1965-1966 — Page 11

27. Fares and Rates. There was no revision of fares and goods rates in general during the year.

28. Accidents. The following railway accidents occurred during the period under review.

Trespassers injured by trains

Trespassers killed by trains

Passengers injured by trains

Passenger killed by train

Staff injured while in execution of duties

Derailment of empty train stock

ACCOUNTS

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3

12

1

1

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29. The Gross Operating Profit for the year was $6,087,588 repre- senting an increase of 8.91% as compared with the figure of $5,589,323 in the previous year. This was due to an increase in Gross Operating Receipts Passenger Traffic Receipts increasing by 8.41% i.e., from $6,876,856 in 1964-65 to $7,455,399 in 1965-66 and Goods Traffic Receipts increasing by 23.92% i.e., from $5,679,801 in 1964-65 to $7,038,352 in 1965-66. The Nett Profit transferred to the Appropriation Account at $3,673,108 was $658,069 higher than the figure of $3,015,039 for the previous year.

30. The major increases in Fixed Assets include expenditure of $146,497 for widening of embankment (Land and Formation), $72,211 for construction of an open concrete drainage channel (Line Protection), and $423,202 for construction of a new station at Lo Wu ($301,899 less $45,000 being estimated value of old Lo Wu Station demolished), new shelters at Fanling Station ($109,631) and a new footbridge at Tai Po Market Station ($56,672).

31. The asset 'Land and Formation' stands in the Balance Sheet at a book value of $8,146,205 only, a figure which is considerably below the current market value of the land held under private treaty grant for railway use. No charge for the use of land is borne by the Railway Accounts.

32. The Accounts and supporting data are published in Appendices I to V to this report.

MECHANICAL WORKSHOPS

33. During the year all locomotives, rolling stock, electrical and mechanical equipment, machinery and plant were maintained in an efficient state.

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