31

Revenue:-

Rstimates for 1929

365 days @ $4,500

1,642,500.00

In ordinary circumstances the revenue averages over

$5,000 per day, but as the line was interrupted for some time

during May on account of the Kuangsi rebellion, allowance has

been made in the above estimate for loss of revenue on that

account.

Operating Expenses

Estimates

Ordinary

Extraordinary

$ 1,500,000.00

42,500.00

Total

1,542,500.00

Fatimɛted surplus for the year

100,000.00

Position at December 31st, 1929

Total estimated Working Liabilities

Less estimated surplus for the year

Net Working Liabilities

3,427,311.74

100,000.00

$3,327,311.74

Operating Results, 1920 to 1928

Year Operating Revenue Operating Expenses Operating Rates

1920

$1,028,201.87

$928,213.87

90.3

1921

$1,287,126.08

$920,772.20

71.54

1922

$1,541,493.57

1,028,745.36

66.74

1923

784,296.16

845,552.83

107.81

1924

601,915.61

602,376.32

100.08

1925

774,990.65

694,541.41

90.00

1926

1,686,096.60

1,159,978.69

68.80

1927

1,083,607,30

1,393,185.47

128.57

|1928

1,389.729,07

1,510,125.20

108.66

3.

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