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70. The Traffic Expenses were $1,477.40 less than the amount provided. The savings under subhead Stores were $248.41, Fittings and Furniture $404.12, and Printing, Stationery and Tickets $734.77, also smaller amounts under various other subheads.
71. Running Expenses were $243,953.70 against an estimate of $284,750.00. Under subhead 15 Lubricants, Locomotive Oil, $1,033.46 more than the amount provided was needed owing to higher prices, and to a smaller extent increase in consumption.
72. The sum required under subhead 6-Coal was $38,722.39 less than the amount provided, and savings under other subheads of $3,107.37 brought the total savings to $40,796.30.
73. The expenditure under Maintenance of Equipment was $78,716.00 or $9,019.00 less than the sum provided.
74. A sum of $6,910.61 lapsed under subhead 14 Locomotive Repairs, as the new tender locomotives came into service from May on the express work. This reduced the amount of repairs estimated for.
75. Maintenance of Way and Structures expenses $9,109.81 less than estimated, as rigid economy in expenditure was exercised. Rail renewals where possible were held over, and 3,351 old sleepers were disposed of and credit thus afforded amounted to $2,197.99.
76. Referring to the Revenue Account, the local passenger receipts amounted to $401,328.10 as compared with $357,439.36 for the previous year, an increase of 12.27%. The local goods receipts were $30,092.50 or $6,035.81 more than 1930, an increase of 25.09%.
77. The rise in the local passenger receipts was due to an increase of 15% in the local passenger fares as from the 1st January, 1931, but the improvement in local goods receipts was not due to the same cause as the rates remained unaltered.
78. The foreign passenger receipts were $479,806.96 as against $397,920.36. This increase of $81,886.60 or 20.59% may be attributed to more passengers using the Railway, and to a smaller extent to increases in the Joint Sectional fares over the British Section, but consideration must also be given to the fact that exchange between Canton and Hong Kong fell from 130-100 to approximately 135-100, thus adversely affecting the British Section's share of receipts in Canton currency.
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70. The Traffic Expenses were $1,477.40 less than the amount provided. The savings under subhead Stores were $248.41, Fittings and Furniture $404.12, and Printing, Stationery and Tickets $734.77, also smaller amounts under various other subheads.
71. Running Expenses were $243,953.70 against an estimate of $284,750.00. Under subhead 15 Lubricants, Locomotive Oil, $1,033.46 more than the amount provided was needed owing to higher prices, and to a smaller extent increase in consumption.
72. The sum required under subhead 6-Coal was $38,722.39 less than the amount provided, and savings under other sub- heads of $3,107.37 brought the total savings to $40,796.30.
73. The expenditure under Maintenance of Equipment was $78,716.00 or $9,019.00 less than the sum provided.
74. A sum of $6,910.61 lapsed under subhead 14 Locomo- tive Repairs, as the new tender locomotives came into service from May on the express work. This reduced the amount of repairs estimated for.
were
75. Maintenance of Way and Structures expenses $9,109.81 less than estimated, as rigid economy in expenditure was exercised. Rail renewals where possible were held over, and 3,351 old sleepers were disposed of and credit thus afforded amounted to $2,197.99.
76. Referring to the Revenue Account, the local passenger receipts amounted to $401,328.10 as compared with $357.439.36 for the previous year, an increase of 12.27%. The local goods receipts were $30,092.50 or $6,035.81 more than 1930. an increase of 25.09%.
77. The rise in the local passenger receipts was due to an increase of 15% in the local passenger fares as from the 1st January, 1931, but the improvement in local goods receipts was not due to the same cause as the rates remained unaltered.
78. The foreign passenger receipts were $479,806.96 as against $397.920.36. This increase of $81,886.60 or 20.59% may be attributed to more passengers using the Railwav, and to a smaller extent to increases in the Joint Sectional fares over the British Section, but consideration must also be given to the fact that exchange between Canton and Hong Kong fell from 130-100 to approximately 135-100, thus adversely affecting the British Section's share of receipts in Canton currency.
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