N.Z. RAILWAYS

Hokitika Guardian, 16 January 1923, Page 3

N.Z. RAILWAYS

GRADUAL IAfRROYE/AIENT

WELLINGTON. Jan 13

All through the present financial year the figures in relation to the New Zealand railways have shown an improvement upon the corresponding figures last year, and the returns published, in last night’s “Gazette” indicate that tlm improvement is being substantially maintained. The figures given are for the period up to December 9tli. (In the North Island lines the receipts amounted to £2.535,153. which i s Cl 1T725 lower than for T 921. hut tiiov exceed expenditure by £372,7-10. v.hil" in the previous year, in spite, ol higher re. riots, the surplus over expenditure vas only CIS!). ILL The expenditure during the latter period is £325,000 more than it was in 1921. Oil the South Island lines the receipts are exactly £137 higher than for the previous year in round figures, the same, which is rather a coincidence in such big figures. There is. however, a vast improvement oil the exp"iidit ure -ide relatively, for whereas m 1921 expenditure exceeded receipts by £215.787. fur 1922 the receipts were £15.175 better than the expenditure. In the North Island figures the AYhangarei .section shows an excess >f expenditure over revenue of 114.000. wl'ieh has. a big influence on the result, and Knil'ii and Gisborne lines do not meet expenses, although not to such a LTOnt extent. In the South Island, the receipts the Nelson line lag £6.000 behind the cost of running .and Wakntipu steamers account for another detiieicnei exceeding £SOOO. this Tiding rather larger than in 1921. The Nelson falling short is‘much the same as for the previous

The grand totals, however, reflect a more satisfactory state, of affairs, for in 1922 the receipts were in excess ol expenditure by £417.920. whereas in 1921. for the same period, expenditure' exceeded receipts by £26.3.2. showing a net improvement ot £444.292.