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THE RAILWAY INDUSTRY AND COMMERCE OF INDIA 189,<br />

to 1927 ,first, in regard to the "working expenses" in percentage<br />

of gross earnings, and secondly, in regard to "net<br />

earmn.gs " in percentage of capital at charge, as follows:<br />

Lines Working Expenses in Net Earnings<br />

p.c. of Gross Earnings in p.c. of Capital<br />

1921 1927 1921 1927<br />

A.B.R. 93·75 53'67 0·31 4·11<br />

B.N.W.R. 44·18 38'66 8·90 11·12<br />

B.N.R. 71'45 57·76 3·67 5·12<br />

B.B.C.I.R. 75·96 62·84 4·70 6·12<br />

Burma R. 69·76 61·25 4·72 6'08<br />

E.B.R. 85·06 (>5'32 [1'58 5·25<br />

E.I.R. 62·81 61·14 5·52 5·65<br />

G.I.P.R. 91'02 70·40 -1-31 3-99<br />

Jodhpur R. 70·56 64-08 6-24 7'24<br />

M.S.M.R. 69·98 54-90 4·63 6·67<br />

Nizam R. 46·73 36·68 8·67 9·11<br />

N.W.R. 92·29 69·73 0·97 4·02<br />

R.K.R. 55·85 49·31 7-19 7·88<br />

S.LR. 72·27 54·17 5·16 8·13<br />

Fourteen Rlys.76·36 61-88 3·38 5'47<br />

The table says that on all the fourteen railways combined<br />

the expenses in percentage of gross earnings have<br />

gone 'do~~ from 76·36'p.c. to 61·88 p.c., and that the net<br />

earnings also have increased during the same period from<br />

3.38 p.c.of total capital to 5'47 p.c. For 1927-28 this<br />

last'figure is 5:58 p.c. as we"'have noted previously. The<br />

trend in the increase of net earnings is to be' observed~<br />

If we take the individual railways ~e fi~d that t~is ~ene~,<br />

ral trend is repeated _in each. Everyone of the

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