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13. Parcels, ordinary and insured, which were dealt with reached a total of 164,482 as against 149,929 in increase of 14,553.
14. The Railway may be said to have had a satisfactory year in 1936. The estimates were framed in expectation of increased traffic revenue and lower operating expenditure. This optimism was justified by the results secured, which show that both traffic receipts and net earnings would have exceeded the amount anticipated but for the unexpected closure of the Shum Chun Casino on September 1st.
15. Receipts and net operating revenue were $1,245,469.16 and $454,733.00 respectively, as against $1,411,674.73 and $500,654.48 the previous year.
16. Operating expenditure was $790,736.16, compared with $911,020.25 in 1935. This year's figure is the lowest obtained since 1929, and was made possible, despite the low sterling exchange figure of the dollar, by a particularly favourable price for coal and by economy in working. The operating ratio improved from 64.53% to 63.49%.
17. The account in respect of the three 4-6-0 locomotives, purchased by the Hong Kong Government on behalf of the Kwang Tung Provincial Government, was fully liquidated on April 30th, and these engines were handed over to the Chinese Section for operation on May 1st. Revenue was affected considerably by the change, foreign haulage receipts slumping from $289,641.32 to $132,482.78.
18. The track on both Sections was well maintained, and enabled the overall timing of the express trains to be reduced to 2 hours 55 minutes including an additional stop in Chinese territory.
19. The total steam train mileage run amounted to 334,674, compared with 500,887 the previous year; this includes trains hauled by British Section locomotives over the Chinese Section. Motor coach mileage was 5,621. Passenger journeys were 2,826,867, as against 2,799,352 in 1935, the advance being due to an increase of 180,487 in through carryings.
20. The most noteworthy improvement of the year was the conversion of one of the two motor coaches into a streamlined luxury parlour observation railcar named the "Taipo Belle". This car was operated as a separate unit during week-ends, and attached to the rear of ordinary local trains on other days. It has proved to be extremely popular with the public and, in consequence, the second motor coach is undergoing similar reconstruction.
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13. Parcels, ordinary and insured, which were dealt with reached a total of 164,482 as against 149,929 in increase of 14,553..
.
1935-an
14. The Railway may be said to have had a satisfactory year in 1936. The estimates were framed in expectation of increased traffic revenue and lower operating expenditure. This optimism was justified by the results secured, which show that both traffic receipts and net earnings would have exceeded the amounted anticipated but for the unexpected closure of the Shum Chun Casino on September 1st.
15. Receipts and net operating revenue were $1,245,469.16 and $454,733.00 respectively, as against $1,411,674.73 and $500,654.48 the previous year.
16. Operating expenditure was $790,736.16, compared with $911,020.25 in 1935. This year's figure is the lowest obtained since 1929, and was made possible, despite the low sterling exchange figure of the dollar, by a particularly favourable price for coal and by economy in working. The operating ratio improved from 64.53% to 63.49%.
17. The account in respect of the three 4-6-0 locomotives, purchased by the Hong Kong Government on behalf of the Kwang Tung Provincial Government, was fully liquidated on April 30th, and these engines were handed over to the Chinese Section for operation on May 1st.
May 1st. Revenue was affected con- siderably by the change, foreign haulage receipts slumping from $289,641.32 to $132,482.78.
18. The track on both Sections was well maintained, and enabled the overall timing of the express trains to be reduced to 2 hours 55 minutes including an additional stop in Chinese territory,
19. The total steam train mileage run amounted to 334,674, compared with 500,887 the previous year; this includes trains hauled by British Section locomotives over the Chinese Section. Motor coach mileage was 5,621. Passenger journeys were 2,826,867, as against 2,799,352 in 1935, the advance being due to an increase of 180,487 in through carryings.
20. The most noteworthy improvement of the year was the conversion of one of the two motor coaches into a streamlined luxury parlour observation railcar named the "Taipo Belle". This car was operated as a separate unit during week-ends, and attached to the rear of ordinary local trains on other days. It has proved to be extremely popular with the public and, in consequence, the second motor coach is undergoing similar reconstruction.
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