OUR RAILWAYS.
In the House of Representatives last week Sir Joseph Ward, Minister of Railways, gave a number of facts and figures in answer to the repeated charge that a very large percentage of the cost of maintenance and repairs was taken out of the colony’s capital or consolidated funds. From a perusal of the statement we find that there is a good deal of misapprehension on this score as the following table will show: —
The figures show roughly 75% out of revenue and 25 out of capital. That the work of maintenance is being well attended to is showed by the annual increase in cost that has taken place during the past ten years, ,the cost per mile having gradually increased from £l3O in 1890 to £194 in 1900. The above figures indicate that there has not been much accuracy in the report that 80% of maintenance came out of capital account. At the same time before any further reductions are made all cost of maintenance should come from earnings.
Eevenue. Capital. Permanent way, including sleepers ... £142,595 £29,663 Bridge repairs, etc.... 43,400 12,193 Building, renewals ... 33,770 Additions, etc. 7,834 47,680 Totals £227,599 £89,536
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Greymouth Evening Star, Volume XXXI, 12 November 1901, Page 2
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194OUR RAILWAYS. Greymouth Evening Star, Volume XXXI, 12 November 1901, Page 2
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