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stock, demurrage and rebates for the same period $61,097.18, making a total of $473,397.10.

54. The results of the past 5 years are as follows:-

Year Gross Receipts Working Expenses Net Receipts. 1920 $520,176.10 $487,144.04 $33,032.06 1921 $603,980.77 $527,991.06 $75,989.71 1922 $710,295.75 $562,144.35 $148,151.40 1923 $474,721.78 $523,513.13 -$48,791.35 1924 $420,186.15 $507,814.42 -$87,628.27

55. Through and Joint Sectional passengers carried were as follows:-

1922 1923 1924 Passengers booked by Stations in British Section to Stations in China including Lowu 526,111 250,719 168,734 Passengers booked at Stations in China including Lowu to Stations in British Territory 522,909 249,152 157,315

56. The Local Passengers carried were as follows:-

1922 1923 1924 Main Line 639,709 951,001 1,177,234 Fanling Branch Line 52,431 73,838 82,505

57. Accidents during the year were as follows:—

Main Line Branch Line Derailment of engines Nil 2 coaches 1 2 wagons 1 Nil breakdown crane 1 Nil Split points 1 Nil Damage to Level Crossing Gates 3 Nil Involving Serious death Minor injury Railway Employees Nil Nil 1 Passengers 1 Nil Nil Trespassers 1 Nil Nil

With regard to the two deaths, the passenger was a Chinese male who fell off the train at Mile 34 and died next day, and the trespasser was a coolie who had both legs cut off at Lowu and died later.

58. It was decided that this Railway should adopt the classification of Revenue and Expenditure as prescribed by the Ministry

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