The Wealth and Progress of New South Wales Volume 2

The Wealth and Progress of New South Wales Volume 2

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1896 edition. Excerpt: ...cent, of the total railway earnings: --The net revenue for the year which expired on the 30th June, 1895, was 1,310,615, while the total amount of capital expended on lines in operation to the same period was 36,611,366. The net return on the capital expended equalled 3-6 percent., which is the most satisfactory return obtained since 1884, and only 0"19 per cent, below the average interest payable on the public debt. The following table shows the net earnings and the interest returned on the total capital expended on railways, including the cost of both construction and equipment, for the year 1855 and subsequent periods: --Two important facts which demonstrate the financial position of the railways and the character of the management are the earnings per train mile and per average mile open. Although the returns now being realised cannot be compared with those of 1875, when the net earnings per train mile fell little short of 52d., and per mile open 775, the present earnings are in every way encouraging. Under the control of the Commissioners the net return per train mile has increased from 27-4d. to 41-4d., or 51-1 per cent.; while per mile of line open for traffic the advance has been from 374 to close on 521, or 39-3 per cent. The following table gives details of the net earnings since 1860: --Passenger Traffic. The number of journeys made by each person in the Colony now averages 15-8 per annum, as against 7-5 in 1880 and 1-6 in 1870. The increase has been exceedingly rapid as well as fairly uniform, as will be seen from the following table: --PASSENGER TRAFFIC OF RAILWAYS. 725 The figures just given include journeys of season-ticket holders; excluding this traffic, the number of journeys per head would be...show more

Product details

  • Paperback | 172 pages
  • 189 x 246 x 9mm | 318g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236619765
  • 9781236619761