Referring to the future schemes the two railways, Dr. Wu stated that the doublesracking of the NS.R. from Shanghai North to Nansiang is now being planned and it is hoped the actual work will be started during the present year, The present conditions of the operation of the two railways were then dealt with by Dr. Wu, He said:
where is actual improvement in the operation of our two railways in resent year. The total passenger and freight earnings of our two railways from January to August is about $13,700,000; comparing this with the figures for the same period of the previous year, there is an Increase' of about $1,500,000 in ings. The ability of the two railways Increase in their earnings during the present period of general depression is due to. the excellent efforts and ce-operations of the entire ihe total expenditures of the two railways for the previous year represented more than 70 per cent. of their total earnings. For the present year, it is estimated that the total expenditures will be under 70 per cent. of the total earnings. From this it will be seen that great efforts have been made to increase our earnings and economize our expenditures and that such efforts have been met with certain amount of success.
Text read from the printed page and cleaned; old type leaves the occasional error.