CO129-519-6 Development of railways proposed by Chinese Government 7-9-1929 - 17-1-1930 — Page 37

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In addition to the above the question of settlemont

ratio for the through traffic accounts between the British and

Chinese sections also requires to be dealt with. The Chines e

section has a length of eighty-nine miles, while the British

section measures twenty-two miles. of the total of one hundred

and eleven miles, the Chinese section represents 80.2% and the

British section 19.8%. But the present appropriation of the

through traffic receipts gives sixty-five per cent to the

Chinese and thirty-five per cent to the British; therefore a

rearrangement giving a higher ratio to the Chinese is quite

Justifiable as well as necessary. The Chinese section should

get eighty or at least seventy-five per cent.

Rehabilitation of the railway and development of its

traffic is a question of finance. As will be seen from the

statements above, the working liabilities of the railway at the

end of 1928 amounted to $2,770,659.88 and this will be increased

during the current year by a further sum of $656,651.86, bringing

the total at the end of the year to $3,427,311.74, to meet

which the railway has presently no resources. In addition to

this sum, the railway requires, for the reasons explained above,

to be put in a position to finance the following:

Renewal of sleepers

Purchase of Carriages

$360,000.00

$300,000.00

Its total financial requirements are therefore approximately

four million dollars.

It is estimated that the railway's revenue can be

increased to approximately $8430 per day, if the improvements and

suggestions made in this report are carried out. The following

9.