AUSTRALIAN RAILWAYS
The annual report of the railways of Daw South Walei wai limed the lame week as the report of the Victorian department. There is a great contrast between the two documents, A few years •go the Sydney lines were paying over 4 per cent, while now they are saddling the State with a heavy defiolt. At that time the Victorian railways were saddling the State'with a deficit, while now they pay 4 pet cant and off or to the State a small but sufficient surplas. The salient figures are : Capital invested : Victoria, £26,171,000 ; New South Wales, £27.300 000 Gross receipts : Vlotorla, £2,453,000; New South Walts, £2,190,000. Expendltnre : Vlotoria, £1,427,000 : New South Walea, £1,492,000. Net receipts : Victoria, £1,026.000 ; New Sonth Wales, £667,000. Net Intereafc earned : Victoria 4 per cent ; New South Walej, 3 pe* cent. It is no wonder (aayg the " Melbourne Argus) that a large party In New South Wales it clamouring for the Vie torian system of management and another Mr Speight and no doubt it Mr Speight were available his service* would be bid for.
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Ashburton Guardian, Volume VII, Issue 1693, 22 October 1887, Page 3
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179AUSTRALIAN RAILWAYS Ashburton Guardian, Volume VII, Issue 1693, 22 October 1887, Page 3
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