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Revenue Expenditure.
10.
Revenue Expenditure shall be divided into
Ordinary and extraordinary.
(a). Subject to the provisions of Article 13 Ordinary
Revenue Expenditure shall include all expenses
in respect of Staff, Executive and Administrative
together with the working and upkeep of Way and
Works, minor rail renewals, rolling stock, train
lighting and other charges as defined in the Code
of Procedure and included in the Estimates and
Accounts of Revenue Expenditure. Ordinary Revenue
Expenditure shall further include the cost of
new minor works on which less than a thousand
dollars is expended.
(b). Subject to the provisions of article 13 Extra-
-ordinary Revenue Expenditure shall include the
cost of renewals of rolling stock, girders,
rails, sleepers, turntables, weigh bridges and
equipment, alterations in sites and structures,
rebuilding of collapsed Bridges, except as here-
-inafter provided for, and the clearing away of
slips and washaways which cost more than $3,000.
Gross Receipts.
11.
Gross Receipts shall include all earnings
due to transportation of passengers and merchandize and the
carriage of mails, but shall not include any toll or rent for
such part of any works built by the Railway during the construc-
-tion thereof as is not included in the Capital Account thereof
The toll or rent for any such works, which have not been taken
into consideration in defining capital cost with a view to
assessment of constructive rates as defined in article 18 of
direct
this Agreement shall be aforedit to the Section concerned.
But,
No comments yet.
Private notes are available after approval.