction:

General and special engineering services 314,407

Office of the engineering and construction director 209,985

Office of the marine director 134,825

Office of the supply and community service director 156,753

Office of the transportation and terminals director.. 140,212 956,182

Financial Management:

Office of the comptroller ^ 3,899,961

Annual audit 25,511 3,925,472

Personnel Administration : Personnel bureau . _ 1,299,412

Apprentice program 135,817 1,435,229

General Services:

Administrative branch _ 768,307

Maintenance of buildings 721,758

Public services 78,824

Miscellaneous 132,232 1,701,121

Employment Costs:

Alien cash relief 1,458,839

Recruitment and repatriation 562,910

Employees' home leave travel _ 615,822

Apprentices' school time 464,017

Death and disability compensation 258,134

Contribution for employees' health benefit association . 175,878

Medical and other services for relief annuitants 117,819

Contribution for employees' group life insurance 94,807

Transportation of employees' vehicles 53,063 Leave liability variation (211,158)

Over-distribution of civil service retirement contribution (84,398) MisceUaneous 236,389 3,742,122

Other Expenses:

Loss on disposition of fixed assets $219,953

Depreciation 348,470

Correction of landslide at Los Rios 7,748

Law suits and tort claims 54,345

Slide prevention—Gamboa water tank 153 630,699

Deduct:

Charges to other activities

Revenue

Net ADMiNiSTRATrvE and Other General Expenses _

14,217,274

34,275

14,182,999

184,556

$13,998,443
38 FINANCIAL REPORT AND STATISTICAL DATA

Table 9.-Inventories, June 30, 1968

Materials and Supplies:

Storehouse branch: General materials and supplies $7,134,075

Scrap 192,633

In transit to Isthmus 453,884

7,780,592 Locks division 138,592

Marine terminals division 110,706 Water transportation division 15,000 Water system 70,000 Power system 204,191

538,489

Manufacturing and repair work in progress:

Industrial division 121,351 Other units 388

121,739

Total materials and supplies : 8,440,820

Merchandise Held for Sale:

Retail stores and allied operations: In warehouses and in stores 3,430,374

In transit 748,501

4,178,875 Water transportation division 1,866

Service centers 257,647

TivoH guest house 27,669

Total merchandise held for sale 4,466,057

Total Inventories _ $12,906,877

40 FINANCIAL REPORT AND STATISTICAL DATA

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PANAMA CANAL COMPANY 41

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42 FINANCIAL REPORT AND STATISTICAL DATA

Table 11.—Ocean Traffic Through Panama Canal—Fiscal Years 1958

Through 1968

Total traffic

Traffic assessed lolls on

Traffic assessed tolls displacement tonnage on net tonnage basis basis

Fiscal year

Number

of

transits

1958 9.187

1959 9,718

1960 10,795

1961.. 10,866

1962 11,149

19S3 11,017

1964 11 ,808 1965 11,834 1966 11,925

1967 12,412

1968.. 13.199

1958.

1959.

1960.

1961. 1962.

1963.

1964.

1965.

1966-

1967.

1968.

1958.

1959.

1960.

1961.

1962. 1963.

1964.

1965. 1966.

1967-

1968..

279 204

182

188

191 300

285

284

591

9185

85

94

104

9 ,509

11.071 11.147

1958

1959

I960.. 1961 _ - 1962 ii;424

1963. 11,408

1964 12,184

1965.. 12.203 1966 12.601

1967 13,385

1968 14,807

1958.

1959. 1960.

1961.

1962- 1963.

1964- 1965.

1966.

1967.

1968.

750

958

833

627 473 430

627 577 544

570

571

Tolls

Long tons of

cargo

Number Panama

of Canal net

transits tonnage Commercial Ocean TRArFic'- 41.795,905 48,124.809 45.528.728 51,153.096 50.939.428 59,258,219

54,127,877 63,669,738

57 ,289 ,705 56,368,073

61,098,312 65,442,633

69,095,129 76,768.605

83 ,907 ,062

67 ,524 ,552 62 ,247 .094 70 .550 .090 76.573,071 81,703,514 86,193,430 96,550,165

,162 47

,682 52

.745 58

.823 61

.096 65

.973 64

,756 69

.777 74

,859 78

.366 88

,142 96

,924,345

,153,563

,301 ,920

.826 ,002 .378.845

,438,115

,632,611

,734,814 ,912,824 ,266,343

,487,843

U.S. Government Ocean Traffic' 972,110 965 .643 813.313

997 .842

1 ,028 ,396 1,460,281 1,395,548

1 ,647 ,653 3,446,219

5 ,484 ,566 9,206.815

791.310

1,012,842

804 ,.581

1 ,149 ,934 1.126.418

1.115.352

1,177,269

1 ,923 ,538 3,220,190

6,147,479

8,497,221 Free Ocean Traffic' ^ 47,107

145,267 320,722 379,660

403,831 505,473 422,092

403,920

378,626

642,882

482,483

224

172 148 160

166

213

184 216

479

782

1,368

,020 ,267

,047 ,674 864,177

,088 ,393 .095 .074

,387 ,597 ,337,065

,733 ,736

,682 ,335 ,044,162

,421 ,084

52,659

146,783 417,457

416,003 442 ,932 556,031

471,291

452,191 405,221 704,153

511,278 Total Ocean Traffic' 42,768,015

46,494,371

51,7.52,741 55,125,719

58,318,101 57,828,354

62 ,493 ,860 67 ,090 ,286 72,541,348

82,253,171

48,963,226

52,311,205

60 ,383 ,522 65,199,332

69 ,054 ,801 63,867,919

72,149,451

78 ,900 ,529 85 ,302 ,330 92 ,983 ,791 93,113,877 105,529,869 Small Commercial Traffic'

9 ,421 9 ,898 10,987

11 ,052 11.344

11.277

12,027

12,075

12,411

13 ,236 14,604

48 ,997 53,348

59 ,583 63 ,330 66,916

66.381

71 .440 76 ,920 83 ,000 95,014

107,420

,271 ,020

,560

,398

,851 ,743

,967

,741 ,380 ,658

,205

47,619 42,835

42 ,500 38 ,086 22 ,459 23 ,385 48,686

53 ,786 48,485

40 ,097 35,367

18,710 17.766

18,126

17,249 8,644

8,980

19,202 20,698

21 ,054 14,081 8,357

750 956

823

621 469

428

622

568

532 566 566

58,914

53,013 50,522

45,653

27 ,638 28,429

57 ,587 62 ,707 57 ,954 49,027

43,498

Number Displace- of ment

transits tonnage

55

32

34

2825

87

10168

11297

136

8484

8580

131 157

128

190

149 203

78,691

112,609

193,471 140,760

197 ,390 110,002

134,221 208 ,205 218,092

166,242 220,411

219,938

120,562

134,965

130,905 135,236 552 ,928 493 ,655 332 ,827 494 ,479 419,701 719,247

11,400 35,795

'25",867 3,815 "7,790

8,030

31 ,050 26 ,760 22,516

310,029 268 ,966 328,436

297 ,472 336.441

662 .930 635,666

549 ,062 743,621

612,703 962,174

716 3,807

2,107

1,231 859 2,092

2,900

2,924

938

1.369

' Ocean traffic includes ships of 300 net tons and over, Panama Canal measurement, or of 500 displacement tons and over on vessels paying tolls on displacement basis (dredges, warships, etc.).

2 Free traffic includes ships of the Colombian and Panamanian Governments and ships trandting for repairs at the Company operated yards. 'Includes vessels under 300 net tons, Panama Canal measurement (or under 500 displacement tons for vessels assessed on displacement tonnage.)
PANAMA CANAL COMPANY 43

Table 11. -Ocean Traffic Through Panama Canal-Fiscal Years 1958

Through 1968-(Continued)

Traffic assessed tolls on
44 FINANCIAL REPORT AND STATISTICAL DATA

Table 13.-Canal Traffic^ by Flag of Vessel-Fiscal Year 1968

Measured Tonnage Panama Long Number of Canal Registered Tons of Flag Transits Net Gross Tolls Cargo

Argentina 17 99,650 130,953 $88,493 75,050

Aiistraha 2 _ ^_ __ 2 967

Belgium 1_ 109 530,608 600^511 438,'i91 ~" 275^042

Brazil 15 86,736 102,923 76,630 95,334

Bulgaria 11 93,298 117,322 77,435 96,288 Burundi 3 17,360 24,225 14,576 15,300 Canada 14 11,998 16,914 16,476 215

Chile ._ 114 776,182 981,583 692,188 691,186 Colombia 202 1,144,315 1,409,078 1,028,573 433,024 Cuba __ 31 219,398 294,698 197,458 331,805

Cyprus 21 134,972 174,359 111,069 132,205

Czechoslovakia ._ 7 96,483 118,969 86,835 155,608 Denmark -_ 434 2,770,233 3,042,369 2,469,982 2,538,773

East Germany — 13 63,680 76,618 52,298 33,694 Ecuador 161 321,460 436,652 282,783 169,308

Finland — 38 277,480 310,323 242,423 216,472

France -_ 204 1,100,709 1,489,523 1,035,916 1,015,648 Greece — 444 3,721,763 4,750,961 3,222,731 4,467,674 Honduras .- 199 269,768 439,230 226,713 116,047

India ._ 31 422,604 555,304 350,553 409,645

Indonesia — 5 17,116 20,401 14,509 2,910

Ireland -_ 20 62,126 88,569 55,913 73,521

Israel -_ 113 647,796 796,884 567,349 632,923

Italy 252 2,054,243 2,716,270 1,804,576 1,881,085 Japan 1,036 7,701,053 10,333,112 6,830,144 8,191,057 Lebanon 5 29,156 40,287 24,087 30,750

Liberia -_ 1,543 16,429.863 20,681,349 14,058,249 21,253,720 Mexico -- 58 272,774 349,307 222,383 177,468

Netherlands — 469 2,288,718 3,014,627 1,994,012 2,014,299

Nicaragua _ 74 183,240 181,274 163,095 118,874 Norway .^ 1,498 13,949,573 18,209,218 12,136,400 16,409,131 Panama _ 519 2,702,916 3,458,573 2,251,921 2,779,659

Peru 170 748,125 943,621 662,351 780,694

Philippines 94 641,142 923,548 577,803 413,567

Poland ._ 36 276,561 314,607 248,905 366,385

Republic of China ( Formosa) _ - 107 720,215 936,315 639,390 735,947 Rumania _ 2 15,044 27,472 13,540 36,082 SomaUa ._ 1 5,004 5,059 4,504 6,114

South Korea 40 219,831 281,317 189,557 171,861

Spain ._ 24 95,638 116,458 84,153 102,653 Sweden ._ 466 3,394,075 4,596,629 2,955,366 3,036,667

Switzerland 74 179,345 215,839 152,693 98,487

Thailand 5 37,451 45,557 33,706 39,174

United Kingdom 1,453 11,358,412 15,223,562 9,979,719 11,363,599

United States 1,647 13,008,852 15,405,087 11,173,704 8,594,846

U.S.S.R __ 98 435,287 629,746 383,721 572,292

Venezuela 2 1,874 2,870 1,517 1,821 West Germany 1,279 6,524,987 6,963,546 5,684,033 4,974,583

Yugoslavia 39 328,729 418,874 285,472 421,678

Total Fiscal Year 1968 13,199 96,487,843 122,012,493 $83,907,062 96,550,165

Fiscal Year 1967 12,412 88,266,343 112,216,244 76,768,605 86,193,430

Fiscal Year 1966 11,925 78,912,824 100,762,225 69,095,129 81,703,514

1 Includes only commercial vessels of 300 net tons and over Panama Canal measurement,

or of 500 displacement tons and over on vessels paying tolls on displacement basis (dredges,

warships, etc.). Note.—In Canal traffic statistics, foreign naval vessels such as transports, supply ships, tankers,

etc., with a measurement of 300 net tons (Panama Canal measurement) and over, and vessels of war, dredges, etc., with a displacement of 500 tons and over are classified as oceangoing commercial vessels. Statistics on these vessels, except as relates to displacement tonnage, have been

included in the table above. As displacement tonnage cannot be combined with net tonnage the

following table shows statistics covering 57 vessels which transited the Canal during fiscal year 1968

and paid tolls on displacement tonnage:
PANAMA CANAL COMPANY 45

Table 13.-Canal Traffic by Flag of Vessel-Fiscal Year 1968-Cont.

Number Displace' Type of tnent Flag transits tonnage Tolls Australia Naval — 2 5,934 $2,967 Canada Icebreaker -_ 1 7,550 3,775 __„ do Dredge — 1 2,650 1,325 do Naval 1 2,700 1,350

Chile do 2 6,860 3,430 Ecuador do 3 6,146 3,073 France do 24 132,604 66,302 „.„ do Drydock — 1 1,544 772

Japan Naval 8 18,662 9,331 Mexico do 2 3,030 1,515

Philippines do 1 1,550 775

Republicof China (Formosa) do 1 2,550 1,275 United Kingdom —^ do 7 25,324 12,662

United States___ Dredge 3 3,307 1,654

Total "57 220,411 $110,206
46 FINANCIAL REPORT AND STATISTICAL DATA

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PANAMA CANAL COMPANY 47

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4M FINANCIAL REPORT AND STATISTICAL DATA

Table 15.—Laden and Ballast Traffic by Flag of Vessel

Fiscal Year 1968

Laden Ballast

Flag

Argentina

Belgium

Brazil Bulgaria Burundi Canada

Chile Colombia Cuba

Cyprus

Czechoslovakia Denmark

East Germany

Ecuador

Finland France

Greece Honduras

India Indonesia

Ireland

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Liberia Mexico

Netherlands Nicaragua

Norway Panama

Peru

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Repwblica of China (Formosa) Rumania

Somalia South Korea

Spain Sweden

Switzerland Thailand United Kingdom

United States U.S.S.R Venezuela West Germany

Yugoslavia

Total FY 1968-_

Number Panama

50 FINANCIAL REPORT AND STATISTICAL DATA

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PANAMA CANAL COMPANY 51

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74 FINANCIAL REPORT AND STATISTICAL DATA

Table 21.—Cargo Shipments by Trade Routes—Atlantic to Pacific

[Thousands of long tons] Fiscal year ^ „ ,, c 1968 1967 1966 1965 East Coast United States to: West Coast United States 2,885 3,189 3,164 3,021 West Coast Canada 230 155 182 36 West Coast Central America 382 320 320 306

Balboa, C.Z 95 129 69 51 West Coast South America 1,849 2,107 1,867 1,655

Chile 819 990 879 773

Colombia 156 195 213 171 Ecuador 291 245 170 171 Peru 522 627 574 511 Other 61 50 31 29

Hawaii 109 139 164 160 Oceania 1,418 1,978 2,059 1,714

Australia 1,134 1,498 1,514 1,257

New Zealand 231 432 524 428

Other 53 48 21 29

Asia 28,732 23,910 19,299 17,612

British East Indies 93 45 41 34

China 25 Formosa 631 605 434 611 Hong Kong 232 158 131 184

India 55 24 45 55

Indochina 2 226 639 416

Indonesia 213 77 21 49

Japan 24,299 20,105 16,242 14,644

Pakistan 15 21 24 52

Philippine Islands 565 484 506 432

South Korea 1,115 886 801 805

South Vietnam 970 736 N.A. N.A.

