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In addition to the above the question of settlemont
ratio for the through traffic accounts between the British and
Chinese sections also requires to be dealt with. The Chines e
section has a length of eighty-nine miles, while the British
section measures twenty-two miles. of the total of one hundred
and eleven miles, the Chinese section represents 80.2% and the
British section 19.8%. But the present appropriation of the
through traffic receipts gives sixty-five per cent to the
Chinese and thirty-five per cent to the British; therefore a
rearrangement giving a higher ratio to the Chinese is quite
Justifiable as well as necessary. The Chinese section should
get eighty or at least seventy-five per cent.
Rehabilitation of the railway and development of its
traffic is a question of finance. As will be seen from the
statements above, the working liabilities of the railway at the
end of 1928 amounted to $2,770,659.88 and this will be increased
during the current year by a further sum of $656,651.86, bringing
the total at the end of the year to $3,427,311.74, to meet
which the railway has presently no resources. In addition to
this sum, the railway requires, for the reasons explained above,
to be put in a position to finance the following:
Renewal of sleepers
Purchase of Carriages
$360,000.00
$300,000.00
Its total financial requirements are therefore approximately
four million dollars.
It is estimated that the railway's revenue can be
increased to approximately $8430 per day, if the improvements and
suggestions made in this report are carried out. The following
9.