:
•
OP Y.
Enclosure 2.
Statement calculating compensation on a 5% Dividend basis.
220
Operating Expenses.
Hongkong January to June, 1912,
(a) double this for whole year..
.8136,055
.8272,110
Bay.
.£27,211
(b) London expenses assume same as 1911..
1,444
(c) Debenture Interest..
9,750
(d) Reserve for depreciation as in 1911.
9,000
47,405
Dividend on £81,250 5% 4,062
4,062
£51,467
366) 51,467 ( 141
36,5
14 96
£141 say $1,410 receipts per day required to cover this.
14 60
367 365
Actual Average receipts Nov. 18th. to Dec. 31st., 1912.
·
17891
44
: $406
Government undertake to pay for the 44 days to 31st. Dec.
(1410 - 406)44
844,176.