Appendix S.
KOWLOON-CANTON RAILWAY. (British Section).
ANNUAL REPORT FOR 1933.
GENERAL.
1. It is indeed pleasing to be in a position to report that the year 1933 showed a great improvement over previous years, and that no untoward events occurred to interfere with the general progress.
2. Although the effects of the general depression appear to have been severely felt in Hong Kong in 1933, the earnings of the Railway continued to improve steadily, and yet another very successful year resulted.
3. The results of the last five years working are given in paragraph 102 for comparison, and the figures for 1933 show a most satisfactory state of affairs.
4. The net operating revenue amounted to the exceptional figure of $711,052.42, (which is irrespective of loan interest and sinking fund charges) and was considerably more than double that of last year's figure, representing a return of 31% on the total capital. Both gross and net revenue receipts were again by far the highest on record, and with the single exception of receipts from local goods traffic, increased earnings were derived from every source of revenue.
5. There was no suspension of traffic and no interruption from storms or typhoons.
6. The track, both on the British and the Chinese Section, was well maintained and enabled the accelerated timetable introduced in November 1932 to be continued, while certain alterations were made to the hours of departure, and in the number of through express trains, to suit the convenience of the travelling public. These improvements, together with the fact that southern Kwang Tung is being rapidly opened up by roads, many of which act as feeders to the Railway, helped to make it a very popular means of conveyance.
7. An agreement was entered into between the British and Chinese Sections and the Wai Chow Highway Company for through booking of 2nd and 3rd class passengers between Kowloon and Wai Chow in Chinese Territory, over the British and Chinese Section's lines between Kowloon and Cheung Muk Tou and the Highway Company's 25 mile bus route on to Wai Chow.
Appendix S.
KOWLOON-CANTON RAILWAY. (British Section).
ANNUAL REPORT FOR 1933.
GENERAL.
1. It is indeed pleasing to be in a position to report that the year 1933 showed a great improvement over previous years, and that no untoward events occurred to interfere with the general progress.
2. Although the effects of the general depression appear to have been severely felt in Hong Kong in 1933, the earnings of the Railway continued to improve steadily, and yet another very successful year resulted.
3. The results of the last five years working are given in paragraph 102 for comparison, and the figures for 1933 show a most satisfactory state of affairs.
4. The net operating revenue amounted to the exceptional figure of $711,052.42, (which is irrespective of loan interest and sinking fund charges) and was considerably more than double that of last year's figure, representing a return of 31% on the total capital. Both gross and net revenue receipts were again by far the highest on record, and with the single exception of receipts from local goods traffic, increased earnings
earnings were derived from every source of revenue.
5. There was no suspension of traffic and no interruption from storms or typhoons.
6. The track, both on the British and the Chinese Section, was well maintained and enabled the accelerated timetable introduced in November 1932 to be continued, while certain alterations were made to the hours of departure, and in the number of through express trains, to suit the convenience of the travelling public. These improvements, together with the fact that southern Kwang Tung is being rapidly opened up by roads, many of which act as feeders to the Railway, helped to make it a very popular means of conveyance.
7. An agreement was entered into between the British and Chinese Sections and the Wai Chow Highway Company for through booking of 2nd and 3rd class passengers between Kowloon and Wai Chow in Chinese Territory, over the British and Chinese Section's lines between Kowloon and Cheung Muk Tou and the Highway Company's 25 mile bus route on to Wai Chow.
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