Expenditures of the Russo-Japanese war / by Gotaro Ogawa.

224 ECONOMIC EFFECTS OF THE RUSSO-JAPANESE WAR
RAILWAY TRAFFIC EARNINGS, I90-I1904
Companies earnin I 90I I902 I903 I904
expenses, etc.
Yen Yen Yen Yen
Government Railway Earnings 16,277 17,649 I9,220 20,229
Traffic Bureau..... Expenses 7,882 8,307 8,922 8,314
Net profits 8,394 8,342 I0,297 11,895
Earnings IO,I87 I0,889 IO,986 11,406
Nippon Railway Co... Expenses 4,448 4,727 5,I79 5,291
Net profits 5,459 5,530 5,806 6,114
Earnings 5,598 3,889 4,905 6,039
Sanyo Railway Co.... Expenses 1,702 1,758 2,065 2,443
Net profits 1,896 2,131 2,840 3,595

military transportation, the primary cause of the success
probably being an extremely economical use of rollingstock as compared with the railway conveyance of ordinary
goods.
During the year ending with March, I906, passenger traffic
was almost restored to its normal level, while freight traffic
showed a remarkable increase. In that year, too, there must
have been military transportation back from the front, which
interfered with ordinary traffic to some extent. But as there
was no strategic need to press the work, it could be effected
in such a way as to give ordinary traffic as little inconvenience
as possible. The post bellum effects of the war on the railways were also reflected in another direction, that is, in the
nationalization of the seventeen private railway companies
by the government, which had come to realize the supreme
importance of a unified railway service through the experience of war. The nationalization was effected in the six
years from I906 to I9II, inclusive, during which time the
railways throughout the country passed to state control.
The Fusan-Seoul Railway was also purchased by the government in August, I906, while the South Manchuria Railway
came under Japan's control as a result of the war. Thus,
the government was enabled to unify the railways not only in
Japan proper but in Korea and Manchuria.