STATE RAILWAYS

Taranaki Daily News, Volume LIV, Issue 68, 11 September 1911, Page 2

STATE RAILWAYS

ANNUAL REPORT. RECORD REVENUE FOR YEAR. [ Tn the Railways Statement which was , tabled in the House of Representatives last week, the Hon. .1. A, Millar announced that the result of operations for the year 1910-11 has been satisfactory. The earnings, which exceeded last . year's revenue by £214,392, are the ~ highest yet obtained. , j The following is a summary of results , l of working:— [ I Yearended.MarehSl. . I 1010. 1911. [ Total miles open for traffic 2,717 2,701 Average miles open * for year 2,704 3,742 £ £ • Capital cost of opened and unopl ened lines 30,321,101 31,509,900 Capital cost of open lines 28,513,476 29,606,456 Capital cost per mile of open lines 1f1.494 10,723 , Gross earnings ... 3,249,790 3,494,182 ' Working expense-;. 2,1(19.474 2,303,272 ' Net profit on I working 1,08(1.310 1,190,910 Percentage of profit to capital invested 3.80 4.00 Percentage of working expenses to earnings 06.76 05.92 ) £ £ Earnings per average mile open... 1.203 1,275 Working expenses 1 per average mile 1 open 803 840 Net earnings per . . average mile open 400' 435 d. d. 1 Earning* per train mile n5.75 102.75 Working expenses jier train mile.. 05.S$ 07.75 Net earnings per train mile 32.91 35.00 '■ Passengers, ordin- ' "ary 111.141,142 11.200,013 Season tickets ... 199,371 222,104 Goods tonnage .. 5,223,414 5,555,292 Train mileage .... 7,880,1-00 8,141,075 Live stock ton- ; unge 266,604 305.352. Locomotives 465 478 Passenger cars ... " 1,140 1,166 Wagons and brake vans 17.220 18,036 ' The -.Minister proposes to introduce the cash-on-delivery system with respect \ to parcels traffic, "the-Railways Depart- ', ment collecting the charges for goods on behalf of the consignor and handing the money over to him/ He'hopes that the motor-car services will commence running during the present year, and he intends to try Reward road trains in Central Otago, as a means of developing' business in sparsely-set-tled districts. lie estiniat.es the revenue for the current year at £3,525,000, and the expenditure £2.375,000.