161
4
2. Two through passenger trains each way, stopping only at Shamchun and Sheklun, as a minimum at opening, to be increased as traffic develops.
Points to be Settled.
1. In the attached tables two sets of rates are proposed by the British section. Tables 3 and 4 show the rates which we put forward as being capable of competing with the steamers, and tables 1 and 2 those we agree to accept as maxima when the line first opens to traffic.
The tables also show the division of rates between the Chinese and British sections, and that this division of rates is not inequitable when regard is had to the cost per mile of the British and Chinese sections can be shown by the annexed example.
2. As at present the customs pier at Shamchun is nearer to Shamchun market- town than the Shamchun railway station, merchants prefer to send their goods to the customs pier and thence by junks to Hong Kong, in order to save coolie hire to the station. To enable us to compete with the junks we ask that a siding for loading goods be placed at Shamchun market-town itself. Waggons so loaded would then be shunted to the Shamchun railway station, where the goods will be examined by the Customs and scaled before before they start for Hong Kong.
As it will not pay to tranship goods from Chinese waggons to British at Shamchun railway station, it would be advisable for British waggons to be shunted to the siding at Shamehun market-town by the Chinese section, and rates shared in proportion to mileage from the siding to Hong Kong.
3. Passengers in all local trains to change at Shamchun; the timing of these trains to be arranged to suit the traffic exigencies of both sections.
4. Facilities in the way of sidings and platform accommodation for British local trains to be provided at Shamchun.
5. As the Chinese authorities decline to allow our engines to haul over their section, a Chinese engine must be in readiness at Shamchun to take on the express train from Hong Kong to Canton without delay.
5
RATES proposed by British Section.
Table 3.
Canton
to Shamchun,
Shamchun to Hong Kong.
Total.
Dul, c.
Dol. c.
Dol. c.
3rd class
0 42
28
2nd
1 20
0 80
0 70 2.00
>>
1st
3 00
40
6 00
31
3rd class
2nd 1st
:::
OON
Table 4.
Sheklung
to Shanuchun.
Shamchun to Hong Kong,
Total
Dol. c.
Dol. c.
Dol. c.
0
50
0 50
1 00
1 25
1 25
2 50
3 00
3 00
6 00
J938
J38
COMBINED Table maxima and minima proposed.
Canton to Houk Kong-
Table 1
Sheklung to Hong Kong--
Table 4
Canton to Hong Kong-
Table 3 Shelklung to Hong Kong-
Tuble 2
ai
Maxima.
Minina.
:
3rd class
2nd
1st
17
"7
RATES proposed by Chinese Section.
Table 1.
3rd class
2nd
12
1st
44
:::
:::
:::
:::
:::
Canton
Shamchun
to Shamchun. to Hong Kong.
Total.
Dol. c.
Dol. c.
Dol. c.
0 90
0 45
1 35
1 50
1
00
2 50
3 50
2 50
6 00
Table 2.
Sheklung
Shamchun
to Shamchun.to Hong Kong.
Total.
Capital cost of railway
Chinese Section.
British Section.
Dollars. 15,130,000
(as given by Mr. Chao Ching-hua}
Dollars. 10,588,000
(as given to Mr. Chao Ching-hua after de- ducting all the items set out in paragraph S of my letter of the 25th April).
3,000 passengers a-day, at 90 cents, 2,700 dollars, equals per
annum
3,000 passengers, at 43 cents (for 2 cents represents payment
to Ferry Company) equals per annum.. Working expenses
Net earnings
Return on capital
985,500
470,850
582,000*
207,000+
408,500
263,830
2.7 per cent.
2.5 per cent. outlay.
* Based on the supposition that the charges for supervision and administration on the Chinese section will be practically the same as on the British, owing to there being no joint working; while the other charges per mile for maintenance and working are calculated in proportion to the actuals on the British
Actuals for the British section.
section.
Enclosure 3 in No. 1.
Sir J. Jordan to Governor Sir F. Lugard.
Peking, June 15, 1911.
I HAVE the honour to acknowledge the receipt of your Excellency's Confidential despatch of the 27th May last in which you enumerate a variety of services which
Dol. c.
0 50
1 00
2
JR88
Dol. c.
0 50
1 00
00
2 50
J888
Dol, c.
1 00
2 00
Sir,
4 50
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