NEW ZEALAND RAILWAYS

Sun (Auckland), Volume II, Issue 559, 11 January 1929, Page 12

NEW ZEALAND RAILWAYS

RETURNS TO DECEMBER SLIGHT IMPROVEMENT (Special to THE SU2s) WELLINGTON, Thursday. A small improvement in the net. earning's of the railways is shown oy the working account for the four weeks ended December 8. The total was £114,286. as against £113,446 in the corresponding period of last year. The gross revenue from all sources was £ 627.165, which is £10,422 more than last year, while expenses amounted to £512,879, an increase of £9,582. The gain has therefore been £ S4O. The earnings of the North Island railways were £354,220, an increase of £4,221. Working expenses amounted to £269,497, an increase of only £1,224, so that the net revenue is higher by £2,997. Against this there has been a decline in the working profits from the Sou+ii Island railways. The gross receipts were £222.508, an increase of £709. but the working expenses, £209.252! increased by £2,251. The profit was lower by £1,572. The net revenue from miscellaneous services was £16,307, or £ 586 less than last year. Following is a summary of the net revenue for the nine periods of the current financial year: North South Other

April 28 Island. Island. Services. Total. • .1,200 34,772 24.189 May 26 June 23 July 21 : |!| t|l 17,945 16.161 21,401 95,260 45,193 Sept. 15 Oct. 13 Nov. 10 Dec. 8. . .: l:i 1:1 13,917 25,273 39,853 114,2S6 Total £36S.241 £31,190 £160,975 expenses. The x vorking profits for 3-6 weeks ...v A/ 42,103 than those for lh P r responding period last from the North Island Island • an 2„ H lose from the South by £8,427. Net revenue from omer services than railway operation have increased by £8,291.