S. 8
ACCOUNTS.
57. The Capital Account and the Revenue Statements of Receipts and Expenditure are submitted in the same form as last year.
58. With the exception of the first seven days of the year, all through express trains continued to run between Kowloon and Canton and the local services were improved by the addition of a goods train. The net revenue amounted to $133,106.47 as against $138,767.19 for 1929. Unfortunately the claim for the suspension of through traffic for the above seven days, amounting to $3,844.83, was not settled and therefore could not be included in the Revenue Account.
59. The Depreciation Charges on Rolling Stock in respect of the current year are in accordance with the scale laid down in the Classification of Expenditure prescribed by the Ministry of Communications, Peking, and accepted by the Chinese Government Railways under the Ministry of Railways, Nanking, and a sum of $58,790.06 is included in the Operating Expenses, Maintenance of Equipment, under the usual sub-heads: the amount at the credit of Depreciation Reserves at the close of the year being $877,309.32.
60. The amount provided for the year 1930 under Special Expenditure was $478,800.00.
61. The new passenger coaches for which $330,000.00 was provided, were not purchased and $329,679.27 was not required: and under sub-head 39, Permanent Shops at Stations (the result of a printing error) $30,785.05 lapsed. In the case of the $40,000.00 provided for new bodywork to four coaches purchased in 1910, the work was completed at a cost of $28,489.64, and the expenditure allocated to Depreciation Reserves.
62. The new Painting Shop, sub-head 41, was completed at a cost of $14,267.61, or $15,732.39 less than the estimate, on account of old materials being used for the permanent way.
63. The Special Expenditure for the year 1930 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 expended under the Head Special Expenditure amounted to $111,691.01, and the details are shown on the tables herein.
65. The sale of old Main Line materials amounted to $735.26, and one Fanling Branch old locomotive and some rails were disposed of, the amount realized being $4,650.98.
S. 8
ACCOUNTS.
57. The Capital Account and the Revenue Statements of Receipts and Expenditure are submitted in the same form as last year.
58. With the exception of the first seven days of the year. al through express trains continued to run between Kowloon and Canton and the local services were improved by the addition of a goods train. The net revenue amounted to $133,106.47 as against $138,767.19 for 1929. Unfortunately the claim for the suspension of through traffic for the above seven days, amounting to $3,844.83, was not settled and therefore could not be included in the Revenue Account.
59. The Depreciation Charges on Rolling Stock in respect of the current year are in accordance with the scale laid down in the Classification of Expenditure prescribed by the Ministry of Communications, Peking, and accepted by the Chinese Government Railways under the Ministry of Railways, Nanking. and a sum of $58,790.06 is included in the Operating Expenses. Maintenance of Equipment, under the usual sub-heads: the amount at the credit of Depreciation Reserves at the close of the year being $877,309.32.
60. The amount provided for the year 1930 under Special Expenditure was $478,800.00.
61. The new passenger coaches for which $330,000.00 was provided, were not purchased and $329,679.27 was not required : and under sub-head 39, Permanent Shops at Stations (the result of a printing error) $30,785.05 lapsed. In the case of the $40,000.00 provided for new bodywork to four coaches purchased in 1910, the work was completed at a cost of $28.489.64, and the expenditure allocated to Depreciation Reserves.
62. The new Painting Shop, sub-head 41, was completed at a cost of $14,267.61, or $15,732.39 less than the estimate. on account of old materials being used for the permanent way.
63. The Special Expenditure for the year 1930 has been allocated between Capital
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 expended under the Head Special Expenditure amounted to $111,691.01, and the details are shown on the tables herein.
65. The sale of old Main Line materials amounted to $735.- 26, and one Fanling Branch old locomotive and some rails were disposed of, the amount realized being $4.650.98.
No comments yet.
Private notes are available after approval.