1937-08-17 — Page 3

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INDIA'S RAILWAYS

Construction Almost At

A Standstill

IMPORTANT SCHEME

JAMALPUR

AT

The Ladian Railways in 1935-36 may be said to have been on a dead centre. On the one hand, though the tide was showing signs of turning, six years of trade depression still exercised "a cramping control on' development' of all kinds; on" the other the “shadow of the approaching inauguration of Federsi Government, with its inevitable remodelling of the central Railway Admini tration, has lately made any serious modification of existing methods waste of time and energy.

|

TIN STATISTICS

OF F.M.S.

Figures For First Half Of 1937

The total value of tin ore pro- duced in the four States of the Federation for the half-year ended Jupe was $70,491,922. The total cutput was 812,768 piküls of ore; 486,861 pikuls were produced by European owned and worked mines; 84,959 pikuls by European- owned. mines, sub-leased to, and worked by, Chinese: and the bal- ance of 280,948 pikuls by mines owned and worked by Chinese.

For the corresponding period of last year the total production was, 881,236 pikuks.

Labour employed in: January

Recently the report of Sir Ralph at Jhansi (Great Indian Pen-totalled 78.103; in February 77,198; Wedgwood's Committee was issued ↑ Insula), are both about half- to India, and this naturally also envisage 'numerous important changes, which we shall hope to discuss later. In the meantime, it may be stated that the Report of The Jamalpur scheme is a very the Railway Board for the year important one, as not only will it 1935-38, that is the year ending pat these shops in a position to March 31. 1936, is mainly of rou-deal with the heaviest locomotives tine interest.

frilshed, and a new traffic yard in March 78,017; in April 79.974: to be provided at Khan Alampura, in May 82,271; and in June 85,678. where the East Indian hands over

DREDGES to the North Western.

At the end of June, there were 84 dredges working; three, dredges under construction; three dredges on order and 22 dredges closed down.

When the dredges under on the East Indian, which at pre-construction and on order are sent have to be sent much farther completed the dredging capacity to the maller shops at Lucknow. of all dredges will be 19,277,800 but its site, in a district where la-cubic yards per month. Of the bour is cheap, within relatively total dredges, 83 use electric power easy reach of the Bengal coalfields and 59 steam power; "52. dredges and of the Tata steels works, use boxes as a method of concen- make it a likely centre for locomo- tration and 70 dredges use jigs. tive building, the commencement The total authorised capital of of which is continually the ob-registered tin-mining companies, Ject of political pressure in the local, British and foreign, is $192, Assembly.

413,111 and the total issued capl-

is $157,879,668.

It is now twelve years since the pances of the railways were se- parated from the General Budget of the country, a step which en-.. sured that rallway maintenance, would be the first charge ou rail- way revenues. The arrangement then laid down that the surplus which remained after paying de- preciation and capital charges, should contribute in the first place | 1 per cent on the capital and a

In this connection it is interest- definite proportion of anything Ing to notice that the shops at over that amount to general re- į Tatanagar, also under the admin- venues, while the balance went to forma a railway reserve, worked very well in the years of prosperity that followed

Then in 1931-32 came the trade slump, and since that time there has been no surplus to divide. while the reserve quickly disad peared and the arrangement that the 1 percent, for the

general revenues if not paid should become

•first charge on the following year's surplus, has resulted in a steadily accumulating debt, which now amounts to some £19,000,000.

43,000 MILES OF LINE

Yet, although in 1935-36 the carnings ware not sutilcient to pay in full the required 4 per cent. on the capital at charge, the position of the railways might well move less fortunate systems to envy, An administration controlling 43,000 miles of line, with a capital of ap- proximately £592,000,000 worked at a cost equivalent to 72 per cent. of the gross receipts, has certainly nothing to be ashamed of in these days,' particularly as the working cost includes a large contribution to the depreciation fund, a con- tribution fixed for the year at one-sixtieth of the capital at charge or. in other words, just under 10 millions,

It is due to this that the interest could not be paid in full from re- venue, but actually no JORS Was involved as the amount of the de- fcit, about 3,000,000, was taken from the depreciation fund; which really means that the net payment to that fund was 7 millions in- stead of 10 millioris, and as about that amount was spent from the fund during" the year on replice- ments and renewals, the balance therein actually increased by a. very small amount. On the other hand, the sum borrowed from the fund during the six years of de- pression has now grown to about 24 millions, in addition to the 19 millions already mentioned as owing to general revenues trum non-existent surpluses. It seems likely that the new Federal scheme will wipe out these obligations, in- curred through a too 'optimistic view of the future.

ALMUST AT STANDSTILL

In these circumstances it is hardly surprising that railway Construction is almost at a "stand- till A mile and a half of broad and 109 miles of metre-gauge were, opened during the year, and a further 83 miles of metre gauKO was under construction...

One important bridge over the Nerbudda near Bronchon" the Bombay, Baroda and Central în- dia, was replaced by a modern double-line strutture, and the re placement of another over the Meghna in Assim was taken in hand. A further 16 miles of the system named in the Bombay area, is to be electrified, extending electrification as far as Virar, 39 miles from Bombay.

The remodelling of the locomo live workshops in Jamalpur for the East Iridian' Railway) Fand of the carriage and wagon workshops

The total domestic assessment, based on a true assay value of istration of the ELR which have 7.5 per cent tin-in-are is 95,703 now been closed for some years tons of tin, compared with an in- for lack of work, have been re-ternational assessment of 71,940 opened and are again fubricating tons. | coaching underframes.

The total amount collected by

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