RAILWAY FINANCE
DIFFICULTIES of department. By Telegraph.—Press Association., Wellington, June 12. The local branch of the Railway Officers’ Institute entertained the delegates of the various branches attending the annual conference of the institutes in Wellington. Mr. Gallagher, chairman of the local branch, presided. He said the utmost good feeling prevailed between the management and officers of the institute. Mr. James MacDonald, AssistantCleneral Manager of Railways, spoke of the difficulties of the department. For the first time in recent history the department had to face financial difficulty and .was behind in the patyment of interest on the cost of the railways. A railway system, whether managed by the State or by a company, was a great and complex machine, which it was impossible to adjust immediately tcZ’fluctuations of the business of the country, particularly such as had been experienced following the Great War. That was the cause, of the present financial position of the department. It was the position of every great railway in the world.
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Taranaki Daily News, 13 June 1922, Page 3
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165RAILWAY FINANCE Taranaki Daily News, 13 June 1922, Page 3
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