1958-1959 — Page 10

24. Accidents. It is a pleasure to report that there were no major railway accidents during the period under review.

The following minor accidents occurred during the year:

Trespassers killed by trains (mostly suicide cases)

Trespassers injured by trains ...

Passengers injured by trains

Passengers found unconscious (no external injuries) after jumping

off moving trains

Staff injured in execution of duties

De-railments of light engines inside locomotive yard

Points split by train

Engine hit level crossing gate

ACCOUNTS

VA VO N

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6

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2

2

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25. The Operating Account showed a surplus of $4,151,794.00 for the year-a figure $276,068.60 more than the year before. Operating revenue was $7,758,589.07-a figure $308,483.91 less than the previous. year. Operating expenditure, $3,606,795.07, was $584.552.51 less than the previous year. The ratio of expenditure to revenue was 46.49% as against 51.96% last year, a decrease of 5.47%.

26. Passenger revenue totalled $4,500,878.44, a decrease of $465,324.48 compared with the previous year while goods revenue totalled $1,599,283.45, an increase of $46,006.95 over the previous year.

27. The Profit and Loss Account showed a net profit of $2,249,443.11-a figure $197,888.91 more than the previous year. The total surplus carried forward in the Balance Sheet now amounts to $3,723,048.39 after amortization of Special Expenditure by $2,000,000.00 during the year.

28. Capital outlay on additions and improvements amounted to $762,356.61, the main item of which was $584,283 for conversion of five wooden coaches to steel.

29. The book value of realizations under the heading of property abandoned totalled $14,118.35 which included $12,640 for old rails. The total book value of capital assets rose from $49,459,545.91 to $50,207,784.17 an increase of $748,238.26.

30. The accounts for the year, together with a summary of financial results for the past three years, are at Appendices I to V.

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