Thailand 177 158 103 96

Other 365 385 312 209

Total 35,700 31,927 27,124 24,555 East Coast Canada to: West Coast United States 24 21 32 37 West Coast Canada 4 13 22 West Coast Central America 3 2 21 West Coast South America 82 83 61 37

Oceania 243 242 184 260

Australia 214 210 140 230

New Zealand 27 30 27 29

Other 2 2 17 1 Asia 670 691 399 592

China

Hong Kong 17 Japan 527

Philippine Islands 26

Russia 1 Thailand 11 Other 88

Total 1,022 1,043 East Coast Central America to: West Coast United States West Coast Central America West Coast South America

Balboa, C.Z

Hawaii

93 _
PANAMA CANAL COMPANY 75

Table 21.-Cargo Shipments by Trade Routes-Atlantic to Pacific-Continued

[Thousands of long tons] Fiscal year East Coast Central America to— , ——-- Continued ^968 1967 1966 1965 Oceania 176 125 100 88

Australia 144 90 75 57 New Zealand 32 35 25 31

Asia 109 99 87 85

Japan 107 43 83 63 Formosa 53 22

Other 2 3 4

Total 1,308 347 244 247 East Coast South America to: West Coast United States 1,845 2,090 2,547 2,684 West Coast Canada 136 118 235 110 West Coast Central America 1,258 1,271 1,184 979 West Coast South America 3,557 3,181 2,748 1,941

Chile 1,730 1,859 1,420 829

Colombia 224 63 310 212

Ecuador 623 506 363 340

Peru 965 742 655 540

Other 15 11 20

Balboa, C.Z 588 368 290 294

Hawaii 335 416 266 143 Oceania 40 104 34 206

Australia 7 13 3i 119

New Zealand 33 86 84

Other 5 3 3

Asia 1,436 1,597 1,698 1,480

Japan 1,352 1,442 1,608 1,464 South Korea 5 64 19

Other 79 91 71 16

Total 9,195 9,145 9,002 7,837

Chistobal, C.Z., TO: West Coast United States 79 18 17 West Coast Central America 75 41 48 West Coast South .America 1 21

Balboa, C.Z 3 501 406 223

Asia 46 83 28

Japan 46 83 28

Other territories 28 20

Total 3 730 589 316

West Indies to: West Coast United States 2,022 2,291 1,686 1,615 West Coast Canada 328 411 469 425 West Coast Central America 193 201 162 292

Balboa, C.Z 266 273 226 221 West Coast South America 677 816 803 952

Chile 306 318 396 596

Colombia 113 9 Ecuador 65 72 28 45

Peru 282 413 364 263

Other 23 12 12 39

Hawaii 480 287 176 142

Oceania 3 43 44 194

Australia 28 40 72

French Oceania 1 1
76 FINANCIAL REPORT AND STATISTICAL DATA

Table 21.—Cargo Shipments by Trade Routes—Atlantic to Pacific—Continued

[Thousands of long tons] ^^^^j ^^^^ West Indies TO-Continued 1968 1987 1966 1965 New Zealand 3 15 3 103 Other 18

Asia 2,384 1,911 1,538 1,376

British East Indies 13 33 43 10 China 196 254 151 123 Hong Kong 6 3 4

Indochina 6 74

Indonesia 12 6

Japan 1,994 1,493 1,168 1,122 North Korea 100 61 N.A. N.A.

Philippine Islands 11 12 10 13

Russia 69 40 83 98

Other 1 5 4

Total 6,353 6,233 5,104 5,217

Europe to: West Coast United States 1,031 1,068 853 882 West Coast Canada 266 316 245 260 West Coast Central America 378 369 344 376 West Coast South America 1,177 1,288 1,265 967

Chile 343 355 388 299

Colombia 98 138 128 121 Ecuador 146 148 113 109

Peru 448 548 533 394

Other 142 99 103 44

Hawaii 1 3 2 12 Oceania 843 827 920 903

Australia 56 33 19 26

British Oceania 27 28 25 33

French Oceania 244 189 213 225

New Zealand 468 531 599 577

Other 48 46 64 42

Asia 3,439 497 87 88 Formosa 20 5 2 1 Hong Kong 26 1 1 2

Japan 3,306 474 77 73

North Korea 19 N.A. N.A.

Russia 15 4

South Korea 1 Other 53 17 6 8 Other territories 2 1 11 Total 7,137 4,369 "^^716 3,499

Africa to: West Coast United States 28 109 112 180 West Coast Canada 15 23 8 12 West Coast South America 10 3 21 53

Oceania 1 39 34

Asia 557 45 13 17

Total

Asia. (Middle East) to: West Coast United States Asia Other territories Total

Total cargo, Atlantic to Pacific 61,360

610
PANAMA CANAL COMPANY 77

Table 22.-Cargo Shipments by Trade Routes-Pacific to Atlantic

[Thousands of long tons] Fiscal year o 1968 West Coast United States to: East Coast United States 1,2»0 East Coast Canada 45

East Coast Central America 14

Cristobal, C.Z }36

East Coast South America l"!

Argentina 1 Brazil 12 Colombia 18 Uruguay

Venezuela 12' Other 3 West Indies 465

British West Indies Haiti-Dominican Fiepublic Netherlands West Indies _ Puerto Rico Other

1967 1,440

13

147

310

14 1155 288

174

5

61 220

5 Europe 2,424

Belgium 152 Denmark 26

Finland 13

France Greece

Irish Republic

Italy Netherlands Norway

Poland

Spain-Portugal

Sweden

United Kingdom

West Cermany

Yugoslavia Other

Asia (Middle East) Cyprus

India

Israel 15 Lebanon 3

Syria 49

Other 10

Africa 77

Algeria

Kenya

Egypt Morocco Mozambique

South Africa Tunisia Other

15132

6

361

681

16

1 62

48

191 460

7 217

77

33

5

4 243

3

2,443

105

37

17 203

11

11 428

656

4732

38

63

267

376

16 136

74

1122

832

1 112

9

8

27

1419

7

4

21

6

3129

14

1966 1,9572

4

145

1222

19

1 90

1 283

22

4

4

251

2

119

47

21 19236

10

481 762

61 109

63

68

278

499

6

136

61

36

4

1 20

16140

1327

19

35

26

10

West Coast Canada to: East Coast United States

East Coast Canada

Cristobal, C.Z

1,75031,417

6

1,626

6

1965 2,17712

2

6 155

2124

6

1 102

1 295

33

20

5 236

1 2,411 108

41

15 19735

11 340

725

29

1590

63

352

311

1069

18

1 97

1356

107

Total 4,679 4,508 5,501 5,173

1,1849

1
78 FINANCIAL REPORT AND STATISTICAL DATA

Table 22,—Cargo Shipments by Trade Routes—Pacific to Atlantic—Continued

[Thousands of long tons] Fiscal year West Coast Canada TO-Continued 1968 1967 1966 1965 East Coast South America 131 153 216 340

Argentina 3 6 8

Brazil 23 23 14 44 Colombia 12 2 1 Venezuela 95 124 195 286

Other 1 1 2 West Indies 150 131 124 122

British West Indies 34 31 32 28

Haiti-Dominican Republic 7 7 1 Puerto Rico 108 96 85 91 Other 1 4 2 Europe 3,761 3,028 3,357 3,329 Albania 23 Belgium 139 100 158 109

Finland 24 1 France 83 91 90 79

Greece 34 23 15 23

Irish Republic 41 31 42 40

Italy 382 382 280 210

Netherlands 703 513 490 292

Norway 16 16 6 1 Poland 35 26 64 82

Russia 53

Spain-Portugal 30 33 31 14 United Kingdom 1,688 1,421 1,583 2,075

WestCemiany 231 182 366 215

Yugoslavia 6 27 17 13 Other 373 183 168 122

Asia (Middle East): 56 53 38 37

Israel Lebanon

Africa

55
PANAMA CANAL COMPANY 79

Table 22.-Cargo Shipments by Trade Routes-Pacific to Atlantic-Continued

[Thousands of long tons] West Coast Central America to- Continued

United Kingdom

West Germany

Other

AfricaEgypt Morocco

Fiscal year 1968
80 FINANCIAL REPORT AND STATISTICAL DATA

Table 22.—Cargo Shipments by Trade Routes—Pacific to Atlantic—Continued

[Thousands of long tons] Fiscal year Balboa, C.Z., to: 196S 1967 1966 1965 East Coast United States 16 2 10 25

East Coast South America 2 3

Other

Europe

territories 32 125 16

Total 2i 8 30 28

Hawau TO: East Coast United States 439 385 502 465

East Coast Canada 2 4 Europe 49 29 27

Netherlands 3 5 2

United Kingdom 35 West Germany 6 9 7 Other 5 15 18 Other territories 1 1 3

Total 440 434 534 499

,026
PANAMA CANAL COMPANY 81

Table 22.-Cargo Shipments by Trade Routes-Pacific to Atlantic-Continued

[Thousands of long tons] Fiscal year Asia TO-Continued '^^ ^^^^ 1966 ^iT

Europe 679 179 164 127 Belgium 95 19 20 8

East Germany 9 2

Italy 48 5

Netherlands 135 102 77 60

United Kingdom 137 24 19 28

West Germany 122 19 16 13 Other 133 10 30 18

Africa 11 6 2 Other territories 10

Total 9,031 7,482 7,696 5,837

Total cargo. Pacific to Atlantic 35,190 32,202 35,032 33,624
82 FINANCIAL REPORT AND STATISTICAL DATA

Table 23.—Important Commodity Shipments Over Principal Trade Routes

Atlantic to Pacific

[Thousands of long tons] East Coast United States to West Coast

United States: Chemicals and petroleum chemicals

Caustic soda

Chemicals, unclassified Petroleum chemicals

Fiscal year

Benzene

Toluene

Other and unclassified Manufactures of iron and steel Angles, shapes, and sections.

Plates, sheets, and coils Tubes, pipes, and fittings Wire, bars, and rods Other and unclassified Minerals, miscellaneous Soda and sodium compounds.

Nitrates, phosphates, and potash__

Ammonium compounds

Fertilizers, unclassified Phosphate

Ores and metals Ores Alumina/bauxite

Metals

J 968334

63

135

136

117 118 767

112 234

40

33 348

105

1967330

N.A. 140 190

1966309

N.A. 148

161

N.C.97N.C.

10113

1194 298

97 266 286

287 263 285

287

11 263

3 285

1 Iron 7 Other and unclassified 4

Petroleum and products 1,306

Asphalt

Diesel oil 53

Fuel oil, residual )

3

1,290

1 1,287

GasolineJet fuel Kerosene

Lubricating oil Other and unclassified Miscellaneous Cement

All other and unclassified

802

56

109 244

42

67

67

East Coast United States to West Coast

Canada:

Chemicals and petroleum chemicals

Caustic soda

Chemicals, unclassified Grains

32

275

N.A. N.A.

Rice

Minerals, miscellaneous Soda and sodium compounds.

Nitrates, phosphates, and potash__

Phosphate Ores and metals

Ore, alumina/bauxite

Miscellaneous

4

161

N.C.

N.C. 137

7

N.C.

N.C. 166

16133

137

18 166

33 18

1965264

N.A. 137 127

N.A.
PANAMA CANAL COMPANY 83

Table 23.—Important Commodity Shipments Over Principal Trade Routes

Atlantic to Pacific—Continued

[Thousands of long tons] East Coast United States to West Coast

Canada—Continued

Miscellaneous—Continued

All other and unclassified Total

19GH

East Coast United States to West Coast

Central America:

Canned and refrigerated foods Canned foods, miscellaneous Chemicals and petroleum chemicals Chemicals, unclassified Petroleum chemicals, miscellaneous.. Other and unclassified , CrainsCom

Rice Wheat

Other and unclassified Lumber and products, miscellaneous Machinery and equipment, miscellaneous Manufactures of iron and steel, miscellaneous

Minerals, miscellaneous

Sulfur

Nitrates, phosphates, and potash

Ammonium compounds

Fertilizers, unclassified Phosphate

Potash Other and unclassified Ores and metals Metals

Scrap

Other and unclassified- Petroleum and products

Lubricating oil Other and unclassified Miscellaneous

Flour, wheat

Glass and glassware

Paper and paper products.

All other and unclassified- Total East Coast United States to West Coast

South America:

Canned and refrigerated foods Canned foods Milk Other and unclassified Refrigerated foods, miscellaneous-—

Chemicals and petroleum chemicals

Caustic soda

Chemicals,unclassified Petroleum chemicals, miscellaneous^

230

5

1810

2 _^

66

80

22

11

914

43

34

73

7

43

136

7

1213

2

60

56

382

22

19

1273

46

830

8

Fiscal year 1967

155

_9

9

29

18

1

1966

182

729

2

7

710

J752

1939

15

8

5

3

1275

115

32

53

57 320

10

3

5

260

N.A.58

2

18 _2

2

_84

24

1634

10

_4

13

12

4

1178

5

5549

320

33

26

19

7

755

N.A.49

6

1965

36

25

15 26

142 50
84 FINANCIAL REPORT AND STATISTICAL DATA

Table 23.-Important Commodity Shipments Over Principal Trade Routes

Atlantic to Pacific—Continued

[Thousands of long tons] East Coast United States to West Coast '— . South America—Continued IQGS 1967 1966 1965 Coal and coke 185 171 154 176

Grains 542 703 491 371 Com 86 36 31 16

Oats 6 3

Rice 8 57 21 46

Soybeans 17 4 Wheat 435 604 431 293

Otlier and unclassified 7 2 1 12 Lumber and products 22 8 10 13 Pulpwood 20 5 5 To Other and unclassified 2 3 5 3 Machinery and equipment 161 205 188 157

Agricultural machinery and implements, 34 19 24 20

Automobiles, trucks, accessories and

parts 61 76 62 47

Construction machinery and equipment. 27 N.A. N.A. N.A.

