revenue Decrease

Hokitika Guardian, 14 September 1933, Page 5

revenue Decrease

N Z. RAILWAYS RETURNS FOUR WEEKLY PERIOD REVIEW \ ■ (Per ;PTes* '&Mof;io®r-' OopDrigM.}, .' WELLINGTON,-September 13.* *\ The Chairman of •■'‘blip: Railways ' Board, Mr' II; 'II.' Sterling,;announced \ to-day that, the 7 prqlijninary , figui’ies ; for the working of the- railways, for !■ the four weekly -period; ended August j’ 19, both for expenditure * and revenue *, show only ai negligible' Variation as compared witli those"for the .'same i period last yeay. ,-Tlie figures show an •expenditure ' increase of '£lßs, and a revenue decrease 6f i£2^Bß. ; The net /revenue 1 ffoWtlfe period- was r * weeks last - year: > * '’ . A' 1 ' i. Eqi; tfie. peHpd i : pL’'tlTP' hhapcial •from April’ T to August- 19,;'- the redehue' ‘shpWecl a / ;dbcFeas : e'bx £12,016," m and the expenditure a decrease of £44)6D4,;y making . .an increase lh-'noly' -revenue of £33)588." • * $ ■: jMr Btt'rlihg- •'o'bservhdTThat The-- d-sc* ereasp in the grps^T^Yhhue, for. the period was a l , little disappointing, al- 'gt ‘though .the amount Qpoe/ ’% namely, yon La for the period of over /half a x million, hardly be regarded as having ahv '-V ,gteat 'sigmfieance.’ < vGoinpareci -'with - _ the rates- of the 1 decrease in the revenue that has - been ' experienced in. t the past two years, the smallnpss of the amount afforded some justification for holding . that / the 1 revenue position' was stabilising; He said, -that ■ V the cessation of the' decrease in the expenditure .also seyved-to show th-fc costs had now been reduced to a-i approximate minimum. .It was grati- ) Tying to note' that, for the portion of the yeay to da to, the net revenue / showed on the. right side as compared i with last year. Y‘ : L ' ' . , ’a|