SOUTH AFRICAN RAILWAYS.
ECONOMIES NECESSARY. By Telegraph.—Press Assn. —Copyright. Capetown, May 3. Tn the Assembly, the Minister of Railways, introducing the railway budget, said the financial position of the railways was one causing grave con cern. Only determined economy in every direction could retrieve the position? The deficit of the past year was nearly two million sterling, three times the estimated amount, making the accumulated deficit over four millions The strike in February and March involved a loss of three-quarters of a million.
The estimated revenue was just over 24 millions, an increase of a quarter of a million. The estimated expenditure was just over twenty-four millions, a decrease of one and a half millions. The reductions included the cost of living allowances, modification of the eight-hour day, and reductions of staff. The administration is considering a cheaper method of working and maintenance, in view of doing big business at a low tariff rather than small business at a high tariff.
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Taranaki Daily News, 10 May 1922, Page 5
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161SOUTH AFRICAN RAILWAYS. Taranaki Daily News, 10 May 1922, Page 5
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