CO129-554-1 Loans for public works 13-3-1935 - 30-11-1935 — Page 36

KOWLOON-CANTON RAILWAY (1935 ESTIMATES).

Gross Receipts

$1,692,900

35 END

Less Working Expenses

1,024,523

Net Profits

$668,377

Proportion (on $3,864,943) of

Interest on 3 Dollar Loan

Redemption of Bonds (3% Dollar

Loan)

$135,273

154,598

Total

$289,871

Railway earnings assessable

$378,506

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Old system of calculation.

Gross Receipts

$1,692,900

Less Working Expenses

$1,024,523

Interest at 3% on Inscribed

Stock Issue of 1906. £40,038

Sinking Fund at 1% on

Inscribed Stock Issue

of 1906.

£11,440

£51,478

772,170

$1,796,693

$ 103,793.

£51,478 @ 1s/4d.

Deficit.