NEW ZEALAND RAILWAYS.
An Increase of Revenue.
(per press association.)
Wellington, April 12. The Minister for Railways states that the revenue of the department for the past year amounted to £1,575,007, an increase on that of the preceding year ol £95,207. In expenditure account to March 2nd £1,028.583 was spent in working expenses alone. Tins amount exceeds the appropriation by £44,715, but revenue also exceeds the estimate by £139,913. The expenditure per cent on revenue was Go'27 as compared with 95-45 for the previous year. Mr Ward points out that the convenience and facilities for passenger and goods traffic have in many directions been increased, in addition to which the rates have been very largely decreased. For the last nine months 758,143 more passengers were carried and 17,178 mora season tickets issued.
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Greymouth Evening Star, Volume XXXI, 13 April 1901, Page 3
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132NEW ZEALAND RAILWAYS. Greymouth Evening Star, Volume XXXI, 13 April 1901, Page 3
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