Hourly wage rates on Puerto Rico sugarcane farms and on all farms in the Southern States, Apr. 1, 1943, and Apr. 1, 1933-Continued

On pages 529 and 532 reference was made in the testimony of Mr. Antonio Roig to the following letter, dated June 1, 1943, from the Puerto Rico Land Authority to Mr. Roig:

Mr. ANTONIO A. ROIG,

Humacao, P. R.

LAND AUTHORITY OF PUERTO RICO,
Santurce, P. R., June 1, 1943.

MY DEAR SIR: We received your letter of May 27, 1943, in which you state that we should pay you $21,278.10 for the farm denominated "Comuna," including the houses thereon.

In your letter of November 16, 1942, you offered to sell us the properties denominated "Fermina" and "Comuna," including the houses on said farms for the amount of $36,125. As we have purchased the farm "Fermina" for the sum of $15,840, it would be reasonable to suppose that, if you have not changed your mind, you would be willing to sell the "Comuna" for the difference, which is $20,285. You nevertheless now ask $21,278.10 for said property.

It is evident that we will not be able to reach an agreement and therefore we are going to turn this matter over to our legal division so that they would procede to expropriate the farm Comuna for the amount of $12,119, which is the just and reasonable value that our appraisers have given to the farm, and not for the amount of $16,000, which we recently offered in order to avoid the delays and inconveniences of a judicial procedure.

Very truly yours,

The following table on the comparison of revenues and expenditures of the telegraph system of Puerto Rico, referred to on page 569, was supplied by Mr. Benjamin Ortiz:

[Translation]

Comparison of revenues and expenditures of the telegraph system, fiscal years 1936-37 to 1940-41

Total revenues (estimated) 273, 497. 80 256, 024. 57 223, 670. 98 276, 807.87 314, 869. 09 1,

344, 870. 32 268, 974, 07

Total expenses (actual).
Estimated profits.
Loss, actual

187, 788. 69 217, 469. 74 220, 941. 67 223, 323.22 210, 624. 18 1, 060, 147. 50 215, 613. 16

On page 578 reference was made to the following list of independent bus owners operating between San Juan, Santurce, and Río Piedras, supplied by Mr. Ortiz at the end of the hearings:

Information about busses of independent carriers with permits to move passengers on routes served by the transportation authority

Information about busses of independent carriers with permits to move passengers on routes served by the transportation authority-Continued

Information about busses of independent carriers with permits to move passengers on routes served by the transportation authority—Continued

Reference was made in the testimony of Mr. Ortiz on page 583 to data on the percentage of land in Puerto Rico owned by several large companies. Information on the percentage owned by the sugarcane industry may be found on page 32 of "The Puerto Rican Economy During the War Year 1942," reference to which appears above as Exhibit No. 35, most of which was deleted.

EXHIBIT NO. 57

On page 586 reference was made by Mr. Ortiz to the following copy of Notice of Deficiency and figures on net income and net loss of the White Star Bus Line, Inc., for the taxable years ended December 31, 1935, 1936, 1937, 1938, and 1939:

The CHAIRMAN, THE BELL COMMITTEE,

DEPARTMENT OF FINANCE,
San Juan, P. R., June 16, 1943.

Santurce, P. R..

SIR: As per your request to the treasurer of Puerto Rico, I beg to enclose herewith a copy of the notice of deficiency and exhibit showing how net income or net loss has been arrived at in the case of White Star Bus Line, Inc., for the taxable years ended December 31, 1935, 1936, 1937, 1938, and 1939.

For the years 1937 and 1938 no deficiency was computed due to the fact that a loss of $66,249.50 was determined for 1937, which amount was applied against the net income of 1938 amounting to $33,384.97, as per exhibits included.

Yours respectfully,

RAFAEL BUSCAGLIA,
Treasurer of Puerto Rico.

WHITE STAR BUS LINE, INC., YEAR 1935

Statement of income and expenses for the taxable year ended on Dec. 31, 1935, as per

Gentlemen: Pursuant to the provisions of section 57 of the Income Tax Act No. 74, approved August 6, 1925, as amended, you are hereby notified that in your return of annual net income for the taxable year ended December 31, 1935, the net income has been determined and the amount of tax computed in accordance with the investigation made by inspectors of this department, in the following manner:

1. Gross income.......

2. General deductions (see detail attached).

3. Net income..

$97, 240. 40