Electrical machinery and apparatus 16 13 16 14 Other and unclassified 23 97 86 76

Manufactures of iron and steel 74 65 123 77

Angles, shapes, and sections 15 N.A. N.A. N.A.

Nails, tacks, and spikes 4 N.A. N.A. N.A.

Plates, sheets, and coUs 10 N.A. N.A. N.A.

Tubes, pipes, and fittings 20 N.A. N.A. N.A.

Wire, bars, and rods 8 N.A. N.A. N.A. Other and unclassified 17 N.A. N.A. N.A.

Minerals, miscellaneous 19 33 31 32 Soda and sodium compounds 3 N.C. N.C. N.C.

Sulfur 13 30 28 29

Other and unclassified 3 3 3 3

Nitrates, phosphates, and potash 230 220 172 160

Ammonium compounds 21 13 14 17

Fertilizers, unclassified 24 28 11 12 Phosphate 163 159 136 116

Potash 21 18 11 15 Other and unclassified 1 2

Ores and metals 36 50 80 61

Ores, miscellaneous 15 6 5 4

Metals 21 44 75 57

Scrap 1 21 36 41

Tin, including tinplate 12 15 15 10 Other and unclassified 8 8 24 6

Petroleum and products 65 86 75 75

Asphalt 2 3 11 9

Gasoline 5 8 1 Lubricating oil 54 66 52 60

Other and unclassified 4 9 11 6

Miscellaneous 447 496 455 432

Bricks and tile 7 8 10 15 Carbon black 5 6 9 9

Clay, fire and china 10 9 9 8

Flour, wheat 106 147 94 89

Glass and glassware 5 5 6 4

Groceries, miscellaneous 9 6 3 4 Marble and stone 12 12 21 23
PANAMA CANAL COMPANY 85

Table 23.—Important Commodity Shipments Over Principal Trade Routes

Atlantic to Pacific—Continued

[Thousands of long tons] East Coast United States to West Coast Fiscal year SoxJTH America—Continued ' Miscellaneous-Continued ^^^^ ^9^7 1966 1965

Oil, vegetable 9 20 18 40

Paper and paper products 124 96 63 56

Resin 14 9 9 10 Rubber, manufactured 15 14 20 15 Tallow 25 22 23 19 Tobacco and manufactures 5 6 4 2 Wax, paraffin 15 15 18 16

All other and unclassified 86 121 148 122

Total 1,849 2,107 1,867 1,655 East Coast United States to Balboa, C.Z.: Canned and refrigerated foods , 7 5 4 2 Canned

Refrigerated

foods,

foods, miscellaneous

miscellaneous 61114 3 2

Grains 24 59 27 23

Wheat 24 59 27 23

Petroleum and products 18 19 2 2

Diesel oil ) ) '

Fuel oil, residual 17) 18) 1)

Miscellaneous Other and unclassified 46

1112

45 36 24

Flour, wheat 6 1 2

Oil, vegetable 7 5 5

All other and unclassified 33 40 30 22

Total 95 128 69 51 East Coast United States to Hawau:

Canned and refrigerated foods 2 3 4 4 Canned foods, miscellaneous 12 3 3

Chemicals

Refrigerated

and petroleum

foods, miscellaneous chemicals 31111 4 2 2

Chemicals, unclassified 3 4 2 2

Grains, miscellaneous 3 2 8 Machinery and equipment 11 15 14 10

Automobiles, trucks, accessories and

parts 6 4 4 3

Electrical machinery and apparatus 2 3 3 2 Other and unclassified 3 8 7 5

Manufactures of iron and steel 22 21 29 25

Angles, shapes, and sections 5 N.A. N.A. N.A.

Tubes, pipes, and fittings 7 N.A. N.A. N.A. Other and unclassified 10 N.A. N.A. N.A.

Nitrates, phosphates, and potash 18 21 27 24

Phosphate- l7 19 26 22

Ores Other and metals and unclassified 1712

30 34

12

36

Metal, tin, including tinplate "17 30 34 36

Miscellaneous 34 43 54 51 Liquors and wines 2 2 3 3 Paper and paper products 12 2 1 Textiles 12 2 1 All other and unclassified 30 37 47 46

Total 110 139 164 160
86 FINANCIAL REPORT AND STATISTICAL DATA

Table 23.-Impoitant Commodity Shipments Over Principal Trade Routes

Atlantic to Pacific—Continued

[Thousands of long tons] Fiscal year East Coast United States to Oceania: 1968 1967 1966 196.5 Chemicals and petroleum chemicals 141 108 101 68

Caustic soda 82 nX KA. KA.

Chemicals, unclassified 51 104 86 61 Petroleum chemicals, miscellaneous 8 4 15 7

Coal and coke 3 13 13 6

Grains 43 30 53 16

Rice 12 11 9 7 Soybeans 31 19 44 9

Lumber and products 8 9 7 9 Pulpwood 4 7 4 7 Other and unclassified 4 2 3 2 Machinery and equipment 128 130 131 142

Agricultural machinery and

implements 27 19 26 32

Automobiles, trucks, accessories and

parts 49 46 42 42

Construction machinery and equipment 14 N.A. N.A. N.A.

Electrical machinery and apparatus 5 4 6 5

Other and unclassified 33 61 57 63

Manufactures of iron and steel, miscellaneous 26 26 25 26

Nitrates, phosphates and potash 546 921 1,072 757 Ammonium compounds 16 17 33 5

Fertilizers, unclassified 5 6 1 12 Phosphate 503 878 1,007 720

Potash 22 20 31 20

Minerals, miscellaneous 195 308 300 260

Soda and sodium compounds 8 N.C. N.C. N.C.

Sulfur 183 303 299 258

Ores Other and metals and unclassified 4 5 12

6 10 14 62

Ores 3 6 9 48

Alumina/bauxite 5 41 Other and unclassified 3 6 4 7

Metals, miscellaneous 3 4 5 14 Other agricultural coiTimodities 7 20 14 22

Beans, edible 3 5 3 4

Cotton, raw 4 3 11 18 Sugar 12 Petroleum and products 55 60 64 94

Lubricating oil 42 48 54 83

Other and unclassified 13 12 10 11 Miscellaneous 260 343 265 252

Ammunition and explosives 7 13 3 2

Bricks and tile 4 3 4 6 Carbon black 5 4 4 4

Clay, fire and china 48 31 34 30

Floor coverings 5 5 4 4

Flour, wheat 15 1 Glass and glassware 9 9 8 8

Nuts, edible 16 1

Oil, vegetable 5 9 11 11 Paper and paper products 32 28 26 23

Resin 19 15 21 18
PANAMA CANAL COMPANY 87

Table 23.-Important Commodity Shipments Over Principal Trade Routes

Atlantic to Pacific—Continued

[Thousands of long tons] East Coast United States to Oceania— piscal year Continued —'—-—

,„„_ Miscellaneous-Continued ^968 -fSer 1966 1965 Rubber, manufactured 17 16 14 13 Tobacco and manufactures 12 14 12 11 Wax, paraffin 6 7 9

6

All other and unclassified 90 183 108 US

Total 1,418 1,978 2,059 1,714 East Coast United States to Asia: Canned and refrigerated foods 58 69 90 109 Canned foods £0 57 76 90

Milk _ 19 26 55 67

Other and unclassified 21 31 21 23

Refrigerated foods 18 12 14 19 Meat 14 10 U 9

Other and unclassified '^ ^

k qai Chemicals and petroleum chemicals 421 427 325 361

Caustic soda 6 N.A. N.A NA

Chemicals, unclassified 251 381 248 283

Petroleum chemicals 164 46 77 78

Benzene 10 N.A. N.A. N.A. Cyclohexane 23 N.A. N.A. N.A. Toulene- 8 N.A. N.A. N.A. Other and unclassified 123 46 77 78

Coal and coke 12,082 8,883 6,720 6,280

Grains 7,418 5,603 5,635 4,380

Barlev 1 ^^ Corn rrrrr::::::::: 2,736 2,601 2,646 2,189 Oats 8 3

Rice - _ 769 89 70 83

sorghum^^":::::::::::::::. 1,123 504 520 208

Soybeans 2,421 1,870 1,972 1,515

Wheat 325 510 333 304

Other and unclassified" 35 26 94 71 Lumber and products 93 96 67 69

Boards and planks 7 N.A. N.A. N.A. Pulpwood 78 76 50 60

Other and unclassified 8 20 17 » Machinery and equipment 227 200 168 161

Agricultural machinery and implements _ 19 5 7 7

Automobiles, trucks, accessories, and

parts 88 68 51 47

Construction machinery and equipment- 39 N.A. N.A. N.A.

Electrical machinery and apparatus 30 22 15 15 Other and unclassified 51 105 95 92

Manufactures of iron and steel 130 233 143 134

Angles, shapes, and sections 20 N.A. N.A. N.A.

Plates, sheets, and coils 27 N.A. N.A. N.A.

Tubes, pipes, and fittings 15 N.A. N.A. N.A.

Wire, bars, and rods 17 N.A. N.A. N.A. Other and unclassified 51 N.A. N.A. N.A.

Minerals, miscellaneous 82 124 66 71 Soda and sodium compounds 8 N.C. N.C. N.C.

Sulfur 69 121 62 67

Other and unclassified 5 3 4 4
88 FINANCIAL REPORT AND STATISTICAL DATA

Table 23.—Important Commodity Shipments Over Principal Trade Routes

Atlantic to Pacific—Continued

[Thousands of long tons] Fiscal year East Coast United States to Asia—Continued ^^^^ ^^^^ ^^®^ ^^^^

Nitrates, phosphates, and potash 2,971 2,207 2,221 2,165

Ammonium compounds 22 5 60 77

Fertilizers, unclassified 116 101 55 79

Phosphate

Fishmeal

2,8252

2,098

115

2,101 1,997 Potash 6 2 4 7 Ores and metals 2,732 3,422 1,544 2,020

Ores, miscellaneous 11 27 35 7

Metals 2,721 3,395 1,509 2,013

Iron 20 10 6 13

Scrap 2,607 3,288 1,405 1,910

Tin, including tinplate 67 59 78 67

Other and unclassified 27 38 20 23

Other agricultural commodities 622 525 390 366

Beans, edible 47 12 14 11 Cocoa and cacao beans 4 6 13 9

Cotton, raw 531 473 332 316

Oilseeds 10 4 3 2

Skins and hides 27 21 17 19 Other and unclassified 3 9 11 9

Petroleum and products 696 598 521 472

Asphalt 5 17 13 15 Crude oil 4 1 Diesel oil 15) ) ) Fuel oil, residual 1) 11) 1) Gasoline 14 11 27 31 Kerosene 2 6 1 Lubricating oil 486 514 419 381

Petroleum coke 121 N.A. N.A. N.A. Other and unclassified 48 39 60 44

Miscellaneous 1,200 1,523 1,409 1,024

Ammunition and explosives 16 53 10 9

Beer 1 6

Bricks and tile 6 5 3 5

Carbon, black 15 14 8 10 Cement 3 12 3 7

Clay, fire and china 97 78 51 54

Fibers, plant 7 N.A. N.A. N.A.

Flour, wheat 175 70 142 107

Glass and glassware 6 6 5 6

Groceries, miscellaneous 22 14 11 9

Oil, vegetable 43 33 19 41 Paper and paper products 90 67 49 66

Pharmaceutical products 2 6 4 6 Rags and waste 5 6 9 7

Railroad Resin

materials 126 417

7 42711180

Rubber, manufactured 50 44 38 53

Tallow 59 27 30 33

Textiles 25 49 21 19 Tobacco and manufactures 53 53 48 37 Wax, paraffin 11 16 11 5

All other and unclassified 389 545 513 369

Total 28,732 23,910 19,299 17,612
PANAMA CANAL COMPANY 89

Table 23.—Important Commodity Shipments Over Principal Trade Routes

Atlantic to Pacific—Continued East Coast Canada to West Coast
90 FINANCIAL REPORT AND STATISTICAL DATA

Table 23.—Important Commodity Shipments Over Principal Trade Routes

Atlantic to Pacific—Continued

[Thousands of long tons] Fiscal year East Coast Canada to Oceania—

Continued

Manufactures of iron and steel, miscellaneous

Minerals, miscellaneous Asbestos

Nitrates, phosphates, and potash __ Ammonium compounds

Ores and metals Metals

Tin, including Tinplate. _ Other and unclassified Miscellaneous Paper and paper products

All other and unclassified Total

1968

1024

24 _5

520

20

119

East Coast Canada to Asia: Canned and refrigerated foods Canned foods, miscellaneous

Refrigerated foods, miscellaneous _._ Chemicals and petroleum chemicals Chemicals, unclassified Petroleum chemicals, miscellaneous^ GrainsCorn

Soybeans

Wheat

Other and unclassified Lumber and products

Pulpwood

Other and unclassified Minerals, miscellaneous Asbestos Ores and metals

Ores, miscellaneous MetalsScrap Other Other agricultural commodities

Skins and hides Miscellaneous Paper and paper products Resin Ruber, manufactured

Slag

All other and unclassified Total

36

109

1 116 116

354

194 160

139

213

3 139

1064

524 670 East Coast Central America to West Coast

United States: Petroleum and products

Diesel oil Fuel oil, residual Gasoline

207

5)

1967

9

23

23

12

12

580

127

12

112

112

221 108

113 100

13

691

84

1966

23

23

150
PANAMA CANAL COMPANY 91

Table 23.—Important Commodity Shipments Over Principal Trade Routes

Atlantic to Pacific—Continued

[Thousands of long tons] East Coast Centr,\l America to West Coast Fiscal year United States—Continued

Petroleum and products—Continued

Jet fuel 20

Kerosene 140

Miscellaneous

All other and unclassified Total

1967 N.A.26

1966 N.A.

East Coast Central America to West Coast

Central America:

Manufactures of iron and steel, miscellaneous Petroleum and products

Diesel oil Fuel oil, residual Gasoline Kerosene Other and unclassified Minerals, miscellaneous

Sulfur Miscellaneous

Railroad materials

All other and unclassified Total East Coast Central America to West Coast

South America:

Manufactures of iron and steel, miscellaneous

Minerals, miscellaneous Soda and sodium compounds

Sulfur Miscellaneous Resin

All other and unclassified Total- East Coast Central America to Balboa, C.Z. Petroleum and products ._„ Diesel oil Fuel oil, residual Gasoline Kerosene

Total East Coast Central America to Oceania:

Minerals, miscellaneous

Salt Sulfur Other agricultural commodities

Sugar

Miscellaneous

All other and unclassified Total

207

2 288

77)

146)

56

6

3

10

2

219

19

31

471

81)

275)

113

2 471

174

174

176

84 24

3 150 46

125

N.C.5

12

N.C.5

10

1224 27

499

) 420) 55

24 499

1136

107

12

12

125

1965 N.A.

33

72

96)
92 FINANCIAL REPORT AND STATISTICAL DATA

1967 J 966

11 _35

35

13)

53

53

32

1 31

746

) 46)

7

N.A. N.A.

