AnnualReport-1939 — Page 771

26. Receipts and Expenditure under the most important heads are given below and compared with the estimates for the year and actuals for the preceding year:—

Operating Receipts.

Heads Actuals 1938 Actuals 1939 Estimates 1939 R1 Passengers Service Local $480,495 $380,000 $648,164 R2 Passengers Service Other Local $5,849 $3,000 $12,535 R3 Goods Service, Local $26,228 $20,000 $39,260 R7 Profit on Central Mechanical Works... $61,331 $50,000 $6,504 R8 Rents $187,260 $100,000 $184,681 R9 Incidental Revenue $121,649 $48,000 $18,518

Operating Expenditure.

Heads Actuals 1938 Actuals 1939 Estimates 1939 $ $ $ $ $ E1 General Expenses 187,834 172,917 161,658 177,644 E2 Traffic Expenses 112,513 130,963 103,101 E3 Running Expenses E4 Maintenance of Equipment 337,678 352,737 212,623 241,948 195,914 E5 Maintenance of Way & Structures 118,818 147,092 144,116

27. Total savings amounting to $263,508.97, or 29.39% of the estimates, were effected on operating expenditure. This was due to the fact that the estimates were prepared before the closing of the line to through traffic and to unremitting efforts towards economy which were made throughout the year.

28. Trends of various railway activities are indicated below by comparing peak earnings with those of the current year :-

Source Earnings 1939 Peak earnings prior to 1939 Year obtained Passenger Traffic. Terminal Through $443,159 1937 Sectional Through $179,705 1937 Transit $17,136 1938 Local (all stations) $660,698 $704,183 1933 Local (Shum Chun only) $169,778 $138,167 1933 Local (all stations except Shum Chun) $490,920† $340,075 1938 Goods Traffic. Terminal Through Sectional Through Transit Local $413,599 1938 Miscellaneous. Rent and Incidentals $40,646† $31,031 1927 Foreign Train Haulage $203,199 1938 $289,641 $308,909 1935 $154,711 1938 $53,477 1938

29. All available storage space was leased out for the greater part of the year and, in consequence, $184,680.87 was earned from rentals.