{
The alternative British offer assumee but the rose Bulu-
viz-378 -ings from passenger traffic will be divided into two parts, $1,076,700 from 3rd, class pugsengers and £238,940 from let. and und, class passengers.Total prose earnings A1,315,600 per an un an before. The sun $1,076,700 will be divided in a ratio of 50, Brig.on to 70% to 60% China. This means that the British section will take 8323.015
the B 3:238,930 In a ratio of 40, British on rd, class passengerf traffic and 896,572 on 1st. and Zau. clasa pansun er traffic, 1. 7418,507 per annum; while tue Chinese Section will take shy balance of 2397,093. This division is turofore ali ull, more
r. Lindsey's favourable to the Chinese Section, provided al-aya tat
A
cleas
sypos valiona as to the relative bulk of les.. pasBou urf traffic aru realized; bu a xiimaxxir alteration in the ratios of not earnings to ospital cost is inconsiderable.
Assuming, dorever, for anf-by's sake tut lum po8 oarn- gavul berduced by
* accept-
et the fulloving;-
-ings of the line uave been over-estimated an one-third, which would be a sufficiently cautious estimate,
our alternative offer, ve
-ing the 71,
Sicurs468
British.,
ross earning
279,000
or in #retandes
sarnings
1888,607
100,391
alio of net earnings
1.4
Chinese,
DVB,06%
1:43, 324
254,778
to ospitel cost
The division is terefore still ali, htly inftaurrİXXX*XX in
favour of China.
A
Migre aro Ancluded in Às regards the **tar Forry* \arcas, the fares as scheduled am are therefore imo trafo divided in tavs
ƒ we únings do not to wair fare. neme ratio as bat adopted for cocept our rubio of division than the "Itar Ferry" ekor, en vill luựn to be excluded from tie taliray Fores i us paid seporno dy by wa paanongar S.
If the Chinese or obstinute in refusing a division in E ratio of 50% british m to a Chinese for all lesson of tuito A Jensenyor and through goods traffic, it will be nodestory to inkjet on wie division of rabat bet man llow Long sad sheklung in a rat
of