=)

12 Geo. 5 IENGINEERING AND Economic FEATURES. R

E.—EQUIPMENT, REVENUE, AND TRAFFIC EXPENSES.

The rolling-stock consists of twelve locomotives very well assorted for this class of road.
The heaviest are about up to the limit that the standard of construction will admit.

' There are two gas-electrie cars and two gas-motor cars operating out of North Vancouver.
There are twelve passenger, one combination, and two baggage cars in passenger service. In
freight service there are 258 cars of various types. There are sixty-eight cars in company service;
the majority of these cars are for construction purposes. The management claims that the
present equipment is sufficient for operation as far as Quesnel, but that if they put the line
under operation between Quesnel and Fort George they would require at least to spend $1,500,000
in new equipment. My opinion is that, if new business sufficient to justify the completion of the
line to Fort George would develop, this estimate is too low.

REVENUE AND EXPENSES. t

During the year 1921 the Pacific Great Eastern Railway carried 15,290 passengers for a
total of 1,462,ST1 passenger-miles; total receipts from this business, $63,SS9.87, or at the rate of
$0.043 per passenger-mile. Passenger earnings per mile of road operated, $323.86.- During the
same year they handled 53,351 tons of freight for a total 4,634,231 ton-miles at a rate of $0,057
per ton-mile. Revenue per mile of road operated, $844.70.

Ayerage number of tonm-feet per loaded-car mile ..............2... 0000 5e 16.98
Average number of ton-feet per train-mile .................. 2. eee ee eee 89.26
Total operating revenue per mile of road ............ 02-22-0000 $1,076.458 00
Total operating expense per mile of road ...........-..-.--0 eee 2.239.033 00
Operating deficit per mile of road ...........0. 2... see eee 1,162,575 00
Total gross income from all sources ........-.... 22s ee eee eee ee 484.326 SS
Total gross corporate eXpenSes ...... 2... eee cece ee eee ee ees 2,689,205 14

INGE QoS LUE coached es danenssoohogusocsubooU SoenoS $2.204,8STS 26

This was charged :—

To interest during construction -...... 5... cee eee ewes $1,911,918 14
To operating loss during construction ..........-.-42 eee eee eee 292,965 12

On account of there being earned from rent of equipment in construction during the year,
$S8S,632. For the purpose of studying future prospects I have based my studies on the actual
loss shown in operating account; $368,542.02 as the actual loss or deficit in operating for the year.

F.— REVENUE NECESSARY TO PAY FIXED CHARGES AND OPERATING EXPENSES.

If the road is completed from North Vancouver to Prince George it will require to complete
and equip an additional $6,000,000 of new capital, and within the next ten years, to replace
wooden structures. another $8,000,000. Adding this to the present investment of $38.4388,950 will
give a total final investment of $52,488,950.23 for 470 miles of railway, or nearly $112,000 per mile

of road.
The interest charges Will be .......-.-.. eee eee ee ee eee eee eens $1,911,913 14
Plus 5 per cent. on $14,000,000 ... vette ee eee eee eee e teense ee ees 700.060 00

$2,611,913 14
Or over $5,500 per mile of road.

If only the Quesnel—Prince George gap be completed, then the new eapital would only be
$10,600,000, making a total of $48,438,950.23 for approximately 440 miles of road, or $110,600
per mile of road. The interest charges would be :—

Present interest Charges ...... 6.2 e eee eee eee eee eee ee eee teeters $1,911,913 14
Plus 5 per cent. on $10,000,000 .......--- eee eee eee teeter eee 500,000 00

‘

$2,411,913 14

Or nearly $5,500 per mile of road.