BRITISH RAILWAYS
RETRENCH MENT FORECASTED
(United Press Association —B.i Electric ' Telegraph—Copyright).
(Received this day at 8 n.m.) LONDON, May 15. Severe retrenchment in the railways Is expected shortly, owing to industrial turmoil, chiefly tlie coal crisis, diminished freights and motor competition. Treasurer Stevens to-day announced he had budgeted for a small surplus on tiie railway'and now expected a million deficit, which wiH have to be met in some manner.
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Hokitika Guardian, 16 May 1929, Page 6
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69BRITISH RAILWAYS Hokitika Guardian, 16 May 1929, Page 6
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