26. Fares and Rates. There was no revision of fares and goods rates in general during the year.
27. Accidents. The following railway accidents occurred during the period under review.
Trespassers injured by trains
Trespassers killed by trains
Passengers injured by trains
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Staff injured while in execution of duties Derailment of empty passenger stock... Derailment of a Chinese Section loaded wagon Derailment of a passenger train
ACCOUNTS
9
10
11
3
1
1
1
**
•
28. The Gross Operating Profit for the year was $6,234,386 represent- ing an increase of 2.41% as compared with the figure of $6,087,588 in the previous year. The Gross Operating Receipts from Goods Traffic increased by 15.79% from $7,038,352 to $8,149,529 and Passenger Traffic Receipts decreased by 2.20% from $7,455,399 to $7,291,103. The Nett Profit transferred to the Appropriation Account amounted to $3,618,173, a decrease of $54,935 (1.49%) over the previous year.
29. During the year, a new diesel electric locomotive was acquired at a capital cost of $1,308,424.86. Other major increases in Fixed Assets included $389,676.64 for the construction of an additional loop line at Lo Wu and $116,473.50 for the construction of new waiting shelters at Tai Po Kau and Tai Po Market Stations.
30. The asset 'Land and Formation' stands in the Balance Sheet at a book value of $8,228,391 only, a figure which is considerably below the current market value of the land held under private treaty grant for railway use. No charge for the use of land is borne by the Railway Accounts.
31. The Accounts and supporting data are published in Appendices I to V to this report.
MECHANICAL WORKSHOPS
32. All locomotives, rolling stock, electrical and mechanical equip- ment, machinery and plant were maintained to a good standard during the year. A new 1950/1800 H.P. diesel-electric locomotive No. 59 was put in service to cope with the increased volume of traffic.
6