THE RAILWAYS

Ashburton Guardian, Volume 52, Issue 81, 15 January 1932, Page 8

THE RAILWAYS

WORKING ACCOUNT FIGURES. RETURNS FOR FOUR WEEKS. (Per Press Association). WELLINGTON, January 14. The railway working account for the four-weekly period ended December 5, 1931, is as follows (shillings and pence omitted): —

RETURNS ANALYSED.

EFFECT OF ECONOMIES. WELLINGTON, January 14. The gross railway revenue m New Zealand for the. period of and a half weeks, fr om Aprdl to December o, 1931, was £4,200,L , £858,320 below the, figure lot- the coi responding period in 1930. The aggie-o-ate expenditure for the period was, however, £3,958,541, or £890,453 below the 1930 figure. , The period of thirty-five and a half weeks under survey has been characterised by diminishing returns closely pursued and practically offset b\ substantial cuts in expenditure. Ihe actua net revenue for the period was £246,0Jd, as compared with £248,460 for the coiresponding thirty-five and a half weeks 01 An"analysis of the returns for the four-weeklv period up to Decembei o last indicates -that, toward the end of the year, economies have moie than balanced, the fall in revenue. The extent to which the new Ladwavs Board policy has assisted the oosition will not.be assessable until a comparison over a longer period. w available. Some economies weie all end? S effect when the board assumed control several months ago. For the four weeks ended December 5 last "Toss revenue was £4/6,4/1, oi £74,924 below the returns for the corresponding weeks in 1930. Expenditure was £84.890 less than, that during the period in 1930. The ultimate result was that, for these four weeks towards the end of 1931, net revenue was Lrt.Ml, or nearly £IO,OOO better than the net revenue of £42,245 for the corresponding weeks in the previous year.

Revenue. Exp. North Island. £ £ TCnilm .352 505 Gisborne 1,289 2,065 Main lines and branches 268,726 231,523 £270,367 £234,093 South island. £ £ Main lines and branches 148,346 154,346 4,900 5,026 Nelson 834. 2,038 2,128 2,479 £156,208 £163,889 : Operating total ... £426,575 £397,981 Miscellaneous revenue 25,089 643 Lake Wak’u. stnirs. 454 Refrsh’mt rooms and sub. services ...... 13,722 15,389 Dept, dwellings .... 10,631 10,247 Grand total Net revenue ...... £476,471 £424,260 __ £52,211 The ficures compare with those for the corresponding period of 1930 as follows:— Doc. 5. Dec. G, 1931." 1930. North Island — £ £ Revenue 270,367 302,457 Expenditure South Island — ). 234,093 273,28o 192,139 Revenue 150,208 Expenditure * .... 163,889 200,038 Operating Totals— Revenue 426,575 494,597 Expenditure 397,981 473,323 27,812 Miscellaneous rev. . 25,089 Lake Steamers — 528 454 Expenditure Refreshment Rooms 613 1,008 arid sub services— 13,722 19,857 Expenditure 15,389 21,127 Dept. Dwellings— 10,631 5,599 Expenditure .... 10,247 , 13,690 Grand Totals— Revenue Expenditure 476,471 424,260 551,394 509,149