A different system, still more uneconomic than the kilometric guarantee pure and simple, was adopted in the case of the Bagdad railway.
The total length, including branches to Adana, Orfa (the ancient Edessa) and other places was to exceed 1550 m.; the kilometric guarantee granted was 15,500 francs (f,;620).
The kilometric guarantee of 15,500 francs (£620) was split into two parts, 4500 francs (£180) being granted as the fixed working expenses of the line, all receipts in excess of which amount were to be credited to the Turkish government in reduction of the remaining 11,000 francs (f440) which took the form of an annuity to be capitalized as a 4% state loan redeemable in 99 years, that being the period fixed for the duration of the concession.
The tables on p. 440 show the respective lengths of the various Ottoman railways open and worked at the end of 1908 and the amount of kilometric guarantees which they carried - and the lengths, &c., of railways worked by the various companies according to the nationality of the concessionaire groups.
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