32

1

" 31

31

31

' 100

y

100)

7 9

109 145 170 East Coast South America to West Coast

United States: Canned and refrigerated foods, miscellaneous Manufactures of iron and steel, miscellaneous Ores and metals Ores

Alumina/'bauxite

Manganese

Other agricultural commodities Cocoa and cacao beans

Coffee

6 33017 258

330 258

330

54

238

20

29

351 Petroleum and Products 1,441

Crude oil 860

Diesel oil 16) Fuel oil, residual ) 228

121 210

6

11

6

23

1,772

) ) GasolineJet fuel Kerosene Other and unclassified Miscellaneous

All other and unclassified Total East Coast South America to West Coast

Canada:

Ores and metals

Ore, alumina/bauxite Other agricultural commodities

Coffee Petroleum and products

Diesel oil Fuel oil, residual Gasoline

11 10

62 62 57

62

4

468

623

3

51

572

2

172

52)

16) 51) 129)

43

J 965

Table 23.-Important Commodity Shipments Over Principal Trade Routes

Atlantic to Pacific—Continued

[Thousands of long tons] Fiscal year East Coast Centr.\l America to Asia: 1968 Canned and refrigerated foods 11 Bananas, refrigerated GrainsSorghum

Minerals, miscellaneous

Sulfur Ores and metals 37

Ores, miscellaneous

Metals, miscellaneous 37

Other agricultural commodities 4

Cotton, raw 4

Petroleum and products 13

Diesel oil Fuel oil, residual Miscellaneous 9

All other and unclassified Total

N.A.

N.A.

212149

1 48_2

235

113

"l68
PANAMA CANAL COMPANY 93

J.968

4

164

37

1,136

7)

3) 1332

15

East Coast Soxjth Amemca to West Coast

SotTTH America:

Grains

Rice Wheat

Manufactures of iron and steel, miscellaneous

Minerals, miscellaneous

_25

1114

1 20

Salt Soda and sodium compounds

Nitrates, phosphates, and potash.

Ammonium compounds

Fertilizers, unclassified Ores and metals

146

15

15

Ore, alimiina/bauxite

Other agricultural commodities. Cocoa and cacao beans Other and unclassified Petroleum and products

Asphalt

Crude oil Diesel oil Fuel oil, residual Gasoline Kerosene

Lubricating oil Other and unclassified Miscellaneous

12

3,469

2,781

35)

360) 22738

16

12

16 Cement

All other and unclassified- Total 16

1967 2
94 FINANCIAL REPORT AND STATISTICAL DATA

Table 23.—Important Commodity Shipments Over Principal Trade Routes

Atlantic to Pacific—Continued

[Thousands of long tons] Fiscal year East Coast South America to Balboa, C.Z.: Petroleum and products
PANAMA CANAL COMPANY 95

Table 23.—Important Commodity Shipments Over Principal Trade Routes

Atlantic to Pacific—Continued

[Thousands of long tons] East Coast South America to Asia—Continued

Other agricultural commodities—Continued

Cotton, raw

Molasses

Oilseeds Sugar

Wool, raw

Other and unclassified Petroleum and products
96 FINANCIAL REPORT AND STATISTICAL DATA

Table 23.—Important Commodity Shipments Over Principal Trade Routes

Atlantic to Pacific—Continued

[Thousands of long tons] Fiscal year West Indies to West Coast Central America

Chemicals and petroleum chemicals, miscellaneous

Nitrates, phosphates, and potash

Ainmonium compounds

Fertilizers, unclassified Petroleum and products

Asphalt

Crude oil Diesel oil Fuel oil, residual Gasoline Kerosene

Lubricating oil Other and unclassified Miscellaneous

All other and unclassified Total West Indies to West Coast South America:

Minerals, miscellaneous

Salt- Nitrates, phosphates, and potashAmmonium compounds

Fertilizers, unclassified Other agricultural commodities.

Molasses Sugar

Petroleum and products

Asphalt

Crude oil Diesel oil Fuel oil, residual Gasoline

Jet fuel Kerosene

Lubricating oil Other and unclassified Miscellaneous Paper and paper products.

All other and unclassified- Total

196811151967 329

19665

32

3
PANAMA CANAL COMPANY 97

Table 23.—Important Commodity Shipments Over Principal Trade Routes

Atlantic to Pacific—Continued

[Thousands of long tons] Fiscal year West Indies to Hawah:

Petroleum and products

Diesel oil Fuel oil, residual

Gasoline

Jet fuel Kerosene

Total

1968480

45

292

143

480

West Indies to Oceania:

Ores and metals

Ore, alumina/bauxite Petroleum and products

Asphalt

Diesel oil Fuel oil, residual Gasoline Kerosene

Lubricating oil Other and unclassified Miscellaneous

All other and unclassified. Total

1967287

) 36)

24

N.A. 227

287

Ji

1424

196G176

) 17)

'"n.a~ 159

176

334

12

12

West Indies to Asia:

Nitrates, phosphates, and potash

Fish, refrigerated

Nitrates, phosphates, and potash^

Fertilizers, unclassified Phosphate

Ores and metals Ores

Alumina/bauxite

Copper

Metal, scrap43

39 47 38 36

28

8

11 834

79

755

1,004

317

1 Other agricultural commodities 1,048 Molasses 114

Sugar 934

Petroleum and products 1,288

Crude oil Diesel oil 925) ) Fuel oil, residual 305) 914)

Gasoline 7

Kerosene 20

Lubricating oil 58 43

Other and unclassified 20

Miscellaneous 6 14

All other and unclassified 6 14

Total 2,384 1,910

Europe to West Coast United States: Canned and refrigerated foods, miscellaneous 31 27

Chemicals and petroleum chemicals, miscellaneous 32 38

Lumber and Products 17 11

17)

11

44

_8

8

124

8

JL9 17

1965142

2

N.A. 140

142

2

168

3145

32

1132

1724

24

194

10

10

40

29

6

112 625

48 27

577 607

871 685

24

5

11 634
98 FINANCIAL REPORT AND STATISTICAL DATA

Fiscal year

Table 23.—Important Commodity Shipments Over Principal Trade Routes

Atlantic to Pacific—Continued

[Thousands of long tons] Europe to West Coast United States—

Continued

Lumber and products—Continued

Plywood, veneers, composition board—.

Pulpwood

Other and unclassified Machinery and equipment

Agricultural machinery and implements

Automobiles, trucks, accessories, and

parts Construction machinery and equipment

Electrical machinery and apparatus

Motorcycles, bicycles, and parts Other and unclassified Manufactures of iron and steel Angles, shapes, and sections.

Nails, tacks, and spikes

Plates, sheets, and coils Tubes, pipes, and fittings Wire, bars, and rods Other and unclassified Minerals, miscellaneous Asbestos Soda and sodium compounds.

Other and unclassified

Nitrates, phosphates, and potash

Ammonium compounds

Fertilizers, unclassified Fishmeal

Nitrate of soda Ores and metals Ores Alumina/bauxite

Zinc Other and unclassified. Metals ._. Iron Other and unclassified . Other agricultural commodities,

miscellaneous Miscellaneous Beer

Creosote

Glass and Glassware

Groceries, miscellaneous-. Liquors and wines

Marble and stone Paper and paper products_ Rope and twine Rubber,manufactured

All other and unclassified- Total. Europe to West Coast Canada:

Chemicals and petroleum chemicals, miscellaneous Machinery and equipment

3

2

3

61

N.C.

1042

36

59

4

55

41

14

314

10

1730

7

61

860

9

83

21

519

2 118

8160

174

3725

127 330

19

31855

772

56

1968
PANAMA CANAL COMPANY 99

Table 23.—Important Commodity Shipments Over Principal Trade Routes

Atlantic to Pacific—Continued

[Thousands of long tons] Europe to West Coast Canada—Continued p. , Machinery and equipment—Continued . , Automobiles, trucks, accessories and 1968 1967 1966 1965

parts 21 17 16 13

Motorcycles, bicycles, and parts 5

Other and unclassified 12 15 15 10 Manufactures of iron and steel 100 120 104 92

Angles, shapes, and sections 18 N.A. N.A. N.A.

Tubes, pipes, and fittings 14 N.A. N.A. N.A.

Wire, bars, and rods 16 N.A. N.A. N.A. Other and unclassified 52 N.A. N.A. N.A. Ores and metals 12 11 3 12

Metals, miscellaneous 12 11 3 12 Petroleum and products 16 40 33 41

Asphalt 16 40 33 41

Miscellaneous 96 105 68 85

Clay, fire, and china 5 10 5 6

Creosote 7 15 12

Glass and glassware 9 10 11 13

Liquors and wines 9 9 9 8 Paper and paper products 1 7 2

All other and unclassified 65 54 43 44

Total 266 316 245 259

Europe to West Coast Central America:

Canned and refrigerated foods 6 9 7 7 Canned foods, miscellaneous 6 9 7 7

Chemicals and petroleum chemicals, miscellaneous 20 27 22 24

Machinery and equipment 15 18 15 20

Automobiles, trucks, accessories, and

parts 5 7 7 7 Other and unclassified 10 11 8 13 Manufactures of iron and steel 59 59 76 61

Angles, shapes, and sections 7 N.A. N.A. N.A.

Plates, sheets, and coils 6 N.A. N.A. N.A,

Wire, bars, and rods 13 N.A. N.A. N.A. Other and unclassified 33 N.A. N.A. N.A.

Nitrates, phosphates, and potash 203 159 121 182 Ammonium compounds 64 36 36 45

Fertilizers, unclassified 134 118 77 129

Phosphate 4 3 5 7 Other and unclassified 12 3 1 Ores and metals 12 17 10 4

Metals, miscellaneous 12 17 10 4

Miscellaneous 63 80 93 78

Cement 4 4 19 5

Glass and glassware 6 9 10 7 Paper and paper products 14 14 11 9

Other and unclassified 39 53 53 57

Total 378 369 344 376

Europe to West Coast South America:

Canned and refrigerated foods 60 60 52 19 Canned foods 47 47 46 18

Milk 34 36 33 13 Other and unclassified 13 11 13 5
100 FINANCIAL REPORT AND STATISTICAL DATA

Table 23.-Important Commodity Shipments Over Principal Trade Routes

Atlantic to Pacific—Continued

[Thousands of long tons] Europe Of to West Coast South America— „. , J Fiscal year Continued ^_l . Canned and refrigerated foods-Continued 1968 1967 1966 1965

Refrigerated foods 13 13 6 1 Dairy products 13 13 6 I Chemicals and petroleum chemicals, miscellaneous 70 102 103 85

Coal and coke 75 10 11 8

Grains 53 25 30 18

Barley 12 17 15 5

Oats 4 6 7 5

Rice 5 8 Wheat 31 7 Other and unclassified 12 1 Lumber and products 15 36 39 28

Pulpwood 14 35 37 27

Other and unclassified 112 1 Machinery and equipment 128 163 126 1 17

Agricultural machinery and implements- 18 13 11 11 Automobiles, trucks, accessories, and

parts 31 39 27 20

Construction machinery and equipment- 28 N.A. N.A. N.A.

Electrical machinery and apparatus 17 14 19 17 Other and unclassified 34 97 69 69

Manufactures of iron and steel 189 233 273 182

Angles, shapes, and sections 23 N.A. N.A. N.A.

Nails, tacks, and spikes 5 N.A. N.A. N.A.

Plates, sheets, and coils 38 N.A. N.A. N.A.

Tubes, pipes, and fittings 16 N.A. N.A. N.A.

Wire, bars, and rods 39 N.A. N.A. N.A. Other and unclassified 68 N.A. N.A. N.A.

Minerals, miscellaneous 37 5 17 4

Soda and sodium compounds 29 N.C. N.C. N.C.

Sulfur 1 13 2 Other and unclassified 7 5 4 2

Nitrates, phosphates, and potash 210 151 177 172 Ammonimn compounds 60 49 52 71

Fertilizers, unclassified 87 76 64 61 Phosphate 33 9 36 33

Potash 26 13 22 5

Other and unclassified 4 4 3 2

Ores and metals 27 38 48 45

Metals 27 38 48 45

Iron 14 22" 32 33

Scrap 5 5

Tin, including tinplate 4 7 9 6

Other and unclassified 4 4 7 6

Other agricultural commodities 25 22 19 13 Sugar 23 20 14 U

Other and unclassified 2 2 5 2

Petroleum and products, miscellaneous 5 3 7 3

Miscellaneous 283 440 363 273

Ammunition and explosives 5 6 3 4

Bricks and tile 4 4 6 5

Caustic soda 16 N.A. N.A. N.A. Cement 18 93 50 16
PANAMA CANAL COMPANY 101

196713

14

118

146

69

2

196615

14

85

6

4

57

1 6

179

168

17 172

1,265

16
102 FINANCIAL REPORT AND STATISTICAL DATA

Table 23.—Important Commodity Shipments Over Principal Trade Routes

Atlantic to Pacific—Continued

[Thousands of long tons] Europe to Oceania—Continued

Ores and metals—Continued

Metals—Continued

Tin, including tinplate^ Other and unclassified. Other agricultural comniodities_-

Sugar

Other and unclassified Petroleum and products

Asphalt

Diesel oil Fuel oil, residual Gasoline Lubricating oil Other and unclassified Miscellaneous Beer

Bricks and tile Cement

Clay, fire, and china

Flour, wheat

Floor coverings

Glass and glassware

Liquors and wines

Paper and paper products,

Slag

Textiles

All other and unclassified- Total- EuROPE TO Asia: Canned and refrigerated foods, miscellaneous Chemicals and petroleum chemicals Chemicals, unclassified Petroleum chemicals Benzene

Other and unclassified- Coal and coke

Grains

Fiscal year 1968

Barley

Other and unclassified Machinery and equipment

Automobiles, trucks, accessories, and

parts Construction machinery and equipment

Other and unclassified Manufactures of iron and steel Angles, shapes, and sections

Plates, sheets, and coils Other and unclassified Minerals, miscellaneous

1967 4

11

1966 320

4

5)

Salt Soda and sodium compounds.

Sulfur

Nitrates, phosphates, and potash _

26

_^

5115

78

795

22

139

35

9

9

1749

65

38

6236

13

1335

3333

N.A.

