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Working Expenses
Nett Earnings.
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.Y 10
(1). Based on Gross Earnings.
I ÎN Jnsonīgå ginto” besogo14 no mubeen10.9.
noitee2 leisinä
*A*.
*B*.
Capital.
Gross Earnings.
$100,000
$200,000
$10,000
$20,000
7,000
7,000
$ 3,000
£13,000
Percentage on Capital outlay
3%
66%
(2). Based on Nett Earnings.
*A*.
*B*.
Capital.
.8100,000
$200,000
Nett Earnings to produce say 3%.
$3,000
$6,000
Add Working Expenses...
7,000
7,000
Gross Earnings.
..210,000
$13,000
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Ji .* .010,018 pluous suintes C:014 *#'A" #3019)(* ,eonil poo noi ciara VAR ROZTV. TS unilkur edd did beweEES Jonitor wilung dđen 000, X SAL ***,0:0,1% wa eu sef
* 8* 101 mat reg & br; **
43 189 30 to 000,5 *;*@*
+ uno ai o beluluar ei *8* eğim nog edan Ivoirenosnt s;7 mwl. 000,0& -:.sie,oşkirino „den "a'A' outrd sombong Iliw TONÇİN YAŞ47 100 yine To .000,5IX To quing to enoty, nзsa Blvo* "A"Dead BLS.
.(D)
-:anot
of 10:
.. The fares should be calculated on the basis
13 *A* as compared with "B".
3.
4.
It is therefore clear that the respective Capital Costs (or better, Capital Costs per mile) should bear a relation to the nett earnings and not to the gross earnings.
Capital Costs per mile. To arrive at compara- -tive costs per mile allowances must be made for those charges that do not form part of the railway proper and the cost of double line laid, or partly laid, must also be taken into con-
-sideration.
Taking the Chinese Section first: the cost per
mile may be calculated as follows:-
Probable Capital Expenditube. Deduct for sidings &c., say.
Length of single line
$15,500,000.
370,000.
$15,130,000
89 miles.