RAILWAYS FINANCE
WORKING LOSS SHOWN FIGURES FOR 24 WEEKS. INCREASE IN EXPENDITURE. (By Telegraph—Press Association.) WELLINGTON. This Day. A working loss of £33,058 has been incurred by the Railways Department in the 24 weeks of the current financial year ended on September 17, according to figures published in the “Gazette” issued last evening. This compares with a profit of £184,234 for the corresponding period last year, and of £356,001 for the year before that. Revenue for the 24 weeks amounted to £3.942,068, or £140,056 more than the gross revenue earned by the railways during the corresponding period in 1937. Expenditure totalled £3.975,126, which represents an increase of £357,348 on the 24 weeks of last year. For the four weeks ended September 17 there was a railway operating loss of £26,566. Gross revenue Amounted to £632.752 as compared with £617.708 for the corresponding four weeks last year, an increase of £15.044. Expenditure amounted to £659,318 as against £604,278 last year, an increase of £55,040. There was a working profit of £13,430 for the corresponding four weeks last year.
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Wairarapa Times-Age, 21 October 1938, Page 5
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177RAILWAYS FINANCE Wairarapa Times-Age, 21 October 1938, Page 5
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