3 N.A.

423

N.A. N.A.

N.A.

N.C.

'""is

3 26

142

N.A.

1 N.A.4

4

N.A.

N.A.

N.A.

N.C. '"37

1965 4

11 9
PANAMA CANAL COMPANY 103

Table 23.—Important Commodity Shipments Over Principal

Atlantic to Pacific—Continued

[Thousands of long tons]

Trade Routes

Europe to AsiA_Continued

Nitrates, phosphates, and potash—Continued

Phosphate

Potash Other and unclassified Ores and metals Ores Chrome

Lead

Zinc Other and unclassified Metals

19681024

1 2,056

74

55

10

Iron Scrap Other and unclassified- Other agricultural commodities-.

Cotton, raw

Other and unclassified Petroleum and products

Crude oil Diesel oil Fuel oil, residual Petroleum coke Other and unclassified Miscellaneous

Groceries, miscellaneous Liquors and wines

Marble and stone

Oil, fish Resin Tobacco and manufactures- AU other and unclassified.

Total Africa to West Coast United States: Manufactures of iron and steel, miscellaneous

Minerals, miscellaneous Asbestos Ores and metals Ores

Alumina/bauxitie

Chrome

Manganese

Other and unclassified

Other agricultural commodities-. Cocoa and cacao beans

Coffee Other and unclassified Miscellaneous Hemp

All other and unclassified- Total

55

61

3,439

12

11

13

Fiscal year 1967

13 377

~1T

10 9

1,982
104 FINANCIAL REPORT AND STATISTICAL DATA

Table 23.—Important Commodity Shipments Over Principal Trade Routes

Atlantic to Pacific—Continued

[Thousands of long tons] Fiscal year Africa to West Coast Canada:

Otlier agricultural commodities
PANAMA CANAL COMPANY 105

Table 24.—Important Commodity Shipments Over Principal Trade Routes

Pacific to Atlantic

[Thousands of long tons] West Coast United States to East Coast

United States: Canned and refrigerated foods, miscellaneous Chemicals and petroleum chemicals Chemicals, unclassified Petroleum chemicals

Fiscal year 1968 6

176

43

130

Detergent alkylates Other and unclassified

All other and unclassified Lumber and products Boards and planks

Plywood, veneers, composition board. Piilpwood

Other and unclassified Manufactures of iron and steel, miscellaneous Ores and metals

10 120

3

_56J. 360

14

196744

22^

92

128

N.A. 128

N.A. 617

N.A.

N.A. 187

7

107

N.A.

Ores Magnesite . Other and unclassified. Other agricultural commodities.. Molasses Petroleum and products

Crude oil Diesel oil Fuel oil, residual Gasoline Kerosene

Lubricating oil Other and unclassified Miscellaneous

107 75

75

N.A. 107 1065

5

_358

146

20)

30) 22

5 246

1211965 233

Fruit, dried

Oil, vegetable

Wine

AH other and unclassified. Total

6

1 43

183^ 1,280 1,440

1 42

22 West Coast United States to East Coast

Canada:

Minerals, miscellaneous Soda and sodium compounds

Ores and metals

Ore, copper

Petroleum and products

Diesel oil Fuel oil, residual Miscellaneous

All other and unclassified- Total

N.C.

N.C.

1966

24

) 64) 27

11 120

658

102

) 302)

83

11 11248

_J71

11

1 40

119

1,958

N.C. N.C.

1965 84
106 FINANCIAL REPORT AND STATISTICAL DATA

Fiscal year 1968 1967 1966

14

JJ.74 U

7

7

16

1648123013

48

31 3030 26

312

2 _7

2

14

19

2

2

1 14 6

103

24

6

44

37

19

1 10

1 25

160 147 West Coast United States to Cmstobal, C.Z.: Petroleum and products Fuel oil, residual Miscellaneous

All other and unclassified Total West Coast United States to West Indies: Canned and refrigerated foods, miscellaneous Chemicals and petroleum chemicals.^

Caustic soda

Grains

Rice Wheat

Lumber and products, miscellaneous Petroleum and Products Crude oil Diesel oil Fuel oil, residual

133 133

3

N.C.

N.C.

N.C.

N.C.4

4

136

11

10399

4

8 200

98

102)

i965

J.57

8

15

Table 24.-Important Commodity Shipments Over Principal Trade Routes

Pacific to Atlantic—Continued

[Thousands of long tons] West Coast United States to East Coast

Central America—Continued

Miscellaneous

All other and unclassified Total West Coast United States to East Coast

South America;

Canned and refrigerated foods Canned foods, miscellaneous

Refrigerated foods

Fruit, excluding bananas_.

Chemicals and petroleum chemicals, miscellaneous GrainsWheat

Lumber and products

Pulpwood

Machinery and equipment, miscellaneous Manufactures of iron and steel, miscellaneous

Minerals, miscellaneous Borax

Infusorial earth Other and unclassified Other agricultural commodities

Beans, edible Peas, dry Other and unclassified Miscellaneous

Oil, vegetable

Paper and paper products

Vegetables, dry

All other and unclassified Total

29

30
PANAMA CANAL COMPANY 107

Fiscal year

Table 24.—Important Commodity Shipments Over Principal Trade Routes

Pacific to Atlantic—Continued

[Thousands of long tons] West Coast United States to West Indies—

Continued

Miscellaneous _____

Paper and paper products 16

All other and unclassified 121

Total

1968137

465

1967169

13 156

288

West Coast United States to Europe:

Canned and refrigerated foods Canned foods Fish

Fruit Other and unclassified Refrigerated foods Fish

Fruit, excluding bananas Meat

Other and unclassified Chemicals and petroleum chemicals __ Chemicals, unclassified Petroleum chemicals, miscellaneous . Coal and coke

CrainsBarley Oats

Rice Wheat

Other and unclassified Lumber and products Boards and planks

Plywood, veneers, composition board. Pulpwood

Other and unclassified Machinery and equipment, miscellaneous- Manufactures of iron and steel, miscellaneous

Minerals, miscellaneous Borax

Infusorial earth Other and unclassified Ores and metals Ores-Copper

Other and unclassified- MetalsAluminum

Copper

Scrap

Tin, including tinplate.

Other and unclassified- Other agricultural commodities-.

Beans, edible Cotton, raw

Fruit, dried Oilseeds

Peas, dry

248

138

12 1179

110

6

87

7

1043

32

1151 108

96

3

2

7 513

175

26

183 129

10

3140

8

8

9

146

171366

6

38

398

250

18 208

24

148

9

125

6

8

21192

1966
108 FINANCIAL REPORT AND STATISTICAL DATA

Fiscal year

Table 24.-Important Commodity Shipments Over Principal Trade Routes

Pacific to Atlantic—Continued

[Thousands of long tons] West Coast United States to Europe—

Continued

Other agricultural commodities—Continued 1968 Skins and hides 4 Other and unclassified 2

Petroleum and products 492

Asphalt1967 9

2

505

Lubricating oil Petroleum coke Other and unclassified Miscellaneous Copra

Flour, wheat

Groceries, miscellaneous-

Honey

Nuts, edible

Oil, vegetable

Paper and paper products.

Rags and waste

Resin

Seeds, excluding oilseeds-. Tallow

Vegetables, dry

All other and unclassified1 276

215

230

1 278

226

260

35

2

5

2

35

72

6

2

17

13

77

28

128

3

5

468

7

1 22

3

1980

1966 7

3 462

6

2 213

241 222

12

86

4

8

8

475

3

22

5

1876

West Coast United States to Afiuca:

Chemicals and petroleum chemicals, Miscellaneous

Grains 27

1150

9

87

Barley

Wheat

Lumber and products, miscellaneous

miscellaneous Paper and paper products

Tallow

All other and unclassified Total

27 50

II31

9

1 2177

74420

2

22

112

87

1649

12730

161 West Coast United States to Asia ( Middle

East):

Grains

Barley

Wheat

Lumber and products, miscellaneous

Minerals, miscellaneous Borax

Ores and metals

Ore, copper

Miscellaneous

Flour, wheat

All other and unclassified Total

42 60 28

42

5

1

28

32

4

28

118

3

21

21

18

116

5

10

19

77 74 61 West Coast Canada to East Coast

UNfTED States: Lumber and products 1,551

Board and planks 951 N.A. N.A.

1965 77

443226

201 214

205

7

4

4

14

1246

4

320

6

1579

Total 2,424 2,443 2,888 2,411

1210

10966

23

9

34

97

1414

18

1,293 1,466 1,154 N.A
PANAMA CANAL COMPANY 109

Table 24.—Important Commodity Shipments Over Principal Trade Routes

Pacific to Atlantic—Continued

[Thousands of long tons] West Coast Canada to East Coast Fiscal year United States—Continued

Lumber and products—Continued

Pulpwood

Other and unclassified

Nitrates, phosphates, and potash Potash

Miscellaneous Paper and paper products

All other and unclassified Total 1,750

West Coast Canada to East Coast

Canada:

Lumber and products, miscellaneous West Coast Canada to East Coast

South America:

GrainsBarley

Wheat

Lumber and products

Pulpwood

Minerals, miscellaneous

Sulfur

Nitrates, phosphates, and potash Potash

Miscellaneous Paper and paper products

All other and unclassified Total West Coast Canada to West Indies: GrainsWheat

Lumber and products Boards and planks

Other and unclassified

Nitrates, phosphates, and potash Potash

Miscellaneous

Flour, wheat

All other and unclassified Total West Coast Canada to Europe:

Canned and refrigerated foods Canned foods

Fish Other and unclassified Refrigerated foods Fish

Fruit, excluding bananas

Other and unclassified Chemicals and petroleum chemicals, miscellaneous Grains —

1968
110 FINANCIAL REPORT AND STATISTICAL DATA

Table 24.-Important Commodity Shipments Over Principal Trade Routes

Pacific to Atlantic—Continued

[Thousands of long tons] West Coast Canada to Europe—Continued

Grains—Continued

Barley Oats Wheat

Other and unclassified Lumber and products Boards and planks

Millwork

Plywood, veneers, composition board—

Pulpwood

Other and unclassified Minerals, miscellaneous
PANAMA CANAL COMPANY 111

Table 24.—Important Commodity Shipments Over Principal Trade Routes

Pacific to Atlantic—Continued

[Thousands of long tons] West Coast Canada to Africa—Continued

Miscellaneous Paper and paper products

All other and unclassified Total

1968

West Coast Canada to Asia (Middle East):

GrainsBarley

Wheat

Lumber and products, miscellaneous

Minerals, miscellaneous

Sulfur - Miscellaneous

All other and unclassified Total West Coast Central America to East Coast

United States: Canned and refrigerated foods

Refrigerated foods Bananas Meat

Other and unclassified Lumber and products, miscellaneous

Minerals, miscellaneous

Salt Other agricultural commodities

Cofl^ee Cotton, raw

Molasses

Oilseeds Sugar

Miscellaneous

All other and unclassified Total West Coast Central AMEmcA to East Coast

Central America:

GrainsWheat

Miscellaneous

All other and unclassified Total West Coast Central America to East Coast

South America:

GrainsCorn Wheat

Other agricultural commodities

Beans, edible Miscellaneous

All other and unclassified Total

196

47

47

56

350

350

339

8

3

4 164

164 355

225

109

3

216

7

Fiscal year 196720

1 19^ 271

4444

1966n

3

8 275

13 "'13

21

53

299

299

2915

3

347

47

35147

4

105

3 1926

38

214

214

208

5

19

223

24

5683

12345

7
112 FINANCIAL REPORT AND STATISTICAL DATA

Table 24.—Important Commodity Shipments Over Principal Trade Routes

Pacific to Atlantic—Continued

[Thousands of long tons] West Coast Central America to Cristobal,

C.Z.: Lumber and products, miscellaneous Miscellaneous

All other and unclassified
PANAMA CANAL COMPANY 113

Fiscal year

Table 24.—Impoi-tant Commodity Shipments Over Principal Trade Routes

Pacific to Atlantic—Continued

[Thousands of long tons] West Coast South America to East Coast

United States—Continued

Canned and refrigerated foods—Continued 1968 Canned foods, miscellaneous ._ 2

Refrigerated foods Bananas

Fish

Fruit, excluding bananas

Other and unclassified Chemicals and petroleum chemicals, miscellaneous Lumber and products Boards and planks ^ 20

Other and unclassified 16 Manufactures of iron and steel, miscellaneous 6

Minerals, miscellaneous 156

387

348

629

4

236

1967

455

426

7

21

1 15

49^ N.A.

N.A.

1 29

1966

500

461

530

4

5

41

N.A.

N.A.

i965

609

573

729

950

N.A.

N.A.

Salt- Soda and sodium compounds

Nitrates, phosphates, and potash

Fertilizers, unclassified Fishmeal

Nitrate of soda Potash Ores and metals

1515

696

481 215

2,605 Ores 2,323

Antimony 3 Chrome

Copper

Iron Lead

Manganese

Tin

Zinc Other and unclassified Metals

29

N.C. 589

3

304

280

2

3,486

2,1427

N.C.
114 FINANCIAL REPORT AND STATISTICAL DATA

Table 24.-Important Commodity Shipments Over Principal Trade Routes

Pacific to Atlantic—Continued

[Thousands of long tons] West Coast South America to East Coast

United States—Continued

Miscellaneous—Continued

All other and unclassified

1059

43

1643

36

7 119

Fiscal year

Nitrates, phosphates, and potash.

Fishmeal

Nitrate of soda Other agricultural commodities

Cotton, raw

Other and unclassified Miscellaneous

Oil, fish All other and unclassified Total

45

34

116

435

1124

92 West Coast South America to Cristobal, C.Z.: Miscellaneous

All other and unclassified Total

N.A.

N.A.

6

1968 1967 25 38

Total 4,828

West Coast South Amemca to East Coast ===

Canada:

Lumber and products 11 9

Boards and planks 7 Other and unclassified 4

Nitrates, phosphates, and potash 3

Nitrate of soda 3 Ores and metals

Ore, iron Other agricultural commodities 3

Coffee 3

Miscellaneous

All other and unclassified Total 17 West Coast South America to East Coast

^^^^^^^ Central America:

Lumber and products 7 Pulpwood 7 Manufactures of iron and steel, miscellaneous

Nitrates, phosphates, and potash

Fishmeal

Nitrate of soda

Miscellaneous Paper and paper products

All other and unclassified Total West Coast South America to East Coast

South America:

GrainsWheat

Lumber and products 6

Pulpwood 6 Other and unclassified

23

1310

68

196621

N.A.

