Gross, 38,473 52,300 Loss by Exchange... 6,215 11,300 addition of freights and duties to costs of rails, wires, electrical equips etc. Our low receipts per car mi due maloly to loss by Exchange, and to much ower fares than at Home Net csseeeees832,258 41,000
Passengers...886,279 1,209,587
(aecessitaped by competition with cheap ricshas}, and partly also to the conditions which compelled in Shang! narrow gauge track acd single deck cars the carrying capacity of which is comparatively small, PARKS AND SUBSIDIARY COINAGE Loss, "Independent" states, "The love by subsidiary coinage has bea met twice by revision of fares, bat if the! fares were raised three times over we should still hear of loss by subsidiary Independent"—has apparently omitted to perus the Company's statement on this matter on pages 34 and 35 of the Manicipal Gazette ut Febraacy 5. This statement which represents: the facts of the case, is repeated as follows Reference may be made here to ao which apy that anoil lave represented yo increases which inay be regarded ax important concessions granted to the matter age charge the passengers is now leas than it would be under the concession fares, assuming these fares could ican cents. To rely These Gga: es, although indicating materia! improvement and justifying the revisions, are, of course, a very long way short of the traffic necessary to put the undertaking on a remunerative basis, but it is recognized that the fares now in operation are the moat suitable for existing conditions.
The foregoing shows that it is quite possible, under present conditions, to rercomne the lusa by exchange, Whereas, when the concession was granted copper coins circulated at premium and wheres when Tramways started the loss mas only 10.76 per cent on cash collected has now risen to 246 +h is equal to $11,300 per The net receipt per passenger ix now only 3.39 cents as compared with 3.66 cents which the concession scale of fares would have yielded in December 1908 had it been possible to collect these farvs in Mex. conte, The lose by change of $11,390 per month is eq to $135,600 por annum, which if wiped *Jout would be more than safficieat to protide for fall Depreciation, and there absolutely no doubt that if we bad a and ard currency the present fares could be easily obtained as the loss by exchange on euch 10 rash pirce is 80 pprebension as to what.he altera-14 of sections and fares have really mea in the aggregate it is deemed advisable to give the following actual figares. The net receipts for December 1908 were $32,257 Mex. equal t" 3.64 cents per passenger with the original fares of 5 cents per section 14t class and 3, 6, 7 and 9 cents 2ud class for 1, 2, 3 and 4 sections respectively. Had it been possible to collect the revenue in Mexican cents in accordance with the concession scale, the net receipts would have been $32,480 for that mouth equal to 3.66 cents per passenger, showing that the preliminary twodification of 2ud class fures sanctioned by the Council at the opening of the Tramways yielded rather less than would have Leen derived from the concession fares had it been possible to collect these in Mexican coats without loss by exchange. The revisions! that have taken place daring 1909 hare involved complete readjustment of sections and fares, Lst class fares being THE TOWNING OF THR OARS, Monasticus," "Rand " Dis-granted" bare made'complaints against the sufficiency and regularity of the and "Independent present lying idle which could be well employed on lines and at times of already crowded traffic."
Lhave known of being made reger: Largest sod best Tramway services in the world.
The Company would be very glad to be able to increase the service, but the present number of cars is more than fully employed. It is interesting, however, to note that our present se is wuch more frequent than that given fon the seven Home Systems already referred to. On these systems (which get practically all the traffic there is carry) there is ran an average of slightly over 55,000 car miles per mile lof single track' per annum. On the Original frory
Text read from the printed page and cleaned; old type leaves the occasional error.