000,00%&
553
..8170,000.
,animali neoro no bea:8 .(I)
Istioso
r. Lindsey's peech at pening of
-C.Railway.
Average cost per mile approximately.
The British Section's cost on these lines would work out
as follows:-
Total cost of Railway.
Less:-
Reclamation....
$12,000,000
..$600,000
000,048
000.1
000,1
C00,5IX
3
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Appinion djed
voluun fatiq 0 me sannsogel
beyninni soal no board .(8)
000,000%
030,00IX.
Lasty20
Conveny od sutmod adek
000,08
000,
000,58
0:0.1
esanggrā „mixчof DDA
000,8XX
00.03.
maioral seon0
his amount is leducted as it
s probably that further expend- iture over and bove the $15,5 10,000 will be ncurred by the hinese Section in the cons-
truction of a harf and other orks at Canton.
Deep sea berth at Blackhead's... 500,000
Interest and home charges on
above say.
140,000
Allowance for double track &c.81,625,000
Miscellaneous.
Length of line.
Average cost per mile say.
15,000
2,980,000.
$9,020,000
.20 miles.
..$440,000.
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the working
xpenses of the hinese Section
re estimated at 0% of the gross
mings. This ercentage may be onsidered to be fair basis to ork on for the
ext few years.
Ratio of cost per mile British to Chinese Section is 44:
17.
5.
Now, assume that in order to pay a reason-
-able rate of interest on the Capital outlay, it is
necessary that the nett earnings of the Chinese Section be 84,200 per mile per annum. Then on the basis of the ratio given above the nett earnings of British Section should be $10,871 (by $4,200) per mile per annum. Addi to both these figures, say X9,800 for working expenses and
the theoretical gross earnings of the sections are:-
Chinese Section £14,000 per mile per annum.
British Section $20,671
or a ratio of, say, 140:207.
do.
The comparative statements of earnings for through traffic on Capital expenditure would be as follows:
000,061,01%
.eslin. 28
snil si nie to lidzoud