DEFICIT OF £47,540
By Cable.—Press Association.—Copyright Reed. 10 a.m. MELBOURNE, To-day. The annual report of the Railway Commissioners, tabled in the Assembly, shows that the operations for the year :nded June 30 last resulted in a deficit :»f £47,540. The commissioners attribute the deicitto the refusal of the Allan-Peacock Ministry to approve tlie recommendation to increase fares and freights. This deficit does not include an alowaiice for making good accrued or iccruing loss of the value of property ■xtensions of suburban lines, and reluction of freights on certain classified roods, which would have made the total leficit for the year £596,000.—A. and
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Sun (Auckland), Volume I, Issue 144, 8 September 1927, Page 10
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102DEFICIT OF £47,540 Sun (Auckland), Volume I, Issue 144, 8 September 1927, Page 10
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