THE RAILWAYS.
FINANCIAL POSITION EXPLAINED. 13y Telegraph.—Press Association. Wellington, Yesterday. In an interview to-day the Hon. W. JI. llerries, after stating the increases and improved conditions granted to the employees o£ the railways by tile present Government, said thai a good deal of criticism had been levelled at the department owing to the fact that the percentage of working expenses to earnings is abnormally high, while estimated revenue had fallen very much short of the forecast. The smallpox epidemic and the strike had had a disastrous effect on the railway revenue. The tendency to increase operating expenses was not peculiar to New Zealand. Had normal conditions prevailed the revenue would have come up to expectations, and the percentage of working expenses to revenue would not have shown a material advance on percentages for the last year. The attempt to fix on the Government responsibility) for shortage in revenue was ungenerous and unjustifiable.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19140227.2.11
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, Volume LVI, Issue 205, 27 February 1914, Page 2
Word count
Tapeke kupu
152THE RAILWAYS. Taranaki Daily News, Volume LVI, Issue 205, 27 February 1914, Page 2
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in