EXPLANATION.
55
The expenditure has been estimated in excess of what it
should be if the Company is operated in the most economical man-
ner, and although the fares are considerably in excess of sur face
transport fares, they are very low when the considerable saving
of time is considered.
In fact in certain cases the passenger can make an
actual cash saving by making use of the Air Routes.
During the first two or three years it is unreasonable
to suppose that full loads will be carriel, but as soon as the
'Public' become air-minded there is no reason why full loads
should not be obtained.
The sooner the Company can extend it's services and
employ more machines the sooner will it be able to operate with-
out assistance from any Government, this point is illustrated in
the following figures which assume that two return journeys are
made to Shanghai instead of one, in each weck.
The actual extra operational costs for this extra
service being:
Insurance and Depreciation on Canberra
No.4 (an extra Machine) at 20 p.c.
Pay for two extra Pilots at $7,000.00
per annum each.
Bonus pay for 300 hours at $5.00 per Hr.
Petrol and Cil for 1300 hours at $26.00
per hour.
Interest on extra capital for extra
Canberra at 5 p.c. on $63,000.00
TOTAL EXTRA OPERATION COSTS
If the income for this M/c. is estimated on the sane lines as Canberra No.II
it would be
Less Expenditure
PROFIT
$133,384.00
$ 65,050.00
$68.530.00
$12,600.00
$14,000.00
$ 1,500.00
633,800.00
$ 3,150.00
$65,050.00
In view of these facts it is of the utmost importance
that every effort should be made to increase the work of the
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