RAILWAY REVENUE.

Stratford Evening Post, Volume XXXVI, Issue 18, 27 May 1913, Page 2

RAILWAY REVENUE.

NOETH V. SOUTH. [Per Press Association.! Wellington, May 26. In reviewing the operations of the New Zealand railways in the past yepr, the Hon. W. H. Herries said today that for the year ending March 31st, the railways had given exceedingly good returns. The approximate interest earned’, on the capital invested was £-1 Os 8d per cent., a return only once exceeded, in 1911, when the interest earned was £4 Is 3d. The heTcieutage of expenses 'to earnings was . 68.13, compared ' with 67.07 in the previous year, /inhere had been .an improvement in, the 1 interest-eafn-ing on the South Island lines, white' the North Island lines showed availing 1 off, which had forced the Minister to reduce the services that were 1 not paying. The figures for the past two years were: — 1912 1913 North Island ... £4 19 7 £ll7 1) South Island ... £3 2 0 £3 8 10 In the net revenue earned per'train mile the figure! were:— ,YTH ■n q, : 1912 1913 &orth Island * i. 2s 10Jd 2r'7*d South Island' ... 2s 6£d 2a, The net revenue per average mil© of line open, worked out as follows: 1912 iT9I3 North Island £607 10 7 £606 12 0 South Island £303 22 V 340 19 10 The percentage of expenses to revenue compared as follows :—- ' 1912 1913 North Island ... ... 65.22 67;81 South Island ... ... 70.95 G 9.71 The Minister said that th© expenditure on the North Island Main Trunk line would require careful watching.