CO129-520-6 Railway development- Canton-Kowloon Railway 5-11-1929 - 5-11-1930 — Page 169

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In addition to the above queation of settlement ratio

for the through traffic secounts between the British and Chinese

sections also requires to be dealt with. The Chinese 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 re-

ceipts gives sixty-five per cent to the Chinese and thirty-five

percent to the British I

therefore a rearrangement giving a higher

ratio to the Chiness is quite justifiable sa voll as 18GRABATT.

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 soon from the state-

ments 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 ourrent year by a further sum of $656,651.86, bringing the to-

tal at the end of the year to $3,427,311.74, to meet which the has presently no resources. In addition to this sum the railway

rai Iway/ requires, for the reasons explained above, to be put in a

position to finance the following 3-

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 in-

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

suggestions made in this report are carried out. The following is

the estimate :-

Present/