The Chronicle PUBLISHED DAILY.

Horowhenua Chronicle, 17 August 1915, Page 2

The Chronicle PUBLISHED DAILY.

LEVIN. 'i'L-jLaUAI. ALL. LSI l<, lUlu UAiLWAI KliVKNUitfi. i'rom the kill'si Government tsiaustk's Tlio Llnoiiieie nulcri a marked in* provenient in railway revenues lor Liio hrsl quarter oi Uic financial year. in tiie twelve-weekly penoU expired JOth J imc the linos ul the .North laliuicl gave ;i luial revenue ol kolljoo l'.y comparison with £510,221) in the correspomtiug period of ISJI-1 beiny an increa.'ie ul k'SL.dlio. A liirther pleasiiiii lealiire i& the decrease in cost oi rii'nniiijj the service, a dewea.be ol t2,(J1l beiuy noted uncier this head, in the jioriodis under ruviow the lines ol tiie iSouth Inland ivoru luas remunerative in their workings. The total ol revenue decreased by the bagatelle ol i.'2bO, but the cost of running rowe by JLI'J,U2B. Probably the .•<;- btiiction in grain l'reights caused through "bull" and "bear ,, tactics amongst merchants, consumers and farmers was iu a nioa.sure responsible lor this imsatisfactory state of affairs. Through this comparative lailure of the South island lines the revenues for the iNew Zealand service as a whole atill are offset by an increase in the cost ol working. The total, however, ie only some £17,000, and this may fairly Lβ regarded as a negligible amount when the disorganisation ol trade and production throughout the world is taken into account.