A (2) 10
The through passenger service to Canton was maintained practically throughout the whole year and the foreign passenger receipts showed an increase of 46% over the receipts for 1927.
SUSPENSION OF TRAFFIC CLAIMS.
33. The Claims against the Chinese Section on account of suspension of Through and Joint Sectional Traffic, Hire of Rolling Stock and Demurrage, which stood at $993,449.22 at the end of 1927 have increased by $4,146.99 in respect of suspension of traffic 1928 making a total of $997,596.21 outstanding at the end of 1928. The Debits in respect of Demurrage and Hire of Rolling Stock for the year 1928 were accepted by the Administration of the Chinese Section and the accounts adjusted. Detailed statements of the Claim against the Chinese Section have from time to time been submitted and the British Administration is exploring every possible avenue with a view to settlement.
RAILWAY EXPENDITURE.
34. The working expenses for the year 1928 amounted to $800,954.17 being an increase of $85,184.76 over the amount expended in 1927. It is, however, satisfactory to note that for the first year since 1922 the Revenue shows an excess over working expenses of $20,040.73.
FARES ALLOCATION.
35. The final division sheets of Through and Joint Sectional traffic receipts have been agreed between the two Administrations to the end of 1928.
RAILWAY STORES.
36. Test surveys of the Main and Workshop Stores were carried out during the year and call for no particular comment.
PRAYA EAST ACCOUNT.
37. The account has been examined monthly and all observations made have been satisfactorily settled.
The Reclamation Scheme is in an advanced stage of completion, Roads and the necessary Drainage Works being in course of construction. The estimated cost of the Scheme has been exceeded and the participants were required to meet the excess cost, being given the opportunity of paying further calls by cash or accepting the liability of an overdraft on the Praya East Account at 6% with the Hong Kong and Shanghai Banking Corporation to finance the further cost of the scheme. In the majority of cases the latter course was adopted by the subscribers,
A (2) 10
The through passenger service to Canton was maintained practically throughout the whole year and the foreign passenger receipts showed an increase of 46% over the receipts for 1927.
SUSPENSION OF TRAFFIC CLAIMS.
33. The Claims against the Chinese Section on account of suspension of Through and Joint Sectional Traffic, Hire of Rolling Stock and Demurrage, which stood at $993,449.22 at the end of 1927 have increased by $4,146.99 in respect of suspension of traffic 1928 making a total of $997,596.21 out- standing at the end of
end of 1928. The Debits in respect of Demurrage and Hire of Rolling Stock for the year 1928 were accepted by the Administration of the Chinese Section and the accounts adjusted. Detailed statements of the Claim against the Chinese Section have from time to time been submitted and the British Administration is exploring every possible avenue with a view to settlement.
RAILWAY EXPENDITURE.
34. The working expenses for the year 1928 amounted to $800,954.17 being an increase of $85,184.76 over the amount expended in 1927. It is, however, satisfactory to note that for the first year since 1922 the Revenue shows an excess over working expenses of $20,040.73.
FARES ALLOCATION.
35. The final division sheets of Through and Joint Sectional traffic receipts have been agreed between the two Administra- tions to the end of 1928.
RAILWAY STORES.
36. Test surveys of the Main and Workshop Stores were carried out during the year and call for no particular comment.
PRAYA EAST ACCOUNT,
37. The account has been examined monthly and all observations made have been satisfactorily settled.
The Reclamation Scheme is in an advanced stage of completion, Roads and the necessary Drainage Works being in course of construction. The estimated cost of the Scheme has been exceeded and the participants were required to meet the excess cost, being given the opportunity of paying further calls by cash or accepting the liability of an overdraft on the Praya East Account at 6% with the Hong Kong and Shanghai Banking Corporation to finance the further cost of the scheme. In the majority of cases the latter course was adopted by the subscribers,
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