THE RAILWAYS.

Taranaki Daily News, 29 September 1921, Page 8

THE RAILWAYS.

PROFIT SUCCEEDED BY DEFICIT. EXPENDITURE OVERTAKES REVENUE. The Railway Working Account, showing the revenue and expenditure for the period from April 1. to August 20, appears in the current issue of the Gazette. The revenue for the period totalled £2,’5'62,553, as compared with £2,423,038 in the corresponding period of last year, an increase of £139,515, equal to about 5.| per cent. The expenditure totalled £2,609,883, as against £2.031,597, an increase of £578.236, equal to about 28 per cent. The following shows the position: £ Revenue ......w 2,5’62,553 Expenditure 2,609,883 Showing a loss of .. £47,330 For the same period last year the position was as under:— £ Revenue .... 2,423,038 Expenditure 2,031,597 Showing a profit of £391,441 Thus a profit of £391,441 last year is this year turned into a deficit of £47,330. The detailed figures are shown below;—

REVENUE. 1921. 1920. North Island— £ £ Whangarei .. .... 26,816 24,068 Kaihu .... 3,512 2,606 Gisborne . . .. 14/759 Main lines and branches .... 1,470,872 1,363,757 £1,519,285 £1,405,190 South Island — Main lines and branches .... 880,481 876.946 Westland .... .... 79,317 67,409 Westport 46,479 39,280 Nelson .... 11,216 15,0.17 Pieton .... 17.294 16,491 Wakatipu steamers 2,481 2,705 £1,043,268 £1,017,848 Grand total .. £2,562,!>53£2,423,038 EXPENDITURE. North Island—■ Whangarei .. .-.«j 32.087 25,000 Kaihu 4,307 4.130 Gisborne 19,272 13,877 Main lines .. .... 1,404,241 1,097,823 £1,456.907 £1,110,830 South Island — Alain lines .. .... 1,008,532 786,599 Westland ... .... 70,583 61,961 Westport .... .... 35,884 34,316 Nelson .... 15,535 18.432 Pioton 17.923 15.709 Wakatipu steamers 4,519 3,750 £1,152,976 £920,767 Grand total .. £2,609,883 £2,031,597