1960-1961 — Page 10

26. Fares and Rates. There was no revision in fares in general during the year, but certain goods rates were revised downwards with effect from 1st April, 1960.

27. Charges for the running of special trains at the request of passengers or goods owners were also revised. Passengers or goods owners have now to pay the normal fares or goods rates in addition to the special train charges.

28. The charge for the issue of a duplicate ticket in replacement of a lost monthly, season or scholar ticket was raised from $2 to $5 on 1st November, 1960.

29. Accidents. It is a pleasure to report that there were no major railway accidents during the period under review. Minor accidents were as follows:

Trespassers injured by trains ...

Passengers sustained injuries by jumping off trains

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A male coolie of a P.W.D. contractor killed by ballast train Labour contractor's coolie injured by train

Staff injured in execution of duty

Point split by train

Collision of a running engine with a passenger coach

ACCOUNTS

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30. The Operating Account showed a surplus of $5,345,923.07 for the year-$803,906.62 more than the year before. Operating Revenue at $9,672,524.57 was $1,034,357.42 more than the previous year. Operat- ing Expenditure at $4,326,601.50 was $230,450.80 more than the previous year. The ratio of expenditure to revenue was 44.73% as against 47.42% last year, a decrease of 2.69%.

31. Passenger revenue totalled $5,676,763.85 an increase of $435,960.62 compared with the previous year while goods revenue totalled $2,116,040.60 an increase of $510,283.70 over the previous year.

32. The Profit and Loss Account showed a net profit of $3,619,690.95-a figure $950,829.03 more than the previous year. The total surplus carried forward in the Balance Sheet now amounts to $4.011,601.26 after Amortization of Special Expenditure by $3,000,000.00 during the year.

33. Capital outlay on additions and improvements amounted to $1,240,555.30. The main items were $595,617.54 for rails and fastenings, $255,444.64 for conversion of three wooden coaches to steel and

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