(b) the absence of any nd enthe the Pf. S. beget
nat
chas iden
1
nicht which
reasonally whether the live at pag
and
580
estrinate not working expenses istared in
啰
the probable rescane. If it means what
Jan-ling are not appear on the
тар
Co
it says it means that 17. Lindsey has
about one mile
hist but it is a small place on the railway
SSE 4S
which que will find marked in that.
in the despatch)
1 Sheung Shui 'moo
The cat of the line is but at
(1) Cost of indering road
18950
Br Materials cupstadt
main lino
Z
40.955
44027
603952
(3) Cash expenditure.
Total
But M. Lending's utimate which includes
57%
to contingencies comes to $106,440 a sethout contingencies $101.417
There
appers
the
dicupancy hes
in para 71
the
念
cos
$105,490.
which is accentiated
desp where So I hugard makes capital
a7f the dept is not sary to understand
Para 7
1
I do not follow the remark that the
stimated working expenses at such a
to show an estimated profit.
tigme
서
18. has deliberately put working expenses at a lower figme than the estimated rerenne But & conese doth can't mean this- Susume it is a case of "woolly-mind".
The sting point in farmer of the line is the opinion & Su Ikay Mr Ross. who both know the district intimately
more
(have not much forth in 54 Clementis
opinion on such a subject than I have
in my own). Ihr Figures &haffie
poduced by Mchors an shitting
the Chemise take readily to vichray
havel.
From better
It King
experience of sailing bilding in it is safe
to assume that the
estinate will be exceeded - the last para