made under Special Expenditure for actual
renewals, any
temporary excess
off
oke
latter being adjusted, the following year, o
being fonded
Additional sums
from the Colony's surplus
مد
posable
until the
the so
arrears of contubations have been made The sums voted the carried t
food.
ކ
Railway Renewals Fund Reserve Account in the Colony's statement of Arsets &
a
roughly corresponding sum
invested to separately,
Liabilities,
6 be
the interest o
any affecciation or depreciation being
accounted for
as if
made
O
account
the investments had been
of surplus funds.
6
leware
24/7/38
1
The total capital account value of rolling
stock of the railway is stated to be $2,800,000
(£175,000).
Against this there is a reserve, purely
a booking entry, of an amount representing about
one-third of that capital value. We do not know
what is the total capital value of the rest of the
railway assets liable to depreciation, such as
buildings, track and plant.
There are two special circumstances about
the Colony's railway and its finances which should be
borne in mind. First, that the railway is the
British section of a railway between Hong Kong and
Canton, and that the section serves no purpose
whatsoever apart from the Chinese section, e.g. the
quantity and nature of the locomotives and rolling
stock