FALLING REVENUE
THE CANADIAN NATIONAL
LAST YEAR'S FINANCES
(Deceived March 25, 2 p.m.)
. OTTAWA, March 24 A picture of the Canadian National Railways finances for the calendar year frt IVaS T f Ph, Md before the H °*se on Friday. It showed a deficit, exclusiv. of interest on Government loans n# 61,000,000 dollars. In the face^f'thi continuously falling revenues, a grosl reduction totalling 39,401,567 dollars as compared with the previous year the company was able to reduce operating expenses by 44,104,834 dollars aid show a net operating revenue of 5.895,433 dollars, which was 4,703,266 dollar! greater than 1931.
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Bibliographic details
Evening Post, Volume CXV, Issue 71, 25 March 1933, Page 14
Word Count
98FALLING REVENUE Evening Post, Volume CXV, Issue 71, 25 March 1933, Page 14
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