RAILWAY FINANCE.

Ashburton Guardian, Volume 53, Issue 286, 14 September 1933, Page 8

RAILWAY FINANCE.

REVENUE AND EXPENDITURE (Per Press Association). WELLINGTON, September 13. The chairman of the Railways Beard, Mr H. H. Sterling, announced to-day that preliminary figures for working railways for the four-weekly period ended August 19, both, expenditure and revenue, show only a negligible variance compared with those for the corresponding period cf last year, the figures being :—Expenditure: Increase, £lB5. Revenue: Decrease, £2588, making the net revenue for the period £2773 less than that for last year's period. For the period of the financial year from April 1 to August 19, the revenue showed a decrease of £12,016, and the expenditure a decrease of £44,604, making the increase in net revenue £32,588. Mr Sterling observed that the decrease in gross revenue for the period was a little disappointing, although the 'amount of variation, namely, £2588, on a turnover for the period of over half a million, could hardly be regarded as having, any great significance. Compared with the rates of decrease in revenue that had been experienced in the last two years, the smallness of the amount afforded some justification for holding that the revenue position was stabilising. The cessation of decrease in expenditure also served to show) that ccsts now had been reduced to an approximate minimum. It was gratifying to note that for the portion of tho year to date the net revenue still showed on the right side as compared with last year.