File 2764/1904 Pt 4 'Baghdad Railway: Anglo-Turkish negotiations; proposals of Turkish Govt; status of Kowait' [‎105r] (214/674)

The annual collection of these revenues since 1905-6 has only once exceeded the
annuity, and has never reached the amount estimated by Government. The total
encashments in—
1321 (1905-6) were
1322 (1906-7) „
1323 (1907-8) „
1324 (1908-9) „
1325 (1909-10) „
f T £ T.
76,198 or 20,922 short of the annuity.
87,287 „ 9,833 „ „
93.495 „ 3,625 „ „
86,759 „ 10,361 „ „
105,105 „ 7,985 more than the „
The deficiencies of each year, from 1905-6 to 1908-9, were made up from the
surplus of the tithes set aside for the kilometric guarantees of the Anatolian lines.
It is, however, more than probable that the tithe revenues of the districts
mentioned are considerably more than the fixed amount shown as the contributions of
each district, This assumption is confirmed by the figures of tithe returns given in
the official almanac (Salnameh) of the Aleppo province for the vear 1324 (1908-9) the
tithes of the—
Piastres £ T.
Aleppo sanjak are shown as .. .. .. .. 13,393,866 or 130,544
Urfa „ „ .. .. .. .. 2,958,000 „ 28.830
Total .. .. .. .. .. 159,374
out of which these two saniaks onlv contribute £ T. 70,000 towards the annuity of
£ T. 97,120,
3 .—Surplus of Tithes assigned to the Anatolian Lines.
Referring to Statement (A) annexed to the memorandum of the 21st February
last on the subject of the surplus revenues at the disposal of the Government, it will
he seen that the five years’ average of the gross surpluses, after payment of kilometric
guarantees, work out at £ T. 160,574, and for six years at £ T. 192,480.
The surpluses as far as are at present known are consequently:
£ T.
1 . —Government share in surplus of ceded revenues . .. 600,000
,, of interest on reserve fund .. .. .. 58,500
3.—Surplus tithes of Anatolian lines .. .. .. .. • • 160,574
Total
819,074
The charges on these surpluses are the following :—
Annuity of 1904 loan of 4 per cent, to be paid out of the Government share
of surplus of ceded revenues ,. . •
Annuity for Series 2 and 3, Bagdad Railway, Eregli-Halif section, also
from the surplus of ceded revenues
Working expenses of the Konia-Eregli section .. .. • •
Working expenses of the Eregli-Halif section at, say, 2,500 fr. per kilom.
for 840 kilom., 2,100,000 fr.
£T.
124,059
420,000
22,420
93,330
Total
659,809
The calculation will stand thus—
Nos. 1 and 3 surpluses amount to
Charges amount to
819,074
659,809
Liquid surplus
The section, Halif-Bagdad, of 600 kilom., will require an annuity of about.
Working expenses at 2,500 fr.
Total
159,265
300,000
66,600
366,600
ind there is therefore an apparent insufficiency of some £ T 208,000 which will have
o be provided for from the surpluses of the tithe revenues allotted to the payment ot
he anS of the Konia-Eregli section, and out of any increase of revenues which
iay be realised by the time the whole line is finished.