Three months ending 31st December 1910.

Per cent. on

Gross Receipts.

Revenue Account for the year ending the 31st December, 1911.

Expenditure.

Earnings.

Abstract.

31st December Year ending

1911.

Total.

$ C. 11,382.86 33.50 $ C. 11,300.59 33.26 To Maintenance of Way Works and Stations... $ C. 4,300.50 12.65 Local Earnings. 8 c. $ C. 34,272.26 23.31 By Coaching Traffic..... 26,657.86 Loco Carriage 7,141.31 181.16 G 107,398.05 Goods Sundries H 12,515 41 19 11,729.24 22 Wagon Expenses. B & C " Traffic Expenses D 51,560.62 35.06 32,902.29 22.37 Total Local Earnings.. 131,642.70 6,163.72 18.14 General Charges E 53,121 77 36.12 " " Special & Miscellaneous Expenditure Foreign Earnings. F 47.00 03 By Coaching Traffic G 33,147.67 97.55 Total Expenditure.... 171,903.94 116.89 Goods H 15,317.64 98.46 832.86 2.45 To Balance (Net Earnings), Total Foreign Earnings.. 15,416.10 11 Loss on Working'. 24,845.14 16.89 1 33,980.33 100.00 Total 8,147.058 80 100.00 33,980.33 Total..... $147,058.80 To Loss on Working excluding Interest. 24,845.14 By Balance being loss on Working including Interest 414,578.37 " +1 12 months' Interest on Crown Agents' Advances, 167,787.93 12 months' Interest on Wuchang Loan ... 221,945.30 $ 414,578.37 $ | 414,578.37

N.B.---Figures printed in italics are minus quantities.

Hongkong, 19th April, 1912.

J. MORRIS,

Chief Accountant.

R8

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