RAILWAYS REVENUE.

Auckland Star, Volume LXIII, Issue 226, 23 September 1932, Page 5

RAILWAYS REVENUE.

PROFIT FOR AUGUST MONTH.

FIRST FOR PERIOD IN YEARS. (By Telegraph.—Prtss Association.) WELLINGTON, Thursday. A working profit of £18,179, replacing the loss of £31,547 returned for the corresponding period last year, is ehown by the railways working account for the four weeks ended August 20, ae published in the "Gazette." This is the first time the Auguet period has shown an operating profit for several years. The groes revenue was £409,550, which was £9621 less than a year ago, and expenses were reduced by £59,347 to £391,371. The operating account for the North Island shows a revenue of £216,606, a decline of £6116, and expenses totalling £210,746, a reduction of £35,223. There Was a, profit of £5860, compared with a loes of £23,247 last year. The receipts of the South Island railways w-fere £143,746, a decline of £2523, and expenses were £154,660, a reduction of £22,363. There was a Working loss of £10,914, compared with £30,754 la.-st year. v For the period from April 1 to August 20 net revenue was ae against £151,073 last year. The gross revenue was £2,226,635, a decline of £1815.460. The expenditure was £2,011,736, as against £2,261,122, a reduction of £62,926.