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I should like to place on record my appreciation of the excellent manner in which the work has been carried out and at the same time to express my indebtedness to Mr. Harris, Chief Accountant of the Chinese Section for his assistance and advice.
At the end of 1916 the Construction Account was closed, and thereafter estimates of expenditure were framed under two main heads, viz., Working Expenses and Special Expenditure. Special Expenditure for the years 1917 to 1924 has now been allocated as between Capital and Revenue, and the portion properly chargeable to Capital is for the first time included in the Capital Account, and the balance, viz., $213,115.84 chargeable to Revenue is carried to Profit and Loss Account. The Special Expenditure for the year 1925 has been allocated between Capital and Revenue, and the portion chargeable to Capital included in the Capital Account while the Revenue items are debited to Operating Expenses.
The Local passenger receipts amounted to $332,268.31, as against $332,942.68 for the previous year, and the goods receipts were $21,762.64, or $2,286.92 less than the previous year.
The Gross Receipts for the year were $430,578.31, as against $420,186.15 for 1924, an increase of $10,392.16.
The operating expenses, amounted to $529,901.49. The disbursements against the estimate of ordinary working expenses was $504,422.56 and the portion of Special Expenditure properly chargeable to Revenue $14,744.04. Further items amounting to $10,734.89 are included in respect of services rendered and materials supplied by Government departments, also payments by Railway during the year not provided for in the Railway Estimates but charged to Government votes. The working expenses exceeded the Revenue by $99,323.18.
Through and Joint Sectional passengers carried were as follows:-
1923 1924 1925 Passengers booked at Stationsin British Section to Stations in China including Lowu.... Passengers booked at Stations
in China including Lowu to Stations in British Territory 250,719 168,734 16,224* 249,152 157,115 16,316*
The Local Passengers carried were as follows :—
1923 1924 1925 Main LineFanling Branch Line.......... 951,001
73,838 1,177,234
82,505 1,083,821
58,419
*Lowu bookings not included as formerly.
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