28. The entry into service of the two new diesel electric locomotives about half way through the year contributed largely to the reduced operating expenditure, but the full effect of the great economies expected of these locomotives will not be felt until next year when figures for a full year's working will be included in the accounts.
29. Prices of imported raw materials, spare parts, equip- ment and fuel continue to rise and it is only by exercising the strictest vigilance that it is possible to keep expenditure as commendably low at it is.
30. Passenger revenue shows an increase of $435,817.30, due mainly to the relaxation of controls over the number of persons entering and leaving China, while additional revenue from goods traffic accounts for an increase of $398,035.80 over the previous year.
31. For the first time since the year ending 31st March, 1951, the Profit and Loss Account records a net profit instead of a deficit, the amount being $248,458.13 which is included in the total surplus of $2,402,035.72 carried forward in the Balance Sheet.
32. Total investment assets on 31st March, 1956, amounted to $46,428,093.34 an increase over the
the previous year of $3,783,615.86 which is accounted for mainly by further pay- ments for rolling stock received during the year including payments on the diesel electric locomotives.
MECHANICAL WORKSHOPS
33. Locomotives. With the arrival of two G.M. diesel electric locomotives in August, repair work on steam locomotives was reduced as these two new locomotives worked about 75% of the mainline mileage of the Railway. During the year under review the only repairs done were medium repairs on locomo- tives Nos. 22, 28, 30 and shunting locomotive No. 3; locomotive No. 21 was given a heavy overhaul.
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