xvi.
REVIEW OF THE RAILWAY YEAR.
small towns by a service of motor cars has been extended, and having met with success, may be expected to be still further developed in the future. The following table summarises in brief form the mileage, capital, receipts, and expenses, etc., of the railways of the United Kingdom in 1903 compared with 1902:—
| 1903 | 1902 | INCREASE IN 1903 | ||
| Amount | Per cent. | |||
| Mileage | 22,435 | 22,153 | 283 | 1·3 |
| Of which is double or more | 12,500 | 12,350 | 150 | 1·2 |
| £ | £ | £ | ||
| Capital | 1,245,029,000 | 1,216,861,000 | 28,168,000 | 2·3 |
| Amount included in the foregoing which is nominal only | 191,225,000 | 189,384,000 | 1,871,000 | 1·0 |
| Ordinary Capital | 472,507,000 | 461,927,000 | 10,580,000 | 2·3 |
| Amount included in the foregoing which is nominal only | 87,009,000 | 85,700,000 | 1,309,000 | 1·5 |
| Receipts:— | £ | £ | £ | |
| Passenger Traffic | 47,968,000 | 47,393,000 | 575,000 | 1·2 |
| Goods Traffic | 55,111,000 | 54,669,000 | 442,000 | 0·8 |
| Miscellaneous | 7,810,000 | 7,408,000 | 402,000 | 5·4 |
| Total | 110,889,000 | 109,470,000 | 1,419,000 | 1·3 |
| Working Expenditure | 68,562,000 | 67,841,000 | 721,000 | 1·1 |
| Net earnings | 42,327,000 | 41,629,000 | 898,000 | 1·7 |
| Per cent. | Per cent. | |||
| Proportion of net earnings to capital | 3·40 | 3·42 | ||
| Dividend paid on ordinary capital | 3·29 | 3·32 | ||
