Account, at $1,451,798, was $711,323 higher than the figure of $740,475 for the previous year.
28. There has been no substantial increase of assets during the year other than expenditure of $583,364 for the installation of signals and switches and $244,458 for the platform awning and improvements to goods yard at Yau Ma Tei.
29. The asset 'Land & Formation' stands in the Balance Sheet at a book value of $7,999,708 only, a figure which is considerably below the current market value of the land under private treaty grant for railway use. No charge for the use of land is borne by the Railway Accounts.
30. The Accounts and supporting data are published in Appendices I to V to this report.
MECHANICAL WORKSHOPS
31. During the year all locomotives, rolling stock, electrical and mechanical equipment, machinery and plant were maintained in an efficient state.
32. Locomotives. During the year thirty-three 5,000 mile inspections, twenty-five 10,000 mile inspections and ten 30,000 mile inspections were performed on the eight diesel electric locomotives. The cylinder liners and pistons of locomotive No. 52 were renewed and the old liners were rebored for fitting into other locomotives with oversized pistons.
33. The availability of the diesel electric locomotives for the year was 86.70% which is 3.69% higher than the previous year. Every effort was made to shorten the time taken for routine inspections and running repair of locomotives so that greater availability was achieved to meet the increased volume of traffic.
34. The maintenance cost of the diesel electric locomotive dropped considerably from $0.404 to $0.358 per km. The decrease was attributable to the lower cost of part replacement in the period under review.
35. Carriages and Wagons. In addition to routine maintenance, the following major works were done on carriages and wagons:
(a) Carriages Nos. 107, 108, 203, 206, 207, 208, 300, 301, 303, 305, 309, 312, 313, 314, 320, 321, 328 and 332 were overhauled and painted. Carriage No. 329 was painted.
(b) Thirty-four wagons were overhauled and painted.
36. Work done for other Government Departments. A considerable amount of work was done for other departments of Government. The
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