RAILWAY RETURNS
Railway returns published in last week's Gazette showed that in the period April 1 to October 10, 1920, the percentage of expenditure to revenue on the State railways was 84.26, as against 73.24 for the corresponding period of last year. Tliesn figures, it has been pointed out, do not furnish a fully accurate review of the position. The increases in pay in the railway service, recommended by the commissions which sat after the railway strike, were made retrospective, and they ante-dated the corresponding increases in fares and freights by over three months. The cost to the Department of this delay in the raisins of extra revenue is estimated to have been at the rate of something like ,£2OOO a day for tlio period. If tho increases in revenue had taken place at the same lime as the-increases in expenditure the returns would have shown a substantially 'better position.
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Dominion, Volume 14, Issue 49, 22 November 1920, Page 4
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150RAILWAY RETURNS Dominion, Volume 14, Issue 49, 22 November 1920, Page 4
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