N.A.9

27

189

49

196515

5,702 5,762 6,169

N.A. N.A.

5 6
PANAMA CANAL COMPANY 115

Table 24.—Important Commodity Shipments Over Principal Trade Routes

Pacific to Atlantic—Continued

[Thousands of long tons] Fiscal year West Coast South America to West Indies: 1968 1967 Canned and refrigerated foods 56 60

Fish, refrigerated 56 60

Petroleum and products 180 28

Crude oil TSO 28

Miscellaneous 5 4

All other and unclassified 5 4

Total 241 92 West Coast Soitth America to Europe:

Canned and refrigerated foods 668 665

Canned foods, miscellaneous 4 6

Refrigerated foods 664 659

Bananas 639 635

Fruit, excluding bananas 18 17 Other and unclassified 7 7

Grains 10 IT

Rice 1 Soybeans 7 Wheat 10 3

Lumber and products 10 12

Boards and planks 6 N.A. Other and unclassified 4 N.A. Manufactures of iron and steel, miscellaneous 17

Nitrates, phosphates, and potash 1,331 1,235

Ammonium compounds 2

Fertilizers, unclassified 2

Fishmeal 1,137 942

Nitrate of soda 192 289

Potash 2

Ores and metals 1,673 1,809 Ores

-" 1,214 1,356

Copper

' 80 85

Iron 915 1,081

Lead 81 28

Tin 57 56

Zinc 56 58

Other and unclassified 25 48

Metals 459 453

Copper 433 417

Iron 1 Lead 13 20

Zinc 10 12 Other and unclassified 3 3 Other agricultural commodities 341 250

Beans, edible 13 7 Cocoa and cacao beans 25 16

Coffee 141 107

Cotton, raw 52 53

Oilseeds 22 49

Sugar 75 9

Wool, raw 8 6 Other and unclassified 5 3

196634

196527

34
116 FINANCIAL REPORT AND STATISTICAL DATA

Table 24.—Important Commodity Shipments Over Principal Trade Routes

Pacific to Atlantic—Continued

[Thousands of long tons] West Coast South America to Europe— , Fiscal year Continued

Petroleum and products

Crude oil Diesel oil Fuel oil, residual Miscellaneous

Oil, fish Oil, vegetable

Oil, whale

Vegetables, dry

Wine

All other and unclassified Total West Coast South America to Asia (Middle

East):

Grains

Rice

Nitrates, phosphates, and potash

Fishmeal

Nitrate of soda

Miscellaneous

All other and unclassified Total Balboa, C.Z., to East Coast United States: Canned and refrigerated foods

Fish, refrigerated Other agricultural commodities

Coffee Sugar

Miscellaneous

All other and unclassified Total Ham^aii to East Coast United States: Canned and refrigerated foods Canned foods

Fish

Fruit Refrigerated foods, miscellaneous Other agricultural commodities

Sugar

Miscellaneous

All other and unclassified TotalHavs^aii to Europe:

Canned and refrigerated foods Canned fruit Other agricultural commodities __ Molasses

Miscellaneous

All other and unclassified Total

1968249

227

22) 281 225

2

16236

10

11

16

175

172

10 162

3 256

256

439

1967154

152

) 2)

253

1922

2

11343

J 966120

120

99

42

114

7

332

1965174

172

2 253

169

1 28

748

4,563 4,406 5,380 6,186

20

20

4

28

198

198

1 197 178

178

9

385

141435

35

49

10

10

1

11

10

207

207

6

201

29

183

15

11n

29

5

12

25

210

210

2 208

274
PANAMA CANAL COMPANY 117

Table 24.—Important Commodity Shipments Over Principal Trade Routes

Pacific to Atlantic—Continued

[Thousands of long tons] Fiscal year Oceania to East Coast Unfted States: Canned and refrigerated foods Canned foods, miscellaneous.

Refrigerated foods Dairy products Meat

Other and unclassified _ Manufactures of iron and steel, miscellaneous Ores and metals Ores Lead

Manganese

Other and unclassified MetalsCopper

Iron Lead

Zinc Other and unclassified __ Other agricultural commodities

Molasses

Skins and hides Sugar

Wool, raw

Miscellaneous

All other and unclassified- Total Oceania to East Coast Canada:

Canned and refrigerated foods _ Canned foods

Fruit Other and unclassified Refrigerated foods Meat

Other and unclassified

Manufactures of iron and steel, miscellaneous Ores and metals

Ores, miscellaneous

Metals, miscellaneous Other agricultural commodities _ Fruit, dried Sugar

Wool, raw

Other and unclassified Miscellaneous Sand

All other and unclassified- Total Oceania to East Coast Central Amemca:

Other agricultural commodities

1968301

9 292

20

267

5

213

170

1035

125

43

27

437

139

18 204

76

35

54

23

194

31

1967295

4

291

1966232

3 229

55 219

133

3

17 11386

16

51

16

12 433

153

16 19272

24 35 24 986 1,026

_531815

335

62

21 218

95

1919 879

_5§Y716

1 21

1965185

2

183 49
118 FINANCIAL REPORT AND STATISTICAL DATA

Fiscal year

Oceania to West Indies: Canned and refrigerated foods—

Canned foods Milk

Other and unclassified- Refrigerated foods Dairy products Meat

Manufactures of iron and steel, miscellaneous Ores and metals Ore, alumina/bauxite

Miscellaneous

Flour, wheat

Tallow

All other and unclassified

Total Oceania to Europe:

Canned and refrigerated foods Canned foods

Fruit Milk Other and unclassified

Refrigerated foods Dairy products

Fruit, excluding bananas

Meat

Other and unclassified _^- GrainsWheat

Other and unclassified

1968

113

1967 1966102

111510 397

1410

127 397

13
PANAMA CANAL COMPANY 119

Table 24.—Important Commodity Shipments Over Principal Trade Routes

Pacific to Atlantic—Continued

[Thousands of long tons] Fiscal year Oceania to Europe—Continued 1968

Nitrates, phosphates, and potash 96

Phosphate 96

Ores and metals 206

Ores 100 Alumina /bauxite 10

Zinc 29

Other and unclassified 61

Metals 106 Lead 51 Other and unclassified 55

Other agricultural commodities : 590 Cocoa and cacao beans 6

Peas, dry , 5

Skins and hides 49

Sugar 316

Wool, raw 210

Other and unclassified 4

Miscellaneous 181 Copra 103

Groceries, miscellaneous 4

Oil, coconut 21

Seeds, excluding oilseeds 10 Tallow 13 Other and unclassified 30

Total 1,836

Asia to East Coast United States: Canned and refrigerated foods 178 Canned foods 162

Fish 52

Fruit 88

Vegetables , 11 Other and unclassified 11

Refrigerated foods 16

Fish 13 Other and unclassified 3 Chemicals and petroleum chemicals 42

Chemicals, unclassified 38

Petroleum chemicals, miscellaneous 4 Lumber and products 516

Boards and planks 22

Plywood, veneers, composition board.-- 413

Other and unclassified 81 Machinery and equipment 212

Agricultural machinery and

implements 6

Automobiles, trucks, accessories, and

parts 54

Construction machinery and

equipment 9

Electrical machinery and apparatus 94

Motorcycles, bicycles, and parts 20

Other and unclassified 29

1967119

25

22

161 115

1 138

77

1 11

111226

46

79

5

15

13

12

1 107 106

1 407

N.A.

N.A.

N.A. 172

1966197

4

320

142 155

3 148

2

15

12

1023

38

685

11

11

1965 214

119
120 FINANCIAL REPORT AND STATISTICAL DATA

Table 24.—Important Commodity Sliipmcnts Over Principal Trade Routes

Pacific to Atlantic—Continued

[Thousands of long tons] Fiscal year Asia TO East Coast United STATES-Continued ^968 1967 1966 1965 Manufactures of iron and steel 3,641 2,836 2,851 1,858

Angles, shapes, and sections 167 N.A. N.A. N.A.

Nails, tacks, and spikes 89 N.A. N.A. N.A.

Plates, sheets, and coils 1,366 N.A. N.A. N.A.

Tubes, pipes, and fittings . __ 198 N.A. N.A. N.A.

Wire, bars, and rods 295 N.A. N.A. N.A. Other and unclassified 1,528 N.A. N.A. N.A.

Minerals, miscellaneous 12

Infusorial earth 12 Ores and metals 207 301 515 281

Ores 134 208 384 216

Chrome 108 156 316 202

Iron 20 16 21 Magnesite N.A. 23 21 2 Manganese 1 9 25 11 MetalsOther and unclassified 73

5

93

4

13111

65

Iron 34 ~ 33^ 55 27

Tin, including tinplate 14 5 8 9

Zinc 24 20 12 3

Other and unclassified 1 35 56 26

Other agricultural commodities 1,170 1,169 1,232 1,172 Coffee ' 22 IS" 14 5

Molasses 15 24 30

Rubber, raw 133 78 55 62

Sugar 1,010 1,059 1,133 1,074 Other and unclassified 5 2 6 1 Miscellaneous 1,299 1,218 1,200 1,044

Bricks and tile 59 50 61 45

Clay, fire and china 8 Copra 35 35 44 33

Fibers 38 48 67 48

Animal N.A. N.A. RA.

Plant 38 32 42 36

Unclassified N.A. 16 25 12

Floor coverings 22 24 25 21

Glass and glassware 44 33 34 22

Groceries, miscellaneous 14 18 8 10

Oil, coconut 122 99 96 121

Oil, vegetable 9 10 4 1 Oil, whale 12 2 11 Paper and paper products 4 11 4 3

Porcelainware 74 87 92 90

Resin 7 5 2 1 Rubber, manufactured 23 34 29 16

Slag 4 8 5

Spices 9 6 5 6

Textiles 173 157 151 143 Tobacco and manufactures 14 6 8 12

All other and unclassified 628 585 565 461

Total 7,277 6,368 6,604 4,928
PANAMA CANAL COMPANY 121

Table 24.—Important Commodity Shipments Over Principal Trade Routes

Pacific to Atlantic—Continued

[Thousands of long tons] Fiscal year Asia TO East Coast Canada: ^968 1967 Canned and refrigerated foods 10 Canned foods, miscellaneous 10 Lumber and products 35

Plywood, veneers, composition board __ 30

Other and unclassified 5

Manufactures of iron and steel 56

Plates, sheets, and coils 9 N.A.

Tubes, pipes, and fittings 7 N.A.

Wire, bars, and rods 8 N.A. Other and unclassified 32 N.A. Ores and metals . 13 21

Ores 11 Chrome 8 Other and unclassified 3

Metals, miscellaneous 2

Miscellaneous 94

Bricks and tile 7

Nuts, edible 8

Porcelainware 6

Textiles 6 Other and unclassified 67

Total 208

Asia to East Coast Central America:

Machinery and equipment 4

Electrical machinery and apparatus 2 5

Other and unclassified 2 5 Manufactures of iron and steel, miscellaneous 6 9

Other agricultural commodities 9 8

Miscellaneous 4 9

All other and unclassified 4 9

Total 23 36

Asia to East Coast Sotrrn America : Chemicals and petroleum chemicals, miscellaneous Machinery and equipment

Automobiles, trucks, accessories, and parts

Electrical machinery and apparatus _. Other and unclassified Manufactures of iron and steel Plates, sheets, and coils Tubes, pipes, and fittings Other and unclassified Minerals, miscellaneous

Infusorial earth Ores and metals Metals

Tin, including tinplate Other and unclassified Miscellaneous

1966 8
122 FINANCIAL REPORT AND STATISTICAL DATA

Fiscal year 196743

12

7

61 351

1 214

17 39 37

Asia to West Indies: Canned and refrigerated foods Canned foods, miscellaneous

Fish, refrigerated

Chemicals and petroleum chemicals, miscellaneous Coal and coke

Grains

19

10

10

Rice , Soybeans

Liamber and products

Pulpwood

Other and unclassified Machinery and equipment

Automobiles, trucks, accessories, and parts

Electrical machinery and apparatus

Other and unclassified Manufactures of iron and steel

138 118

20

49

10

1066

9

40

25

759

15

Plates, sheets, and coils Tubes, pipes, and fittings. Other and unclassified Minerals, miscellaneous

Sulfur Ores and metals

852

35

Metal, tin, including tinplate. Other agricultural commodities

Beans, edible Petroleum and products

Gasoline Miscellaneous Bncks and tile

34

21

1

26

20

20

120

5

97

196644

749

Table 24.—Important Commodity Shipments Over Principal Trade Routes

Pacific to Atlantic—Continued

[Thousands of long tons] Asia to East Coast South America—

Continued

Miscellaneous—Continued ^96S Copra 25

Creosote Porcelainware 3

Railroad materials

Textiles 7

All other and undlassified 52

Total 324

Asia, to Cristobal, C,Z.: Machinery and equipment 6

Electrical machinery and apparatus 4

Other and unclassified 2

Manufactures of iron and steel, miscellaneous 7 Other agricultural commodities

Rubber, raw

Miscellaneous 26

Textiles 4

All other and unclassified 22

Total

318

1 23

3

20

38

3

134

37

J^88

10

&76

61

8

43

1 37

1375 ^

20 N.A. N.A. 8 N.A. N.A. 32 N.A. N.A. 34 26 5

5

20

20

3

3

17

1777

196542

13

11649

369

224

3

2135

1 23

\38

5

_52

6

46

10

2

44

21

N.A. N.A.

N.A.

77
PANAMA CANAL COMPANY 123

Table 24.—Important Commodity Shipments Over Principal Trade Routes

Fish

Fruit Other and unclassified Refrigerated foods Fish Other and unclassified Chemicals and petroleum chemicals, miscellaneous Lumber and products Boards and planks

Plywood, veneers, composition board- Pulpwood

Other and unclassified Machinery and equipment

Automobiles, trucks, accessories, and parts

Electrical machinery and apparatus __ Motorcycles, bicycles, and parts Other and unclassified Manufactures of iron and steel Angles, shapes, and sections

Plates, sheets, and coils Tubes, pipes, and fittings Other and unclassified Miscellaneous

Bricks and tile Copra

Oil, coconut

Oil, whale

Fapei and paper products. Porcelainware

Resin Rubber, manufactured

Textiles

All other and unclassified- Total Asia to Africa:

Machinery and equipment, miscellaneous Manufactures of iron and steel, miscellaneous Miscellaneous

All other and unclassified Total

196840

Pacific to Atlantic—Continued

[Thousands of long tons] Asia to West Indies—Continued , Miscellaneous—Continued

Cement

Glass and glassware

Paper and paper products Porcelainware

Textiles

All other and unclassified Total Asia to Europe:

Canned and refrigerated foods Canned foods

5

145

879

786

2436

298

Fiscal year 196736

196620

1

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.10

N.A.

