RAILWAY FINANCE

Waikato Times, Volume 122, Issue 20491, 6 May 1938, Page 2

RAILWAY FINANCE

LOWER REVENUE

ACCOUNTB FOR THE YEAR I INCOME AND EXPENDITURE (Special to Time?.) WELLINGTON, Thursday. The accounts of the Railway Department covering’ operations during the year ended March 31 were published in to-day s Gazette. They showed a net revenue of £632.197, compared with £903.853 last year, and a Budget estimate of £700,000. Following is a comparison of the accounts for the last two years, showing the results of railway operation in the two islands and the aggregate tran- r sactions in respect of other services:— , f

• Decrease. For the four-weekly period ended March 31 the npf earnings were < £32.378, as against £158,870 last year, a decrease of £106,402. The gross j earnings for the period were £734,- j *2O. which is £93.776 less than in the i equivalent period last year. Expenses amounted to £682.051. an Increase of j £12.716. None of the Easter holiday , traffic fell within the period this year. ,

North Island Revenue Expend. 4.135.109 3.*9 i,?9-2 1938-37 4.820,32 4 4.316.519 1937-35 t 485.1 55 622.227 Increase Net revenue 440.877 303,805 • 137,072 Revenue Expend. South 2,788,435 2.614.093 Island 2.971.5O0 2.975,266 203,065 331,173 Net revenue 124.342 -3,768 * 128,108 Revenue Expend. Other Service* 887,047 1,048,361 5 48,108 709,603 1 55,3 1 4 161.196 Net revenue 338,639 332,758 *5,881 Revenue Expend. Whole 7.790,651 6.886.793 System 8.634.1 86 8.001,389 843.535 1,1 14.596 Net revenue 903.*58 - 632,797 *271,061