THEY DO NOT PAY.
MIK A MAR CARS. Miramar trains aru not a paying pro* position. This is somewhat evident from tho returns for the year ended March 81, 1912. During that period the traffic expenditure amounted to <£3018 10s. 7d., whilo tho receipts totalled only .t!27JG Is. 2d., leaving an actual loss en Tunning of ■£3G2 lis. f>d, To this has to bo added interest on loans, i:ll!)2 ss. Gd., and sinking fund, .61'JS 18s. lid., matins a loss for the vear of JiIGDS 13s. lOd. The previous debit balance was <£3510 10s. id., so that ths total loss to date on the Miramar trams now amount's to .05201 'Is. '„M. it is interesting to note, that the fjeatoun section showed a small profit on actual running during tho year.
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Dominion, Volume 5, Issue 1430, 3 May 1912, Page 4
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131THEY DO NOT PAY. Dominion, Volume 5, Issue 1430, 3 May 1912, Page 4
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