DROP IN PROFITS.

Waikato Times, Volume 121, Issue 20283, 27 August 1937, Page 10

DROP IN PROFITS.

RAILWAYS ACCOUNTS WORKING LOSS OF £22,897. (Special to Times.) WELLINGTON". Thursday A retrogression of £52,529 is shown hi net revenue for the four-weekly period ended July 24 compared with the result for the corresponding four Steaks last year, according to the rail%mT working account, an abstract of ■which was gazetted to-night. A working loss of £22,897 replaces a profit Of £29,632. For the equivalent period In 1935 there was a loss of £663, and In 1934 a profit of £12,25-4, The gross revenue for the four *veeks was £582,251, which was |£78,5i3 more than a year ago. Expenses *vere Increased by £ 126,042 to £605,1148. The operating account for the North Island shows a revenue of £312.659, An Increase of £44,617, and expenses totalling £320,522, an increase of £61,645. There was a loss of £7863 (compared with a profit of £9IGS. The receipts of the South Island Railways were £198,288, an increase of £18,916, and expenses were £230,873, or £48,054 higher. There was a working loss or £32,585 compared jyirlth a loss of £3447. The balance of miscellaneous revenue was £17,551, compared with £23,914 In 1936. The revenue was £71,804 and the expenditure £53,753. jPor the period from April 1 to July $4 the net revenue was £171,500, compared with £339,700 last year, a de<>f £168,200. The gross revenueYJM £2,587,577, an Increase of £354,6)4* The expenditure was £2,416,077, pMnorease of £522,224.