N.A.

N.A.

N.A. 103

N.A.

N.A.

N.A. N.A.71

1965
124 FINANCIAL REPORT AND STATISTICAL DATA

Table 25.—Water Supply and Usage

Fercent

Fiscal year of usage,

: '

. fiscal year

(Acre feet) Madden and Gatun Lake Water Supply: 1968 1967 1968 1967

Total runoff, Madden Lake Basin 1,957,047 2,564,991

Evaporation from Madden Lake 42,952 44,398

Available for Madden Lake uses 1,914,095 2,520,593

Total runoff, Gatun Lake (area below

Madden) 2,896,648 3,513,774

Subtotal 4,810,743 6,034,367

Evaporated from Gatun Lake 466,988 482,002

Available for Gatun Lake uses 4,343,755 5,552,365

Madden Lake Water Usage:

Madden hydroelectric power 1,612,534 1,786,088 79 72 Madden spillway discharge 416,736 702,480 21 28

Total, Madden Lake usage 2,029,270 2,488,568 100 100 Madden Lake volume 321,625 436,800

Gain or loss in storage -115,175 +32,025

Gatxhsi Lake Water Usage: Gatun hydroelectric power 1,640,702 1,878,742 36 35 Gatun and Pedro Miguel lockages 2,265,657 2,084,573 50 39

Municipal and other uses 77,479 73,990 2 1 Subtotal 3,983,838 4,037,305 88 75 Gatun spillway discharge 581,084 1,345,501 12 25

Total, Gatun Lake usage 4,564,922 5,382,806 100 100 Net annual runoff, Gatun Lake Basin 4,343,755 5,552,365 Gatun Lake volume 4,252,158 4,358,150

Gain or loss in storage -105,992 -137,535

Table 26.—Dredging Operations Fiscal Year 1968

[Cubic yards] Maintenance Dredging: Earth

Pacific entrance 482,650 Gatun Lake and Gaillard Cut 295,600

Harbors 475,650

Total maintenance dredging 1,253,900 211,450 1,465,350

Construction Dredging: Gatun Lake and Gaillard Cut 170,521 1,079,479 1,250,000

Total construction dredging 170,521 1,079,479 1,250,000

Auxiliary Dredging:

Rodman Naval Station 101,300 11,300 112,600

Diablo Spinning Club 1,360 1,360 Barro Colorado Island 1,200 1,200

Total auxiliary dredging 103,860 11,300 115,160

Grand total, fiscal year 1968 1,528,281 1,302,229 2,830,510

Grand total, fiscal year 1967 2,119,350 627,200 2,746,550

Rock
PANAMA CANAL COMPANY 125

Table 27.—Electric Power Generated

[Kilowatt hours]

Fiscal year Gross Power Generated: ^^^^ ^967 Gatun Hydro Station 100,840,500 116,370,400

Madden Hydro Station 189,773,400 204,666,200

Thermal Stations, Panama Canal 322,176,40 263,767,900

Total generated 612,790,300 584,804,500

Consumed for station service 7,730,708 7,467,107 Net generated output 605,059,592 577,337,393

Received from military diesel units 1,038,500

Received from Fuerza y Luz (net) 8,424,000 3,504,400 Total 614,522,092 580,841,793

Distributed to consumers 574,446,931 540,808,535

System Losses: Kilowatt hours 47,805,869 47,500,365

Percent 7.7 8.1 Peakload (kilowatts) 95,400 92,100 Date AprU 8,1968 March 6, 1967

System load factor (percent) 74.2 72.1

CANAL ZONE GOVERNMENT

Balboa Heights, C.Z. OFFICE OF THE GOVERNOR

The Honorable The Secretary of The Army,

Washington, D.C.

My Dear Mr. Secretary: It is my pleasure to submit the

annual report of the Canal Zone Government covering fiscal

year 1968.

Very respectfully.

^=)fUju^

W. p. Leber,

Governor.

127
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to
^introduction

The Canal Zone Government, under the direction of the Governor who

is ex officio the President of the Panama Canal Company, administers

those functions vital to the well being of any contemporary community.

Basic services such as hospitals and public health, education, police and fire protection, and special programs are part of Canal Government service

activities provided for residents and at no cost to the U.S. taxpayer. The

Canal Zone Government operates on vearlv appropriations from the Congress,

but returns to the U.S. Treasury all revenue collected for the various govern- mental services. The net balance of appropriation over revenue is reimbursed to the Treasurv bv the Panama Canal Companv.

129

Chapter I

GOVERNMENT ACTIVITIES

HEALTH

During fiscal year 1968 public health facilities continued to provide services

to all Panama Canal Companv/Covemment employees and their dependents,

military personnel, and other residents of the Canal Zone as well as authorized

residents of the Republic of Panama. Health services are offered by the various divisions of the Health Bureau which provide hospital and clinic service, preventive medicine, sanitation, and veterinarv' services.

Hospitals and Clinics The principal hospital and clinical facilities in the Canal Zone include: Gorgas Hospital on the Pacific side; Coco Solo Hospital on the Atlantic side; Palo Seco, a specialized limited hospital for the treatment of Hansen's disease located on the Pacific side, and Corozal, the Pacific side mental hospital.

There were 8,756 admissions to Gorgas Hospital during the year for a

daily average census of 245.6, with an average length of patient stay of 9.8

days. Gorgas outpatient clinics workload increased by 8 percent over the

previous year to 196,313 patients. The daily average census at Coco Solo Hospital increased from 87.5 in 1967 to 93.7 in 1968; the outpatient load

increased approximately 6 percent to 84,388 patients during the year. Both

Palo Seco and Corozal hospitals showed a planned decrease in occupied beds

in 1968 compared to the previous year. Average inpatient load at Corozal

decreased from 189.7 to 180.4 while Palo Seco had a total of 80 occupied

beds at year end compared to 88 previously.

The renovation of old buildings of Gorgas Hospital continued during the year and when completed will provide more modem facilities for all clinical and administrative services. A contract for renovation work at Coco Solo Hospital was awarded during the year.

Preventive Medicine

The preventive medicine program in the Canal Zone is designed to safeguard

the health of the community and thus helps to maintain the efficiency of Company Government employees. Important to this goal is the prevention

of the introduction of non-indigenous disease into the Canal Zone through

maritime and aircraft quarantine.

131
132 GOVERNMENT ACTIVITIES

With the exception of an outbreak of influenza type A 2 the Canal Zone was free of epidemic disease in 1968. No quarantinable disease was reported

for shipping although some 15,500 vessels involving more than one half million persons passed through the Canal Zone. High levels of immunization

continued to be promoted throughout the year with mumps vaccine being

introduced for the first time. The pre-school health roundup was held during the year for kindergarten

and first grade students in the U.S. and Latin American school systems. In

addition, active participation in the tuberculosis control program was accel- erated in 1968 with the arrival of a mobile chest X-rav unit. Medical, nurs- ing and industrial hygiene personnel were all involved in the activity with

medical personnel of Gorgas chest service interpreting the films, screening

suspicious cases, and referring those with conditions other than pulmonary

pathology.

Sanitation Canal Zone Government sanitation activities involve the surveillance of the

entire Canal Zone with concentration of activities on approximately 50 square

miles of sanitated areas encompassing 15 townsites. Malaria eradication continued in 1968 to be the major sanitation program

involving as it did over two thirds of Sanitation Division man hours. All drainage ditches were maintained within a 1 mile range of townsites, and

larva hunting and larvaciding were combined in order to hold the disease to a minimum. Complete eradication of malaria in the Canal Zone will not be

accomplished until it is first eliminated from the Republic of Panama. In 1968 there were three new Zone cases and one relapse compared to seven

cases and two relapses in the previous year. In addition to malaria control sanitation activities included surveillance for the yellow fever mosquito (negative in 1968), inspection of food estabfish- ments with the additional giving of English and Spanish training sessions to food handlers, the taking of water and milk samples, and extensive bat

proofing operations in the Gamboa area as well as review of the Atlantic side sand fly problem.

Veterinary Activities Veterinary activities primarily involve the inspection of food processing

and food production facilities in the Republic of Panama and the Canal Zone,

as well as inspection of the food items provided by Panamanian firms and

Zone processing imits to the Company/Government organization. The

number of Panamanian food sources approved for the sale of product in the Canal Zone increased during the year as it has in all recent past years. Food control formed the basic workload with anitemortem and postmortem

examinations and subsequent grading being performed on 5,722 steers. Of

these some 38 percent were rejected for failure to comply with grade, were diseased, were emaciated, or were excessively trimmed carcasses. In addition to beef some 205,000 pounds of other meat items were inspected
CANAL ZONE GOVERNMENT 133

and approximately 111,000 dozen eggs were admitted from approved

Panamanian firms. Inspections of approved food processing establishments in the Republic of Panama and the Canal Zone totaled 1,109 during the year and included fish and shrimp packing plants, abattoirs, butter printing units, ice cream and

cheese manufacturing establishments, beverage bottling plants, confectionaries, and various other facilities. As in previous years it was necessary during 1968 to remove certain Panamanian dairies from the list of approved

food sources when their raw milks were found to have been watered, to contain excessive bacteria, or when milking practices or sanitation levels

failed to conform to standards. Quarantine and small animal hospital facilities are also an important adjunct

to veterinary activities with quarantine and small animal shelters maintained

at Corozal on the Pacific side and at Mindi on the Atlantic side. EDUCATION

Public education in the Canal Zone includes the provision of schools, special

education facilities and a library-museum and its various field facilities. Their

function is to provide modem educational facilities to all eligible persons on

the Isthmus. Schools and Special Education

The Canal Zone school system is divided between the U.S. citizen schools and Latin American schools which parallel the instruction system of schools

in the United States or in the Republic of Panama. Both systems provide

public school level education from kindergarten through high school; the Canal Zone College offers to both groups higher education on a tuition basis. Total enrollment in the Canal Zone schools reached 15,167 students at all educational levels for a 1.5 percent increase over the prior year. The continued rise in the U.S. student population was partially offset by the decline,

long a trend, in non U.S. citizen students. The major increase in the U.S.

school population came in the 1st through 9th grades and was primarily due

to the increase in the Canal Zone military population. Approximately 60

percent of 1968's U.S. school population was military sponsored.

Intensive and well attended summer recreation programs were operated in both systems as were elementary and secondary summer school classes. Other education services included an observatory at Miraflores and adult evening and summer school classes at La Boca and Rainbow City administered

by the Canal Zone College. A program of special education is also offered

for children who are mentally handicapped, physically retarded and/or

speech defective. Library-M iiseum

The Canal Zone library-museum ser\es the Panama Canal organization as an official reference and technical resource library, the residents of the Canal

Zone as a general public library, and in three branches operates school community libraries, two in Latin American communities with Spanish language
134 GOVERNMENT ACTIVITIES

material predominating. In addition, there are four small circulating libraries in Canal Zone communities and three job site libraries. Library services are available to Company/Government employees, to the

military, and to the U.S. citizens and eligible Panamanians residing in Panama.

Extension services are also offered to Canal Zone schools and to patients at Gorgas Hospital. A small local history museum supplements the library's

Panama collection, a unique, special collection centered on the history of the Canal.

In fiscal 1968, the circulation index rose to 654,000 items circulated during

the year. The demand for reference work remained very high but was down

slightly from the previous year when the workload almost exceeded capacity.

POLICE AND FIRE PROTECTION

The Canal Zone police and fire departments under Canal Zone Government

jurisdiction provide services comparable to those provided by similar groups

in any metropolitan area of the United States.

Police Protection The Police Division provides a general police protection for the entire Canal

Zone, operates common jails, a penitentiary and a prison for women and

juveniles. The division is also responsible for examinations for motor vehicle operator permits.

The number of serious offenses (burglaries, larcenies, robberies, felonious

assault, etc.) reported to police decreased slightly from 1,818 in 1967 to 1,800

in 1968. The number of traffic accidents increased from 1,057 to 1,260 in 1968, or up 19 percent. A total of 7,969 persons were arrested (including

traffic arrests) during the year while offenses committed reached 8,300. Two

prisoners escaped from Gamboa penitentiary during the year with one being

returned to confinement and the other dead due to accidental drowning in Canal waters. The total penitentiary inmate population was 122 prisoners

at year end.

Fire Protection

The Canal organization Fire Department is responsible for fire protection

and firefighting functions in the Canal Zone, including structural firefighting

in Canal Zone military areas. During the vear Company/Government buildings, emplovee quarters,

industrial installations, and floating equipment were inspected and all fire equipment was appropriately maintained. The Fiie Division also continued

its program of training firefighters and fire officers from other countries; a total of 59 persons from Venezuela and Panama were trained in 1968. One very important function of the division is combating ship fires in the Canal area. A total of 14 such fires were dealt with in 1968 versus only 6 in 1967. The

importance of the division's activities in this area is not based on the danger

Co human life but also to the prevention of a major disaster which could conceivably close the Canal to commerce.
CANAL ZONE GOVERNMENT 135
136 GOVERNMENT ACTIVITIES

W"

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The outstanding performance by firefighting personnel as well as all others concerned

is clearly depicted in this photo of the tug "Arraijan" snugged up to the danger area.
CANAL ZONE GOVERNMENT 137

MISCELLANEOUS GOVERNMENT ACTIVITIES

A number of other activities are carried on under the auspices of the Canal

Zone Government such as: postal, licensing, civil defense, special services, and

probation. Though the functions are basically routine they must be carried out with skill and imagination if they are to be of true usefulness to the community.

Postal During the year the Canal Zone postal service operated 18 postal units with

9 in civilian locations and 9 on military reservations. The workload for the year increased a substantial 6 percent as military units increased their population thus increasing the number and weight of mail handled. In addition

to the regular load considerable assistance was rendered to the Republic of Panama in a joint effort to improve their mail system.

Increases in U.S. domestic postage rates caused comparable increases in Canal Zone rates with the changeover being smoothly handled. New stamps,

approved by the Governor, were printed by the Bureau of Engraving and

Printing, Washington, D.C., and were issued during the year. A new money

order form was also put into use during the year wich required some additional handling equipment and print punch equipment.

Licenses

The License Section issues vehicle, land and miscellaneous licenses, and

permits for the Canal Zone. This unit, like almost all other Government

organizations, had an increased workload during the year. The comparative

table below shows the licensing workload for 1967 and 1968:

Fiscal year 1968 1697 Vehicle Licenses 20,248 19,350

Registrations 26,251 25,029

Operator Licenses 13,824 13,470

Miscellaneous Licenses 3,566 3,737

Land Licenses in Force 749 746

Civil Defense, Special Services and Probation

Civil defense activities in the Canal Zone parallel efforts of the same type

by comparable units in the United States. During the year joint exercises with Canal Zone military units were performed in order to test operational

coordination of civil defense plans and military support plans.

