18
Milo.
324
I can find nothing in my memoria vich could
gest that the total receipts and total working expenses will be the be on the British and Chinese Sections. The atale at in pararaph b on unge three of my me. orandum makes this quito clear.
You also eqrase the opinion that the morning ex- -pensee will be considerably loan ban 70% of the group takings of tae a 11.oy. I we also of opinion that tuay :ill be less for bas British Section; but not for the dinose declion en my convention is tet out of our charge of 1 cent for carrying a third class panonger one mile i will cont us 7/10ths. of a cent to curry him that mile. If
to Bribian Section charges L onto per dle and it only cost 7/loths.
101
c no por mile to curry him then the working, expanses of the rition Section may be taken as only 20% of Dia Cross arnings. They would be 70%. if the rate per mile in tno British Section were ona
cast only.
The ovuple given on pege © of your letter manuses
that Torking Psponses will be 70% on both the British and the Chinese
Bections with tao fomer's 2 cent faren and die lobber's 1 cent
faros. This 1 neither claim for admit. Therefore the exuple given
shouls be corrected as follows:-
apital cost of Kailway.
« u 90 conte
aquel X,700 a day or per bunu. eguale.
Working Expenses 70 per centau (1.0. 1,000 passen erà € 7/10ths of a ont per mile carried 90 Miles for 360 days. 3,000 % 1/10thr
90 x 365).
2000 passengers € 43 cents cquals
1,290 a day or per annum equels...
jorking av enses, 3000 pagsenerg
7/10ths of a cunt per aile corried 4 tiles for 30 days 3,000 x 7/10the
65 x 21.
atternings,
eturn on Capital..
Chinnee Section.
...ALL,100,000
965,bee
British Sect.
X49,020,000
609,500
470.850
مال والاعم
.1.90.
160,965
1300 805
ith these xxx corrections it will be seen that Lamp vle
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