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RECEIPTS.
108 ferry crossing per day, 4 vehicles carried per trip. Say 450 vehicles at
average fare of $2.00 per vehicle per trip
900.00
30 first class passengers on 108 trips. Say 3,000 first class passengers at 10
cents per trip
300.00
20 third class passengers on 108 trips. Say 2,000 third class passengers at
5 cents per trip
100.00
Total revenue from traffic per day
$ 1,300.00
Total revenue from traffic per annum: 365 days x $1,300.00......$474,500.00
Rent of 40 sites for garages at $100 each
Total revenue per annum
4.000.00
$479,500.00
ANNUAL EXPENDITURE.
Cost of operating and maintaining 3 ferry boats
$128,000
Crews
17,000
Salaries of clerical staff, inspectors, lift attendants, coolies and
seamen
15,000
Depreciation of ferry boats 71% -$750,000.00 (estimated cost). Maintenance of piers and ferry buildings, &c.
56,250
16,000
Depreciation of piers and buildings and sea walls, 3% of $1,000,000
(estimated cost)
30,000
Total expenditure including depreciation
$262,250.00
Nett Revenue per annum
$216,250.00
On 21st March, 1927, Government addressed the Hong Kong General Chamber of Commerce regarding the proposed vehicular ferry installation and invited comments on the above statement of revenue and expenditure, more particularly in regard to the estimated volume of traffic using the service.
The reply received from the Chamber of Commerce on 8th April, 1927, contained the following observations, which were framed on the assumption that the proposed ser- vice was to operate between the neighbourhood of the Central Market on Hong Kong side and Jordan Road in Kowloon :-
(a) "A twenty minute service with three boats running continuously for 18 hours is regarded as impracticable, and allowance must be made for periodi- cal overhaul. It is not thought that 2 boats could maintain a 20 minute schedule with cars to load and unload".
In this connection, it has been ascertained that at Vancouver, two ferry boats capable of carrying 18 vehicles each, maintain a 20 minute service across Burrard Inlet, a distance of two miles.
(b) Sets out details of vehicles transported during January 1927, viz. :—
403 cars, 9 lorries and about 200 motor cycles and side cars, and adds
"It would seem therefore that, to start with, an hourly service would meet the needs on week days, and a half-hourly service on Sundays and holidays except during the busy hours (8 a.m.-10 a.m:: 12 noon-2 p.m. and 5 p.m. to 7 p.m.) when a 20 minute service should be instituted.
No comments yet.
Private notes are available after approval.