14. The Special Expenditure has been added in a summary to the Capital Account which now stands at $14,812,577.77 Main Line and Fanling Branch $89,808.57.
15. The Revenue Statements of Earnings and Expenditure follow the line previously adopted. The actual expenditure amounted to $337,431.48 against an estimate of $366,405 showing a saving of $28,973.52.
The saving under the head of Personal Emoluments amounted to $15,575.92 partly due to two members of the Staff serving with His Majesty's Forces, the transfer of the Inspector of Station Accounts to the Colonial Secretary's Office and other Staff changes, also to a smaller extent to a higher rate of exchange prevailing than was anticipated when the estimates were framed.
The savings under the various sub-heads of Other Charges amounted to $13,397.60. The cost of Running Stores supplied to Engines was $2,800 below the estimate owing to economies effected in the use of Oil and other Stores, and $2,800 was not required under sub-head Commission on Goods. The maintenance cost of Telephones was $1,000 less than was estimated and Traffic Stores $800 and smaller amounts under other sub-heads.
16. In spite of the increased cost of Running Stores and Materials the percentage of expenditure to gross receipts shows a decrease from 81.02 to 78.79.
17. The Local Passenger Traffic has remained steady the receipts being $119,397.09 or $470.17 less than the previous year, while the Local Goods Traffic has increased from $7,706.81 to $9,985.88 and the Sundry Receipts amounted to $4,096.52 more than in 1916 which is due to the inclusion of rents collected in respect of reclaimed land let at Hunghom and to wharfage fees.
18. Through and Joint Sectional Coaching Traffic Receipts show a marked increase of $41,763.98. This improvement is due to a great extent to the increase in certain Joint Sectional fares from May 1st and also to a greater number of passengers travelling than in 1916.
19. The condition of the Goods Traffic has improved, the receipts being $33,770.69 as against $18,107.50 for the previous year.
20. The Gross Receipts for the year were $428,246.46 as against $366,215.67 for 1916, an increase of $62,030.79. The balance after paying working expenses stands at $90,814.98 or $21,290.94 more than the previous year.
21. The results of the past 6 years are as follows:-
Year Gross Receipts Working Expenses Net Earnings 1912 $241,649.02 $207,350.78 $34,298.24 1913 $333,633.32 $245,808.58 $87,824.74 1914 $364,608.32 $274,366.39 $90,241.93 1915 $343,769.08 $297,265.97 $46,503.11 1916 $366,215.67 $296,691.63 $69,524.04 1917 $428,246.46 $337,431.48 $90,814.98-
S 3
14. The Special Expenditure has been added in a summary to the Capital Account which now stands at $14.812,577.77 Main Line and Fanling Branch $89,808.57.
15. The Revenue Statements of Earnings and Expenditure follow the line previously adopted. The actual expenditure amounted to $337,431.48 against an estimate of $366,405 showing a saving of $28,973.52.
The saving under the head of Personal Emoluments amounted to $15,575.92 partly due to two members of the Staff serving with His Majesty's Forces, the transfer of the Inspector of Station Accounts to the Colonial Secretary's Office and other Staff changes, also to a smaller extent to a higher rate of exchange prevailing than was anticipated when the estimates were framed.
The savings under the various sub-heads of Other Charges amounted to $13,397.60. The cost of Running Stores supplied to Engines was $2,800 below the estimate owing to economies effected in the use of Oil and other Stores, and $2,800 was not required un- der sub-head Commission on Goods. The maintenance cost of Telephones was $1,000 less than was estimated and Traffic Stores $800 and smaller amounts under other sub-heads.
16. In spite of the increased cost of Running Stores and Materials the percentage of expenditure to gross receipts shows a decrease from 8102 to 78:79.
17. The Local Passenger Traffic has remained steady the receipts being $119,397.09 or $470.17 less than the previous year, while the Local Goods Traffic has increased from $7,706.81 to $9,985.88 and the Sundry Receipts amounted to $4,096.52 more than in 1916 which is due to the inclusion of rents collected in respect of reclaimed land let at Hunghom and to wharfage fees.
18 Through and Joint Sectional Coaching Traffic Receipts show a marked increase of $41,763.98. This improvement is due to a great extent to the increase in certain Joint Sectional fares from May 1st and also to a greater number of passengers travelling than in 1916.
19. The condition of the Goods Traffic has improved, the receipts being $33,770.69 as against $18,107.50 for the previous year.
20. The Gross Receipts for the year were $428,246.46 as against $366,215.67 for 1916, an increase of $62,030.79. The balance after paying working expenses stands at $90,814.98 or $21,290.94 more than the previous year.
21. The results of the past 6 years are as follows:-
Working Expenses.
Gross Receipts.
1912
$241,649.02
$207,350.78
Net Earnings. $34,298.24
1913
333,633.32
245,808.58
87.824.74
1914
364,608.32
274,366.39
90,241.93
1915
343,769.08
297,265.97
46,503.11
1916
366,215.67
296,691.63
69,524.04
1917
428,246,46
337,431.48
90,814.98
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