1957-1958 — Page 9

The following minor accidents occurred during the year:

Trespassers killed by trains

Trespassers injured by trains

Passengers killed by trains

Passengers injured by trains

Passenger died of heart disease at Kowloon Station

KUNNO

6

2

2

5

1

Staff injured in execution of duty

1

2

1

1

Derailments of shunting engines Derailment of coach while shunting

Collision of wagon with buffer stop while shunting

ACCOUNTS

27. The Operating Account showed a surplus of $3,875,725.40 for the year-a figure only $119,929.62 less than the year before. Operating revenue reached the figure of $8,067,072.98 which was $151,134.19 more than the previous year's figure, while operating expenditure, $4,191,347.58, was $271,063.81 more than that for the previous year. The ratio of expenditure to revenue was 51.96 per cent as against 49.52 per cent last year, an increase of 2.44 per cent.

28. Passenger revenue totalled

totalled $4,966,202.92, an increase of $151,432.65 over the previous year, while revenue from goods traffic which totalled $1,553,276.50 was $198,295.05 below the previous year's figure.

29. The Profit and Loss Account showed a net profit of $2,051,554.20, slightly exceeding that for the previous year. The total surplus carried forward in the Balance Sheet now amounts to $3,473,605.28 after an amortization of the Special Expenditure by $3,000,000.00 during the year.

30. Capital outlay on additions and betterments amounted to $1,921,582.23. The main items were for line protection, renewals of track and a final payment of $1,487,010.53 for rolling stock. Against this, the book value of realizations under the heading of property abandoned totalled $1,491,643.29. This included $1,428,814.20 for old rolling stock. The total book value of capital assets rose from $49,029,606.97 to $49,459,545.91 an increase of $429,938.94.

MECHANICAL WORKSHOPS

31. During the year, all mechanical equipment functioned well. Engine delay practically disappeared after the arrival of the fifth diesel electric locomotive on the 12th August, 1957 and all rolling stock gave very little trouble. Only one case of a hot axle box occurred. There

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