61. A new motor trolley arrived from England during the year, the cost including erection was $5,681.43, of this $2,634.25 was charged to Revenue Expenditure, that being the cost of the old motor trolley retired, and the balance $3,047.18 was debited to Capital.
62. $5,000.00 was provided for the purchase of two new machines for the Workshops. Only one however arrived, and $3,085.04 lapsed under this sub-head.
63. The Special Expenditure for the year 1929 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.
64. The total under the head Special Expenditure amounted to $23,604.94, and the details are shown in the tables herein.
65. The sale of Main Line materials amounted to $4,582.35, and $93,602.60 was deducted from the Capital Account in respect of the house and garden at the China Light and Power old premises taken over during the year by the Public Works Department.
66. Tunnel No. 2 was rerailed in 1928 and the cost debited to the Capital Account. This will be transferred from Capital Account to Operating Expenses by seven annual instalments, and the first is included in the 1929 expenses.
67. The Fanling Branch Capital Account has been written down to $15,815.15, which represents the present value of the two old locomotives and rails awaiting disposal. The land has been handed back to Government, and the item $2,389.45 written off the Railway Account. Depreciation Reserves have been debited with the difference between the original cost and estimated present value of the rolling stock, and other items for which no depreciation is provided have been charged to Profit and Loss Account, Loss on Property retired, the Capital Account being credited accordingly. It is hoped to dispose of the two old locomotives and rails in the near future when the Capital Account of the Fanling Branch can be closed.
68. When the portion of 1929 Special Expenditure chargeable to Capital is added, viz. $16,154.09, and the $159,662.08 as per statement of sales, etc. deducted, the total of the Capital Account stands at $20,258,448.96.
69. The amount provided under Personal Emoluments was $280,058.00 and the expenditure $261,898.10, the saving being largely due to recovery of wages of Workshop staff engaged on work for Government Departments and to a lesser degree to new appointments, and fewer men employed than provided for in the Estimates.