THE STATE RAILWAYS
NOT PAYING INTEREST
NEED TO SEEK BUSINESS
(Received 11th December, 11 a.m.)
SYDNEY, This Day
The Treasurer, Mr. Stevens, announced that he expected to finish the financial year with a surplus of £21,386. He intimated also that it was proposed to impose a tax on amusements. Referring to the growth of competition of motor traffic against railways, Mr. Stevens said that the time had arrived when the Railway Department would have to go after the business rather than wait for it to come to the railways. The railway earnings last year wore £.19,000,000, and tlio working expenses approximately £15,000,000, and the interest bill over £6,000,000. The capital invested in the New South Wales railways ■ was £124,000,000, .which aggregated almost half the Public Debt.
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https://paperspast.natlib.govt.nz/newspapers/EP19291211.2.74.2
Bibliographic details
Evening Post, Volume CVIII, Issue 141, 11 December 1929, Page 13
Word Count
126THE STATE RAILWAYS Evening Post, Volume CVIII, Issue 141, 11 December 1929, Page 13
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