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TABLE OF CONTENTS
Reimbursement of deficits during Federal control..
Six months' guaranty after termination of Federal control..
Signals and train-control devices ---
Scope of jurisdiction over electric railways..
Bureau of -
Cooperative tests with Department of Agriculture-
interstate commerce act--
G. Statistical compilations covering installations of train-stop or train-
control devices made by the carriers under the orders of June 13,
1922, and January 14, 1924, Docket No. 13413, and additional in-
stallations made voluntarily by certain carriers----
REPORT OF THE
WASHINGTON, D. C., December 1, 1928. To the Senate and House of Representatives:
The Interstate Commerce Commission has the honor to submit herewith its forty-second annual report to the Congress. The period covered by this report extends from November 1, 1927, to October 31, 1928, except as otherwiss uoted.
A statement of appropriations and aggregate expenditures for the fiscal year ended June 30, 1928, is embodied in this report. The names and compensation of persons employed are transmitted separately but not printed.
BUREAU OF ACCOUNTS
The volume of work involved in the determination of- excess income of steam railroads subject to recapture by the Government under the provisions of section 15a of the interstate commerce act has made it necessary for this bureau to devote substantially all of the time of its field force to accounting examinations under that section. By improvements in the methods of conducting field examinations and through enhanced efficiency of the field force we have been able to increase output, so that substantial progress has been made in bringing this work more nearly to a current basis. During the year we have made 813 examinations under section 15a of the interstate commerce act and 12 under section 204 of the transportation act, 1920, as well as 40 special examinations necessary in our other accounting work.
The investigation of refrigeration charges on fruits, vegetables, berries, and melons from the South, which was referred to in our last report, and which is nearing completion, has been followed by a similar investigation of the refrigeration charges on like commodities from the West. These investigations involve detailed accounting inquiries into the cost of the service. A number of the accountants of the bureau have been assigned to this work.
As stated in our last report, in response to petitions from the carriers, shippers' organizations, and commercial bodies, further consideration is being given the subject of depreciation accounting