Thoughts For The Times
Unsuccessful Railway Administration. Mr Massey has certainly not proved a brilliant success as Minister of Railways. For every additional £IOO of revenue that flowed in he managed to spend £132 10s—and so lose £32 10s. His not revenue is equal to less than 3.) per cent, on capital cost, whereas tho Consolidated Fund has to provide well over 41 per cent, to pay service charges on loans for railways. The railways are befng run very indifferently apart from the financial aspect, as everybody who uses them knows. From the financial viewpoint the system is a deaid loss, a burden on the community, a considerable contributor towards the weight of taxation under which Mr Massey, in a frank moment, recently admitted the people are “staggering.”—Lyttelton Times.
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Hokitika Guardian, 23 May 1921, Page 2
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129Thoughts For The Times Hokitika Guardian, 23 May 1921, Page 2
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