The Chronicle LEVIN. FRIDAY, JULY 28, 1916. NEW ZEALAND RAILWAYS REVENUES.

Horowhenua Chronicle, 28 July 1916, Page 2

The Chronicle LEVIN. FRIDAY, JULY 28, 1916. NEW ZEALAND RAILWAYS REVENUES.

On several occasions during the last six months Ihe Chronicle has referred to the improved financial results achieved by the New Zen-land railways under their . new management. This improvement has been due, to some extent, to the increased charges made, but the increase of revenue lias been so great that the fact is left evident that good: Jiianfigoment lias been an oven-greater factor than, extra charges in achieving these desirable results. One especially noteworthy feature has been the decrease in the percentage of working expense,-. As a result of this, the North and South Jsliinds both show considerable improvement, though the South Island's v losH-pronnonced in consequence of the bad season that was experienced la<;t year. ' An announcement regarding these matters was made in the House of Representatives this> week by the Hon. Mr irlerries, Minister ot linilunyy. 11 e remarked, thai; u.en excluding ihe war imprest'* tTie result

I.'iiii boon excellent. There hail heoi a !>!g mmn-.iso of passenger traffic dm Zealanders fcrareliing in tliei onu country. Uotorua, the chief-ex elusion place of the hat - ei liad such w season. It continuec t) enjoy great popularity. lie pir it doi» 11 to the 1 act thai those wlu hid money out oi the land had, m plat-., to spend, it in, except. .New Zealand. The South Island, he m g.etted to say. had failed to show Hi good a return as it .should owing to the Imd season. The South Island. Main I runk had increased its earnings troni 16s per cent to £:) 8s 9d, the North Island Irom £'4 7s Id to £'<? lO.s 2d per cent—an enormous increase. 'I'lio serious drop shown in the South Island j Mam Trunk was due to the weather, and was not the fault of the South Ls<and'. The indications were that nexo year it would again be a good year Mr I3uddo : "lou don't propose ony increase in the rates?" TinMinister replied that lie only intended to adjust tariff anomalies this year preparatory to a new tariff operating piol ahly at the end of the year. "He denied that tile rolling stock had depreciated under the present management. There had been economy, but not false economy. The greatest carthad been taken to put the rolling stock I oa the road in a. thorough condition. |