South Africa and the Transvaal war . Profits. ;^2,903,516, OS. 5d. ;^i,197,841, i8s. 8d. ^1,705,674, is. gd. The profits of this railway in this year equalled 59 per cent, of thetotal earnings. In 1901, notwithstanding the state of war, the Cape GovernmentRailways showed— Total Earnings. Total Expenses. Profits. ^3,852,871. ;^2,875,57i. £9113°°- Equal to £4, 8s. 4d. per cent, on the then capital of/^22, i 25, VIII. 145 K South Africa and its Future In the same year the Natal Railways showed- Earnings. Total Expenses.^1,159,026, 7s. 9d. Profits.^^491,328, 17s. 7d. Equal to ^5, 15s. 2^d.
South Africa and the Transvaal war . Profits. ;^2,903,516, OS. 5d. ;^i,197,841, i8s. 8d. ^1,705,674, is. gd. The profits of this railway in this year equalled 59 per cent, of thetotal earnings. In 1901, notwithstanding the state of war, the Cape GovernmentRailways showed— Total Earnings. Total Expenses. Profits. ^3,852,871. ;^2,875,57i. £9113°°- Equal to £4, 8s. 4d. per cent, on the then capital of/^22, i 25, VIII. 145 K South Africa and its Future In the same year the Natal Railways showed- Earnings. Total Expenses.^1,159,026, 7s. 9d. Profits.^^491,328, 17s. 7d. Equal to ^5, 15s. 2^d. per cent, on the capital of j^8,528,989. Included in the Natal Railway expenses is the sum of ;^ on permanent work that should have been charged tocapital, which, if added to the profits as it should be, would make anactual profit for the year of ;^65o,656, 17s. yd. There are no returnsavailable to show the result of working the Central South AfricanRailways, formerly the Imperial Military Railways, during the. Station Yard, Durban(The Tower of the Town Hall is seen in the background) period of the war. Nor are there any available now, but con-sidering the past results and the great volume of present traffic, andthe maintenance of the old high rates for freight and passengerfares, it may be estimated that the earnings of the Central SouthAfrican Railways in the Transvaal and the Orange River Colonywill probably be between ^T5,500,000 and ;^6,ooo,ooo, and the profitsbetween ;^2,500,000 and _^3,000,000, a very important item in therevenues of the two new colonies. In comparison with other railways in the British Empire theSouth African railways hold an important position as regardsmileage, and the average earnings per mile are more than double 146 South African Railways the average earnings of several iniportanL ccjlonial and Indianrailways. The combined earnings of all South African railwaysworking 5000 miles may be taken at ;^ 11,000,000 for the
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