AnnualReport-1937 — Page 790

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S 17

III.--ACCOUNTS.

1.--General.

53. The Capital Account now stands at $20,476,703.51, having been increased by $14,364.21 during the year.

54. The net operating revenue for the year was $436,935.30 and, after making provision for all interest charges, the net surplus was $339,894.52. This sum has been applied to the reduction of the accumulated deficits brought forward from previous years. The total accumulated deficits at the close of the year was $7,590,977.98.

55. The working results for the past five years are as under:-

| Year | Net Operating Revenue | Gross Operating Receipts | Expenses | | --- | --- | --- | --- | | 1933 | 711,052.42 | 1,630,610.83 | 919,558.41 | | 1934 Actual | 696,604.41 | 1,639,775.07 | 943,170.66 | | [Weighted Actual] | | | | | 1935 | 500,654.48 | 1,411,087.76 | 911,020.25 | | Weighted | 601,385.01 | 1,512,405.26 | | | 1936 Actual | 454,733.00 | 1,245,469.16 | 790,736.16 | | | 571,706.16 | 1,362,442.32 | | | 1937 | 436,935.30 | 1,331,468.73 | 894,533.43 | | Weighted Actual | 572,039.30 | 1,466,572.73 | |

The weighted figures, which are included for comparison, are based on a 35% apportionment of terminal through receipts, which was the British Section's share prior to October 1st, 1934. As a proportion of the operating expenses are dependent on the sterling exchange value of the dollar, the expenditure figures cannot be regarded as truly comparative.

56. Receipts and expenditure under the most important heads are given below and compared with Estimates for the year and Actuals for the preceding year:

| Operating Receipts | 1936 Actuals ($) | 1937 Estimates ($) | 1937 Actuals ($) | | --- | --- | --- | --- | | R-1 Passenger Service, Through | 613,285 | 570,000 | 568,972 | | R-1 Passenger Service, Local | 412,443 | 345,000 | 297,412 | | R-3 Goods Service, Through | | | 43,477 | | R-3 Goods Service, Local | 161,409 | 41,000 | 13,714 | | R-7 Profit on Central Mechanical Works | 17,597 | 12,500 | 17,252 | | R-8 Rents | 150 | | 12,786 | | R-9 Incidental Revenue | 15,988 | 9,300 | 58,522 | | R-10 Foreign Train Haulage | 46,612 | 39,000 | 50,953 | | | 132,483 | 72,400 | 92,606 |

+ This figure was revised to $259,000 in October 1936 when the effect of the closure of Shum Chun Casino could be gauged.

