Railway Act Article 42

Local and private railway institutions, with the exception of retrieving apportioned costs for entire railway construction and equipment depreciation, shall not allot profits. In case annual profits exceed 25% of actual capital totals, the whole of the surplus shall be used for the expansion or improvement of equipment. In the case of private railway institutions being incentive by the Government’s announcement of requisition of private participation in railway construction, operation on relevant acts of incentive to private investment, the surplus allocations after apportionment to retrieval of entire railway construction and equipment depreciation will not be subjected to the constraint of 25% annual profits.