Article image
Article image
This article displays in one automatically-generated column. View the full page to see article in its original form.


The Wellington correspondent of the "Otago Daily TimeB 1 ' says :— The New Zealand railway revenue for the tix months ended 30th September 1888, being the first half of the current financial year, amounted m round numbers to £480,000. As the Colonial Treasurer estimated tho jear'ji revenue at £1 040 000— half of which would be £520,000— the actual receipts fall short of $ho estimate by £40,000 ; but it must bo remembered that the April-Septomber half of the year is tbe winter half, m which the traffic, and passengers especially, is below that of the October-March half. The summer passenger traffic, too, is far more profitable than the winter goodp traffic. It is true that the winter half-year gets the lion's share of the grain traffic, but at the present low rates that barely pays ex.penses—indeed, leaves a actual loss m ■ome cases so If it shows m the gross receipts it does little m the net profit. It is pipected that the usual holiday traffic, particularly that at Christmas and New Year, will tend largely to pull up past arrears Aa it is the net profit is larger by some £1.5,000 than for the AprilSeptember half of last year, tho working expenses this half-year being less by ftbout £25 000 than m the corresponding Ualf -year of 1885, although 40 more miles are being worked.

This article text was automatically generated and may include errors. View the full page to see article in its original form.
Permanent link to this item

Bibliographic details

THE RAILWAY REVENUE, Issue 1980, 26 October 1888

Word Count

THE RAILWAY REVENUE Issue 1980, 26 October 1888

  1. New formats

    Papers Past now contains more than just newspapers. Use these links to navigate to other kinds of materials.

  2. Hierarchy

    These links will always show you how deep you are in the collection. Click them to get a broader view of the items you're currently viewing.

  3. Search

    Enter names, places, or other keywords that you're curious about here. We'll look for them in the fulltext of millions of articles.

  4. Search

    Browsed to an interesting page? Click here to search within the item you're currently viewing, or start a new search.

  5. Search facets

    Use these buttons to limit your searches to particular dates, titles, and more.

  6. View selection

    Switch between images of the original document and text transcriptions and outlines you can cut and paste.

  7. Tools

    Print, save, zoom in and more.

  8. Explore

    If you'd rather just browse through documents, click here to find titles and issues from particular dates and geographic regions.

  9. Need more help?

    The "Help" link will show you different tips for each page on the site, so click here often as you explore the site.