The special service program was established to meet the recreational needs

of the residents of Canal Zone communities. The workload during the yeai- consisted of the processing of requests for assistance in recreation projects as well as the scheduling of projects and the budgeting of funds. The probation and parole officer function in the Canal Zone meets the

legal requirements, and also serves to fill additional investigative duties as directed bv the United States Attomev, the U.S. District Court for the District of the Canal Zone, and Canal Zone Magistrate's Courts. During fiscal 1968

there were 233 investigations conducted b\' the probation and parole unit as compared to 198 for the preceding year.

Ckapter II

FINANCIAL REPORT AND

STATISTICAL DATA

FINANCIAL STATEMENTS AND RELATED SUPPLEMENTARY

REPORTS FOR THE YEAR ENDED JUNE 30, 1968

The financial statements of the Canal Zone Government appearing as tables

1 through 4, with the accompanying notes, present the financial position of the agencv at June 30, 1968, and the financial results of its operations for the

fiscal year then ended.

All statements have been examined by the General Auditor of the Panama

Canal Company and are subject to audit by the General Accounting Office. Detailed audit reports of the General Accoimting Office are directed to the Congress and are presented as congressional documents.

Activities of the agency are initially financed by congressional appropriations.

Operating appropriations are available for obligations only in the year for which the appropriations are made. Capital appropriations are available

until expended. The agency's operating accounts are kept on an accrued

cost basis, including depreciation of fixed assets, in accordance with generally

accepted accounting principles, while the status of appropriated funds is determined on an obligations incurred basis. The agency's revenues are derived from charges to individuals and other Government agencies using its services. All revenues thvis received are remitted to the U.S. Treasury as miscellaneous receipts. The excess of total accrued costs, including depreciation, over revenues (net cost of Canal Zone

Government) is payable to the U.S. Treasury by, and treated as an expense

of, the Panama Canal Company in accordance with the requirements of

section 62 of title 2 of the Canal Zone Code. All operating and capital fimds

expended by the Canal Zone Government are thus eventually returned to the

U.S. Treasury, with no cost to the U.S. taxpayer.

The agency also operates a postal savings and money order system. Funds

on deposit in the postal savings account are invested in U.S. Government

securities at rates of interest to cover the 2 percent interest paid to depositors

and expenses of the service.

139
140 FINANCIAL REPORT AND STATISTICAL DATA

Table 1.—Comparative Statement of Financial

Assets 1968 1967 Current Assets: Fund balances with U.S. Treasury and cash: Fund balances in U.S. Treasury checking account $10,317,559 $12,920,783

Cash on hand and in transit 267,200 210,805

10,584,759 13,131,588

U.S. Treasury bonds and notes, at cost 1,800,000 2,200,000

Accounts receivable: U.S. Government agencies 861,802 667,412

RepubHc of Panama 1,682,456 1,439,054

Accrued interest receivable on postal fund

investments 6,875 9,792 Other 505,393 490,229

3,056,526 2,606,487

Inventory of hospital supplies 298,164 334,828

Other current assets 3,794 ^.013

Total current assets 15,743,243 18,274,916

Sums I>ue from Future Appropriations 6,704,264 5,943,348

Fixed Assets ( table 4 )

Cost 81,281,886 78,400,986

Less depreciation and valuation allowances 27,591,834 25,818,481

53,690,052 52,582,505

$76,137,559 $76,800,769

Invested Capital Invested capital consists of fixed assets and inventories of materials and

supplies less allowances for depreciation and obsolescence of fixed assets. Certain fixed assets amounting to $279,000, which represents defense

expenditures by the Department of Defense and excess facilities transferred

to the Canal Zone Government, have been eliminated from these statements. Table 2 shows the status of this fund and appropriated funds at the beginning and end of the year, and summarizes the changes which occurred

during the year. Capital Expenditures

Capital expenditures for the year amounted to $3.2 million. Of that
CANAL ZONE GOVERNMENT 141

Condition June 30, 1968 and 1967

Liabilities and Equity 1968 1967 CuRHENT Liabilities: Accounts payable: Ehie U.S. Treasury $3,365,152 $3,411,257 Panama Canal Company and other U.S. Govern- ment agencies 595,674 3,280,211

3,960,826 6,691,468

Postal money orders payable 764,139 747,374

Less advance deposits with U.S. Post Office Depart- ment 288,895 162,544

475,244 584,830

Postal savings certificates 1,413,683 1,847,482

Accrued liabilities: Salaries and wages 938 462,816

Employees' leave 3,396,464 2,924,348

Employees' repatriation 285,800 255,000

Relief payments to former employees 111,000 118,000

Other 7,894 5,585

3,802,096 3,765,749 Other current liabilities 138,729 75,742

Total current liabilities 9,790,578 12,965,271

Long-Term Liabilities: Employees' repatriation 2,165,000 2,075,000

Relief payments to former employees 746,000 571,000

2.911,000 2,646,000

Equity of U.S. Government (table 2):

Operating funds 265,849 360,950

Capital funds 9,181,916 7,911,215

Invested capital 53,988,216 52,917,333

63,435,981 61,189,498

$76,137,559 $76,800,769 Note—The Canal Zone Government has outstanding $3.4 million under uncompleted construction

contracts and unfilled purchase orders. In addition, the Canal Zone Government is liable for an

indeterminable amount with respect to death and disability payments under the Federal Employees'

Compensation Act. The maximum liability which could result from outstanding claims and lawsuits

is estimated to be $476 thousand.

amount $1.2 million was expended for additions and improvements to educational facilities and $0.6 million was expended for alterations and additions

to Gorgas hospital. Capital expenditures for the preceeding fiscal year amounted to $4.6 million. Financial Results The net cost of operating Canal Zone Government amounted to $22.5

million for the fiscal year ended June 30, 1968, as compared to $21.7 million

for the preceding fiscal year. The net costs of Canal Zone Government are absorbed as expense of the Panama Canal Company, which in turn reimburses

the U.S. Treasury for this amount. Further details are set out in table 3 of the accompanying statements.
142 FINANCIAL REPORT AND STATISTICAL DATA

Table 2.—Statement of Changes in Equity of the U.S. Government,

Fiscal Year Ended June 30, 1968

Operating Capital Invested EQirrry at JutT 1, 1967: Total funds funds capital Unobligated funds. _ $6,875,415 $6,875,415

Obligated funds.. 1,396,750 $360,950 1,035,800

Invested capital: Fixed assets, net 52,582,505 $52,582,505

Inventories 334,828 334,828

61,189,498 360,950 7,911,215 52,917,333 Increases in EQurry:

Appropriations by the Congress 40,500,000 36,000,000 4,500,000 Decreases in Eqittt: Net cost of Canal Zone Government (table 3 )

Accrued operating expenses 35,693,506 35,693,506

Depreciation 1,900,956 1,900,956

Plant adjustments, net 196,819 196,819

Increase in liabilities for: Employees' accrued leave. 472,116 472,116

Employees' repatriation 120,800 120,800 38,384,197 35,693,506 2,690,691

: recovery of costs 15,847,250 15,847,250 22,536,947 19,846,256 2,690,691 Other decreases: Recovery of costs coverable into U.S. Treasury: From regular operations... 15.847.250 15.847,250 From disposition of fixed assets 23,977 23,977

Unobligated operating funds withdrawn by U.P. Treasury, net of restorations amounting to $22,521 438,259 438,259

Less increase in liabilities for employees' accrued

leave and repatriation, not coverable into U.S. Treasury until funds have been appropriated

therefor 592 ,9 16

16,309,486 16,285,509 23,977

15,716,570 16,285,509 38,253,517 36,131.765 Transfers Between Funds:

Capital expenditures (3,165,576) Removal costs of plant retirements.. (63,723) Decrease in inventories 36,664

36,664 (3,229,299)

Total increase or (decrease) 2,246.483 (95.101) 1,270.701 EquiTy AT June 30, 1968: Unobligated funds.... 6,080,943 111 6,080,832

Obligated funds 3,366,822 265,738 3,101,084

Invested capital: Fixed assets, net 53,690,052

Inventories 298,164 Total . $63,435,981 $265,849 $9,181,916

592,916
CANAL ZONE GOVERNMENT 143

Table 3.—Statement of Operations, Fiscal Year Ended June 30, 1968
144 FINANCTAL REPORT AND STATISTICAL DATA

Table 4.-Comparative Statement of Fixed Assets, June 30, 1968 and 1967 1

Cost Permanent Townsites- $7 ,896 ,493

Roads, Streets, Sidewalks, Street Lighting, Sewer System and Public Areas and Facilities: Hoads, streets and sidewalks.-. 13 ,950,377 Sewer system 6,502 ,899 Public areas and facilities 562,164

Street lighting system 1 ,327,642

Fire hydrant system 232,420

22,575,502

1967

Supporting and General Facilitibs: Health bureau 15,370,608

Schools division 25 ,9 16, 818

General offices and other buildings. 2 ,932 ,036

Police division 834 ,025

Postal service......... - 490,088 Customs and immigration 251 ,659

Fire division 898 ,250

Magistrates' courts "2 ,540

Miscellaneous equipment ^^^

Experimental gardens 37,494

License section 3 ,274

Civil affairs director 160,629

Library section 26,078

46,994,347 Plant Additions in Progress. 1 ,610,539 Plant Retirements in Progress 95 ,867

Facilities Held roa Future Use 2 ,109 ,138 Total $81,281,886

Depreciation and

valuation allowances $3 ,647 ,094

8,125,587

2 ,500 ,973 88,595 613,660

127 ,604

Cost $7,715,252

13,621,900 6,403,648

487,182

1 ,200 ,099 229,323

Depreciation and

valuation allowances $3 ,497 ,765

7 ,833 ,309 2,361,262

76,854

577 ,812 121,756

11,456,419 21,942,152 10,970,993

4,091,694

4,881,368

1,522,409 325,257

72,211 214,690 400,262

36,921 848

13,778 2,004

34 ,380 4.865

15,135,833 25,488,721

2 ,873 ,497 874,013 457 ,697 226,273

801 ,094 72,540

848

37 ,494 3,274

132,102 20,676

3 ,793 ,932 4,236,309

1 ,473 ,801 350,546

59 ,009 214,322

386,414

34 ,977 848

12 ,809 1,774 30 ,285 3,584

11,600.687 46,124,062 10,598,610 528,625

91 ,867

795 ,767 2 ,090 ,895 751,113

$27,591,834 $78,400,986 $25,818,481
Cnapter III

STATISTICAL TABLES

Table 5.—Hospital Occupancy

Fiscal year Number of Adult Patients Admitted: ^968 J 967 Gorgas Hospital 8,756 8,004

Coco Solo Hospital 3,144 2,843 Corozal Neuropsychiatric and Domiciliary Hospital 256 308

Average Length of Adult Patient Stay:

Gorgas Hospital (patient days) 9.8 11.1 Coco Solo Hospital (patient days) 11.8 11.6 Corozal Neuropsychiatric and Domiciliary Hospital

(patient days) 52.6 35.0 Adult Patient Days:

Gorgas Hospital 34,296 86,570

Coco Solo Hospital 34,296 31,943

Corozal Neuropsychiatric and Domiciliary Hospital 66,020 69,227

Palo Seco Hospital 30,697 32,494

Percent of Occupied Beds

Panama Canal Company/Canal Zone Government Employees

and Dependents:

Gorgas Hospital 31.9 32.3 Coco Solo Hospital 53.6 49.5 Corozal Neuropsychiatric and Domiciliary Hospital 10.6 10.1 Employees and Dependents of Other

U.S. Government Agencies:

Gorgas Hospital 42.1 43.4 Coco Solo Hospital 24.5 25.9 Corozal Neuropsychiatric and Domiciliary Hospital 14.7 12.5 Private Pay:

Gorgas Hospital 7.8 5.9 Coco Solo Hospital 5.7 2.9 Corozal Neuropsychiatric and Domiciliary Hospital 1.7 .9 All Others:

Gorgas Hospital 18.2 18.4 Coco Solo Hospital 16.2 21.7 Corozal Neuropsychiatric and Domiciliary Hospital 73.0 76.5 Note.—Above figures exclude newborn.

145
146 STATISCAL TABLES

Table 6.—School Enrollment

October 1967

U.S. Schools: Enrollment %

Kindergarten 1,014 + 2.5 Grades 1-6 5,826 + 6.7 Grades 7-9 2,380 +10.5

Grades 10-12 1,797 +3.3

Grades 13-15 1,272 -12.6

Special Education 121 +17.5

Total 12,410 + 4.3

Latin American Schools: Kindergarten 112 -29.1 Grades 1-6 1,086 -10.8

Grades 7-9 661 -11.4

Grades 10-12 770 -2.6

Special Education 128 +4.0

Total 2,757 - 9.2 Grand total all schools 15,167 +1.5

October 1966
CANAL ZONE GOVERNMENT 147

Table 9.—Postal Service Statistics

Fiscal year Registered, certified and insured articles handled: 1968 1967 Number sent 117,452 109,302

Number received 137,272 132,401

Dispatches of surface mail handled: Number sent 2,537 2,479

Number received 3,608 3,771

Dispatches of airmail handled: Number sent 19,419 20,812

Number received 46,505 42,711

Table 10.—Customs Activities

Fiscal year 1968 1967

Vessels entered from sea 16,034 14,680

Passengers disembarked, vessels 8,566 8,722

Passengers disembarked, aircraft 36,695 35,081

U.S. seamen discharged or signed on 1,820 1,303 Other seamen discharged or signed on 6,480 6,317

Number of detention days, Immigration Station 5,839 5,977

Contraband irregularities investigated 360 207

Area of the Canal Zone

Square Miles Land area of the Canal Zone 372.32 Water area of the Canal Zone 274.97"

Total area 647.29

Land areas Air Force Reservations and Licenses. 54.65 Army Reservations and Licenses ^^^'^^ Federal Aviation Agency

Naval Reservations and Licenses Canal Zone townsites and areas outside of townsites in active use_-

Miscellaneous assigned land areas: Barro Colorado Island Madden Forest Preserve - Agricultural leases and garden plots

Swamps

Remaining usable land

Total land area of the Canal Zone

•Includes tidewaters within the 3-mile limits.

0.96 21.80






UNIVERSITY OF FLORIDA

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