MINEBK01067

• County: Ouray
• Document: Manager
• Suffix: A

ariation.
value of
,possible,
niformity
he profits
minimise
areholders
tressed on
y profits of
to be able
be entirely
~n extremely
ass of those
the pleasure
the property.
and efficient
Beatty, your
assistants, in
petty.
beral treatment
nine, The Hon.
ether differences
HAMNIOND.
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OURAY, COLORADO, iI•S •P`',
i
Both A~iril, 1903. ~t,"~
':
JOHN HAYS HAMMOND, Es~L,
`n'
Coaasarlting Eva~ineer, ('1~°
CAMP BIRD LIMITED,
71, BROADWAY, Il
[QEW YORE CITY, N.Y.
DEAR SIR, eraeions of the Company
I hand you herewith a report of the °and which began with the
for the fiscal period ended 3oth April, 1903,
acquisition of the property, 12th May, 1903• The present incumbency
dates from ''-sth August.
During this fiscal period the earnings were v`",'I,976,z89•68'
the operating expenses 5662,684.15, and the net earnings from
operation S;iI,313,60483, The Percentage of operating expense to
earnings is 33'53 PeT cent., thus leaving the gratifying profit of
66'47 per cent. To the net earnings have been added X8,443 In
miscellaneous revenue, thus malting the net earnings y~°1,3'-2,047.83'
there have been deducted ~i13,997.99 for taxes, and
from which oth September, Igoe, leaving
4,i15,o4z for adjustment of inventory at 3
the profit at the mines and millsasexouuw 11 observe by the Sti tenent
ment) ~i1,293~ooy•4'-, which sum, Y
of Income herewith submitted, is fully accounted for• 16 made in
It will he observed that the allowance of `i36,I14• '
the settlement for materials and supplies purchased fromf Mr. Thos. F.
„8.~~ does not enter into the Statement of Income
Walsh for X72•-- "'
for the reason that it has no bearing on the cost of operation.
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