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43. The amount provided for the year 1928 under Special Expenditure was $31,000, and during the year at various times further sums were voted, making a total of $81,761.00.
44. Under sub-head 36 Improvements and Alterations to Taipo Market Station, a revote was required to complete as the work could not be carried out in 1927, the total cost being $1,112.19 less than the estimate of $25,000.00.
45. The $9,000, under sub-head 37, Repairs to Fanling Branch was not needed, as the line was closed early in the year.
46. The Special Expenditure for the year 1928 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. It was agreed that the Railway should bear a portion of the cost of the underground cable for the Telegraph and Telephone lines, supplied by the Public Works Department, and a sum of $30,000.00 is included in the Capital Account and shown in the Special Expenditure statement.
47. The total expenditure under this head thus amounted to $92,714.83 and the details are shown in the tables herein.
48. Sixteen goods wagons were sold to the Yueh Han Railway and one to the Chinese Section, also a portion of the Fanling Branch Line equipment was disposed of, the Manager's House at Kowloon was taken over by the Government, and 437 old iron telephone poles no longer required by the Railway were transferred to the Public Works Department at valuation.
49. The proceeds by sale or transfer have been credited to Capital Account under the various sub-heads concerned, and in the case of Rolling Stock, for which depreciation has been provided in previous years, the difference between the original and scrap value has been charged to Depreciation Reserves and the Capital Account credited.
50. The $9,549.36, which represents the difference between the original cost of the 437 telephone poles and the sum charged to the Public Works Department, has been debited to Profit and Loss Account and the Capital Account credited accordingly, and when the portion of 1928 Special Expenditure chargeable to Capital is added, viz., $83,877.51 and the $221,957.96 as per statement of sales, etc., herein deducted, the total of the Capital Account at the end of the year stands at $20,401,956.95.
51. The amount provided under Personal Emoluments was Main Line $269,600 and Fanling Branch $7,032, making a total of $276,632.00.
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43. The amount provided for the year 1928 under Special Expenditure was $31,000, and during the year at various times further sums were voted, making a total of $81,761.00.
44. Under sub-head 36 Improvements and Alterations to Taipo Market Station, a revote was required to complete as the work could not be carried out in 1927, the total cost being $1,112.19 less than the estimate of $25,000.00.
45. The $9,000, under sub-head 37, Repairs to Fanling Branch was not needed, as the line was closed early in the year.
46. The Special Expenditure for the year 1928 has been allocated between Capital and Revenue, and the portion charge- able to Capital included in the Capital Account, while the Revenue items are debited to Operating Expenses. It was agreed that the Railway should bear a portion of the cost of the underground cable for the Telegraph and Telephone lines, supplied by the Public Works Department, and a sum of $30,000.00 is included in the Capital Account and shown in the Special Expenditure statement.
47. The total expenditure under this head thus amounted to $92,714.83 and the details are shown in the tables herein.
48. Sixteen goods wagons were sold to the Yueh Han Rail- way and one to the Chinese Section, also a portion of the Fanling Branch Line equipment was disposed of, the Manager's House at Kowloon was taken over by the Government, and 437 old iron telephone poles no longer required by the Railway were transferred to the Public Works Department at valuation.
49. The proceeds by sale or transfer have been credited to Capital Account under the various sub-heads concerned, and in the case of Rolling Stock, for which depreciation has been provided in previous years, the difference between the original and scrap value has been charged to Depreciation Reserves and the Capital Account credited.
50. The $9,549.36, which represents the difference between the original cost of the 437 telephone poles and the sum charged to the Public Works Department, has been debited to Profit and Loss Account and the Capital Account credited accordingly, and when the portion of 1928 Special Expenditure chargeable to Capital is added, viz., $83,877.51 and the $221,957.96 as per statement of sales, etc., herein deducted, the total of the Capital Account at the end of the year stands at $20,401,956.95.
51. The amount provided under Personal Emoluments was Main Line $269,600 and Fanling Branch $7,032, making a total of $276,632.00.
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