Note 9 — Chapter XXXII · Improved Means of Communication
Reading edition
The Philippine Railway Company has recently changed its accounting from the basis of the Government fiscal year (beginning July 1) to a calendar year basis. Figures are not therefore available for a complete twelve months subsequent to June 30, 1912. The figure for the first year on the new basis (ending December 31, 1912, and duplicating part of the last amount given above) is $376,512.