67. Two oil-fired furnaces for melting scrap brass were made and tried out. All scrap brass was melted up into ingots in readiness for the department's own foundry requirements in brass.
68. A small foundry was later erected in preparation for casting all brass castings in 1933.
69. Apart from trouble in trying to break the habit of smuggling goods into China by the locomotive running staff, all the personnel in the Workshops have worked very loyally.
ACCOUNTS.
70. The Capital Account and the Revenue Statements of Receipts and Expenditure are submitted in the same form as last year.
71. Between the 1st July and the end of December, six monthly cash instalments of $10,000 each were paid by the Chinese Section towards the purchase of the three tender locomotives, and a statement of the Locomotive Loan Account as at 31st December 1932 appears in the schedules appended.
72. The Depreciation Charges on Rolling Stock in respect of the year amounting to $74,353.95 were included in the Operating Expenses, Maintenance of Equipment, under the usual subheads; the amount at credit of Depreciation Reserves at the close of the year was $921,403.45.
73. The amount provided in the Estimates for the year 1932 under Special Expenditure was $92,900.00 and during the year various other amounts were voted, making a total of $103,988.00. The installation of an Hydraulic Ram at the Lowu Water Supply was not proceeded with and $2,500 lapsed; a sum of $11,389.57 lapsed under subhead "One New Boiler for Locomotive" as the actual cost was less than that estimated; the expenditure on Repairs to Galvanised Steel Pale Fencing round Locomotive Yard, Hung Hom, was $4,468.60 less than the amount provided, and there were small savings under other subheads.
74. The cost of the new Locomotive Boiler was charged to Capital Account until required; when put into use its cost will be charged to Depreciation Reserves and the Capital Account credited.
75. The Special Expenditure for the year 1932 was allocated between Capital, Revenue, and Depreciation Reserves. The portion chargeable to Capital was included in the Capital Account, while the Revenue items were debited to Operating Expenses. The cost of rebuilding four coaches was charged to Depreciation Reserves as in former years.
$ 9
67. Two oil-fired furnaces for melting scrap brass were made and tried out. All scrap brass was melted up into ingots in readiness for the department's own foundry requirements in brass.
68. A small foundry was later erected in preparation for casting all brass castings in 1933.
69. Apart from trouble in trying to break the habit of smuggling goods into China by the locomotive running staff, all the personnel in the Workshops have worked very loyally.
ACCOUNTS.
70. The Capital Account and the Revenue Statements of Receipts and Expenditure are submitted in the same form as last year.
71. Between the 1st July and the end of December, six monthly cash instalments of $10,000 each were paid by the Chinese Section towards the purchase of the three tender loco- motives, and a statement of the Locomotive Loan Account as at 31st December 1932 appears in the schedules appended.
72. The Depreciation Charges on Rolling Stock in respect of the year amounting to $74,353.95 were included in the Operating Expenses, Maintenance of Equipment, under the usual subheads; the amount at credit of Depreciation Reserves at the close of the year was $921,403.45.
73. The amount provided in the Estimates for the year 1932 under Special Expenditure was $92,900.00 and during the year various other amounts were voted, making a total of $103,988.00. The installation of an Hydraulic Ram at the Lowu Water Supply was not proceeded with and $2,500 lapsed; a sum of $11,389.57 lapsed under subhead "One New Boiler for Locomotive" as the actual cost was less than that estimated; the expenditure on Repairs to Galvanised Steel Pale Fencing round Locomotive Yard, Hung Hom, was $4,468.60 less than the amount provided, and there were small savings under other subheads.
74. The cost of the new Locomotive Boiler was charged to Capital Account until required; when put into use its cost will be charged to Depreciation Reserves and the Capital Account credited.
The
75. The Special Expenditure for the year 1932 was allocated between Capital, Revenue, and Depreciation Reserves. portion chargeable to Capital was included in the Capital Account, while the Revenue items were debited to Operating Expenses. The cost of rebuilding four coaches was charged to Depreciation Reserves as in former years.
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