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S 17 III.--ACCOUNTS. 1.--General. 53. The Capital Account now stands at $20,476,703.51, having been increased by $14,364.21 during the year. 54. The net operating revenue for the year was $436,935.30 and, after making provision for all interest charges, the net surplus was $339,894.52. This sum has been applied to the reduction of the accumulated deficits brought forward from previous years. The total accumulated deficits at the close of the year was $7,590,977.98. 55. The working results for the past five years are as under:- | Year | Net Operating Revenue | Gross Operating Receipts | Expenses | | --- | --- | --- | --- | | 1933 | 711,052.42 | 1,630,610.83 | 919,558.41 | | 1934 Actual | 696,604.41 | 1,639,775.07 | 943,170.66 | | [Weighted Actual] | | | | | 1935 | 500,654.48 | 1,411,087.76 | 911,020.25 | | Weighted | 601,385.01 | 1,512,405.26 | | | 1936 Actual | 454,733.00 | 1,245,469.16 | 790,736.16 | | | 571,706.16 | 1,362,442.32 | | | 1937 | 436,935.30 | 1,331,468.73 | 894,533.43 | | Weighted Actual | 572,039.30 | 1,466,572.73 | | The weighted figures, which are included for comparison, are based on a 35% apportionment of terminal through receipts, which was the British Section's share prior to October 1st, 1934. As a proportion of the operating expenses are dependent on the sterling exchange value of the dollar, the expenditure figures cannot be regarded as truly comparative. 56. Receipts and expenditure under the most important heads are given below and compared with Estimates for the year and Actuals for the preceding year: | Operating Receipts | 1936 Actuals ($) | 1937 Estimates ($) | 1937 Actuals ($) | | --- | --- | --- | --- | | R-1 Passenger Service, Through | 613,285 | 570,000 | 568,972 | | R-1 Passenger Service, Local | 412,443 | 345,000 | 297,412 | | R-3 Goods Service, Through | | | 43,477 | | R-3 Goods Service, Local | 161,409 | 41,000 | 13,714 | | R-7 Profit on Central Mechanical Works | 17,597 | 12,500 | 17,252 | | R-8 Rents | 150 | | 12,786 | | R-9 Incidental Revenue | 15,988 | 9,300 | 58,522 | | R-10 Foreign Train Haulage | 46,612 | 39,000 | 50,953 | | | 132,483 | 72,400 | 92,606 | + This figure was revised to $259,000 in October 1936 when the effect of the closure of Shum Chun Casino could be gauged.
Baseline (Original)
S 17 III.-ACCOUNTS. 1.--General. 53. The Capital Account now stands at $20,476,703.51, having been increased by $14,364.21 during the year. 54. The net operating revenue for the year was $436,935.30 and, after making provision for all interest charges, the net surplus was $339,894.52. This sum has been applied to the reduction of the accumulated deficits brought forward from previous years. The total accumulated deficits at the close of the year was $7,590,977.98. 55. The working results for the past five years are as under:- Year 1933 1934 Actual [Weighted Actual 1935 Weighted Actual 1936 1937 Weighted Actual Weighted Net Operating Revenue. $ $ Gross Operating Receipts. Expenses. 1,630,610.83 919,558.41 711,052.42 1,639,775.07 943,170.66 696,604.41 1,671,087.76 727,917.10 1,411,087.76 911,020.25 500,654.48 1,512,405.26 601,385.01 1,245,469.16 790,736.16 454,733.00 1,362,442.32 571,706.16 1,331,468.73 894,533.43 436,935.30 1,466,572.73 572,039.30 The weighted figures, which are included for comparison, are based on a 35% apportionment of terminal through receipts, which was the British Section's share prior to October 1st, 1934. As a proportion of the operating expenses are dependent on the sterling exchange value of the dollar, the expenditure figures cannot be regarded as truly comparative. 56. Receipts and expenditure under the most important heads are given below and compared with Estimates for the year and Actuals for the preceding year: Operating Receipts. Heads. 1937. $3 Actuals Estimates Actuals 1936. $ 1937. $ R-1 Passenger Service, Through. 568,972 570,000 613,285 R-1 Passenger Service, Local 412,443 345,000 R-3 Goods Service, Through R-3 Goods Service, Local R-7 Profit on Central Mechanical Works R-8 Rents R-9 Incidental Revenue R-10 Foreign Train Haulage 297,412 • 43,477 41,000 161,409 13,714 12,500 17,597 252 150 12,786 15,988 9,300 58,522 46,612 39,000 50,953 132,483 72,400 92,606 + This figure was revised to $259,000 in October 1936 when the effect of the closure of Shum Chun Casino could be gauged.
2026-05-10 07:29:58 · Baseline
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S 17

III.-ACCOUNTS.

1.--General.

53. The Capital Account now stands at $20,476,703.51, having been increased by $14,364.21 during the year.

54. The net operating revenue for the year was $436,935.30 and, after making provision for all interest charges, the net surplus was $339,894.52. This sum has been applied to the reduction of the accumulated deficits brought forward from previous years. The total accumulated deficits at the close of the year was $7,590,977.98.

55. The working results for the past five years are as under:-

Year

1933

1934 Actual

[Weighted

Actual

1935

Weighted

Actual

1936

1937

Weighted Actual Weighted

Net Operating

Revenue.

$

$

Gross Operating Receipts. Expenses.

1,630,610.83 919,558.41 711,052.42 1,639,775.07 943,170.66 696,604.41 1,671,087.76

727,917.10

1,411,087.76 911,020.25 500,654.48 1,512,405.26

601,385.01

1,245,469.16 790,736.16 454,733.00

1,362,442.32

571,706.16

1,331,468.73 894,533.43 436,935.30 1,466,572.73

572,039.30

The weighted figures, which are included for comparison, are based on a 35% apportionment of terminal through receipts, which was the British Section's share prior to October 1st, 1934. As a proportion of the operating expenses are dependent on the sterling exchange value of the dollar, the expenditure figures cannot be regarded as truly comparative.

56. Receipts and expenditure under the most important heads are given below and compared with Estimates for the year and Actuals for the preceding year:

Operating Receipts.

Heads.

1937.

$3

Actuals Estimates Actuals

1936. $

1937.

$

R-1 Passenger Service, Through. 568,972 570,000 613,285 R-1 Passenger Service, Local 412,443 345,000 R-3 Goods Service, Through

R-3 Goods Service, Local

R-7 Profit on Central Mechanical

Works

R-8 Rents

R-9

Incidental Revenue

R-10 Foreign Train Haulage

297,412

•

43,477 41,000

161,409

13,714 12,500

17,597

252

150

12,786

15,988

9,300

58,522

46,612

39,000

50,953

132,483 72,400 92,606

+ This figure was revised to $259,000 in October 1936 when the effect

of the closure of Shum Chun Casino could be gauged.

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