NET REVENUE DOWN.

Auckland Star, Volume LXII, Issue 125, 29 May 1931, Page 5

NET REVENUE DOWN.

NEW ZEALAND RAILWAYS.

YEAR'S WORKING ACCOUNTS,

OPERATING COSTS REDUCED.

(By Telegraph.—Own Correspondent.)

WELLINGTON, Thursday.

The working accounts for the Railways Department for the financial year , ended March 31 were published in the "Gazette" this evening. They show a net revenue of £088,727, as against the estimate of £1,380,000 in last year's Budget. i A comparison of the accounts for the last two years, showing the results of railway operation in the two islands and aggregate transactions in respect of other services is as follows:— NORTH ISLAND. 1929-30. 1930-31. Decreases. Revenue . . £4,350,510 £3,908,030 £352,471 Expenditure 3,868,070 3,636,316 232,600 Net revenue £481,534 £301,723 £110,SU SOUTH ISLAND. Revenue ... £3,123,483 £2,753,347 £340,130 Expenditure 2,070,050 2,700,827 200,223 Net revenue £144,433 £13,520 £130,913 OTHER SERVICES. Revenue ... £814, "!23 £700,140 £23,074 Expenditure 510,833 476,000 34,107 •Net revenue £303,290 £313,483 *£10,193 WHOLE SYSTEM. Revenue ... £.8,288,110 £7,571,536 £716,580 Expenditure 7,358,850 0,882,500 470,050 Net revenue £020,257 £058,727 £240,530 ♦Increase in net revenue. Following is a comparison of the Department's results for the last six years, in which the new method of accountancy has been in force:— Net Revenue. Expenditure. Revenue. 1025-20 .. £8,101,221 £0,408,42.8 £1,632,793 1026-27 .. 7.989,43.'! 6,490,880 1,498,553 1027-28 .. 8,034.1170 6,685,123 1,349,847 1028-20 .. 8,240,038 6,840.383 1,309,655 1929-30 .. 8,288,110 7.355.550 020.257 1930-31 .. 7,571,530 6,882,800 088,727 Accounts of the subsidiary services are given under four headings. Miscellaneous revenue, which is not particularised, amounted last year to £370)853, a decrease of £9234. Expenses of the Lake Wakatipu steamer service exceeded revenue by £4900, as against £0927 in the previous year. Gross revenue from refreshment rooms, advertising, road motors and other services was £293,874, a decrease of £19,006, while the expenditure was £284,192, or £20,450 less than in the previous year. Rents from Departmental dwellings amounted to £116,250, an increase of £0608, while the expenditure was £178,410, a reduction of £9406. The expenditure comprises maintenance, depreciation, interest and insurance.