Notes on the Balance Sheet
Capital expenditure does not include the cost of the new railway terminus at Hung Hom and the value of the land on which it stands, and no provision has been made for compensation to the Railway for surrendering the land and buildings in Tsim Sha Tsui, pending agreement on the financial aspects of the removal of the Kowloon Terminus from Tsim Sha Tsui to Hung Hom with Government.
Under the item "bridges" the nett book value of $27,447 has been written off due to the subsidence of bridge No. 11 at Shing Mun River in August offset by capital expenditure of $1,282,220 on associated emergency work for the bridge.