R 7
and savings are given in the subjoined table with the explanation thereof. It will be noticed that the main items under savings are due to the relinquishment of the provision for land now not required for Railway purposes and a credit on account of profit on exchange. Against these savings the main excesses are due to provision of expenditure in connection with the two foot gauge line to Fan Ling amounting to about $72,000 under various heads; the provision of Loco and Rolling Stock $160,000 due to the necessity of new stock for the through running to Canton; certain additions to Permanent Way and Loco which are really transfers from Plant retained for Open Line use as follows:-
To Permanent Way VII,- To Loco,
$24,268.52
14,200.98
$38,469.50
and finally to a big balance of Stores in Suspense partly obtained by transfers from Plant such as Permanent Way used by Messrs. Leigh and Orange during Construction, classified as follows:-
These items may be
Value of Permanent Way available for renewals and laying of extensions and Private Sidings,
Stores in Suspense for Revenue purposes inclusive of spares, spans for Bridges which may be disposed of if sales offer or be used on Line as occasion demands,....
$77,869.86
35,524.00
Loss on Stores due to sales at less than book value, miscellaneous charges for repairs to launches and lighters, rents and depreciation of 33 per cent. written off the book value of new Stores,
Value of actual Stock so written down available for sale,
$113,393.86
43,126.59
32,000.00
The other excesses are not important and are explained in the Table. The actual value of the plant now at Hung Hom at prices averaging about half the original price amounts to $182,779.54. It will not be safe to count on getting anything more than $100,000 in all for this. To this amount should be added the value of written
R 7
and savings are given in the subjoined table with the explanation thereof. It will be noticed that the main items under savings are due to the relinquishment of the provision for land now not required for Railway purposes and a credit on account of profit on exchange. Against these savings the main excesses are due to provision of expenditure in connection with the two foot guage line to Fan Ling amounting to about $72,000 under various heads; the provision of Loco and Rolling Stock $160,000 due to the necessity of new stock for the through running to Canton; certain additions to Permanent Way and Loco which are really transfers from Plant retained for Open Line use as follows:-
To Permanent Way VII,- To Loco,
$24,268.52
14,200.98
$38,469.50
and finally to a big balance of Stores in Suspense partly obtained by transfers from Plant such as Permanent Way used by Messrs. Leigh and Orange during Construction. classified as follows:-
These items may be
Value of Permanent Way available for renewals and laying of extensions and Private Sidings,
Stores in Suspense för Revenue purposes inclusive of spares, spans for Bridges which may be disposed of if sales offer or be used on Line as occasion demands,....
$77,869.86
35,524.00
Loss on Stores due to sales at less than book value, miscellaneous charges for repairs to launches and lighters, rents and depreciation of 33 per cent. written off the book value of new Stores,
Value of actual Stock so written down available
for sale,
$113,393.86
43,126.59
32,000.00
The other excesses are not important and are explained in the Table. The actual value of the plant now at Hung Hom at prices. averaging about half the original price amounts to $182,779.54. It will not be safe to count on getting anything more than $100,000 in all for this. To this amount should be added the value of written
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