Iowa Central R'y Co.-From Manly Junction, Iowa. to Mason City, Iowa, 9.10
miles, from July 1. 1890, to December 31, 1890.
Leavenworth & St. Joseph R. R.-From Bee Creek, Mo., to Beverly, Mo., 23
miles, from Feburary 1, 1891, to June 30, 1891.

Total rents-A.

B.

RENTS PAID FOR LEASE OF OTHER PROPERTY.

June 30, 1890.

Total.

Item

Total.

Increase.

Year ending June 30, 1891.

Decrease.

57,000.00

Stocks of other companies owned-page 37.

94,300.00

37,300.00

941,050.00

Chicago. St. Paul & Kansas City bonds owned by the company-page 39..

5.294,000.00

5,294,000.00

Funded interest on first mortgage bonds.

1,882,100.00

941,050.00

442,264.25

Funded interest on general mortgage bonds 21⁄2 years interest.

438.365.22

$3,899.03

Accrued interest on funded debt not yet payable, due Sept. 1st, 1891.

Grand total..

June 30, 1891.

Year ending June 30, 1891.

Item.

Total.

Increase.

Decrease.

$54,776,521.43

$8,359,265,34

(Page 53.)

IMPORTANT CHANGES DURING THE YEAR-STATE OF

MINNESOTA.

Here present statements as follows: 1. All extensions of road put in operation. 2. Decrease in mileage by line abandoned or line straightened. 3. All important physical changes (other than those above referred to). 4. All leases taken or surrendered. 5. All consolidations or reorganizations effected. 6. All new stocks issued. 7. All new bonds issued. 8. All important financial changes (other than those above referred to.)

1. None.

2. None.

3 Extensive ballasting, grading, widening banks and cuts.

4. None.

5. None.

6. None.

7. There have been issued during year, but remaining unsold and held by the company, first mortgage 5 per cent. bonds Chicago, St. Paul & Kansas City R'y on additional cost of terminals in cities...

General mortgage 4 per cent. bonds reported as outstanding in last annual report...

Reduced during the year and bonds returned to Co...

This reduction was on account of the non-exchange of $24,000.00 three year notes, for which these bonds were issued on basis explained in last year's report.

OUTSTANDING JUNE 30, 1891.

$80,000.00

$1,829,000.00 43,000.00

$4,786,000.00

And there have been issued during the year, but unsold and held by company, (page 39,)...

$5,214,000.00

Making total general mortgage bonds issued to June 30, 1891....

$10.000,000.00

Five per cent. sterling priority loan certificates issued at date of last report....

$941,050.00

Issued during year to fund coupons maturing on first mortgage bonds....

Total issued to June 30, 1891......

8. Collateral notes outstanding at date of last report... Reduced by payment during year.

941,050.00

$1,882,100.00

$140,000.00

10,129.93

Balance, page 19..

Of which was paid in July, 1891.

$399,870.07

159,870.07

$240,000.00

per cent.
Three year notes outstanding at date of last report......

And balance has been extended to January 1, 1892, at 8

which have been extended to September 1. 1891, at 8 per cent.

ADDITIONAL INFORMATION.

Stock of interstate investment trust limited, (page 37,) amounting to $873,000.00, par value, has been purchased during the year, on which has been paid an assessment of 10 per cent., or $87,300.00.

(Page 55.) CONTRACTS,

AGREEMENTS, ETC., AFFECTING BUSINESS
WITHIN STATE OF MINNESOTA.

Here give a concise statement of all existing Contracts, Agreements, Arrangements, etc., with other companies or persons, concerning the transportation of freight or passengers. Give the statement in the following order, viz: 1. Express companies. 2. Mails. 3. Sleeping, parlor or dining car companies. 4. Freight or transportation companies or lines. 5. Other railroad companies. 6. Steamboat or steamship companies. 7. Telegraph companies. 8. Other contracts.

1. The United States Express Company receives and delivers goods at express cars and pays a fixed annual sum per mile of road for the use of the railway company's express cars and the hauling of same in passenger trains, but the annual sum paid shall in no case be less than 4 per cent. of the gross earnings of the express company on the line of the Chicago, St. Paul & Kansas City R'y Co.

2. The United States government pays on basis of amount and character of service.

3. This company operates and owns its dining cars. The Mann Boudoir Sleeping Car Company, operated by the Pullman Company, furnishes the necessary number of sleeping cars, and are paid on basis of mileage run by cars. The Sleeping Car Company receives the revenue derived from sale of berths, and pay extra attendants in charge of cars.

4. Through billing arrangements with all connecting lines dividing revenue on various fixed percentages.

5. With Great Northern Railway and Minneapolis Union Railway: For trackage of the passenger trains of this company over their tracks between St. Paul and Minneapolis, Minn., including use of passenger depot at Minneapolis, for which this company pays a fixed annual sum.

With Chicago, Milwaukee & St. Paul Railway: For use of right of way from Lyle, Minn., to Iowa state line, for which this company pays $50.00 per annum.

With Minnesota Transfer Railway: For use of yards and tracks at Minnesota Transfer, Minn., for which this company pays five per cent. interest per annum on bonds of the Minnesota Transfer Railway.

With St. Paul & Northern Pacific Railroad: For use of yards and tracks in East Minneapolis, and trackage between St. Paul, Minn., and East Minneapolis, Minn., for which this company pays its proportion of 6 per cent. per annum on the cost of the property.

6. None.

7. The Postal Telegraph Cable Company operates the telegraph lines, and by contract furnishes the necessary wires and facilities to the railway company for the transaction of its business on the lines of the road. Operators at railway stations are paid by the railway company and perform service for the telegraph company. Operators at city or outside offices are paid by the telegraph company. Material for maintenance is supplied by telegraph company, and labor for maintenance is furnished by railway company. The telegraph company receives the revenue derived from commercial business.

8. With Railway Equipment Company of Minnesota: For equipment leased by the railway company, on which it agrees to pay 5 per cent. of its cost on the first day of each June, for nine consecutive years, commencing June 1, 1892, and the balance on the first day of June, 1901, and agrees to pay as rental, in monthly payments, 7 per cent. per annum from June 1, 1891, on the unpaid cost. All these sums are represented by lease warrants, and when all are paid, the equipment becomes the property of the railway company.