LESS PROFIT.
TOTAL OF £1,051,477. RAILWAY OPERATIONS. FORECAST EXCEEDED. (By Telegraph.—Own Correspondent.), WELLINGTON, this day. Published in yesterday's Gazette, the Railway Department accounts, covering operations during the year ended March 31, showed a net revenue of £1,051,477, compared with £1,087,491 last year and a Budget estiuiate'of £950.000. A comparison of the accounts for the last two years, showing the results of railway operation in the two islands and the aggregate transactions in respect of other services,'is as follows: —. NOJtTH ISLAND. 1934-33. 1935-3 C. Increase. Revenue . . £3,157.3"tt £3.712.223 £234,867 Expenditure 2,9(J5,(t27 3,222,821 234,194 Net revenue £i 55,729 £489,402 £673. SOUTH ISLAND. Revenue . . £2.430.708 £2.331.296 580.38S Expenditure 2.169.961 2,300,372 130,411 Net revenue £280,747 £230.924 £49,823* OTHER SERVICES. Revenue .. £719.564 £760.797 £40,933 Expenditure 401,549 429,646 27,797 Net revenue £318,013 £331,131 £13,136 WHOLE SYSTEM. Revenue . . £ft,627,928 £7,004,316 £376,35S Expenditure 5.340,437 5,932,539 412,402 Net revenue £1,087,491 £1,031,477 £36,014* ♦Decrease. The results secured by the Deportment in the past 11 years in which the new method of accountancy has been in force have been as follow: — Net Revenue. Expenditure. Revenue. 1925-20 £5,101,221 £6,468,428 £1,632.793 1926-27 7.959.433 6.490,880 1,498,553 1927-28 8.034.970 6.685,123 1,3-19,847 1928-29 5,249.038 0.849.383 1.309.C.55 1929-30 8,288.116 7.358,859 929,257 1930-31 7.571,536 6.882.809 655.727 1931-32 6.508,948 5.670.955 837,993 1932-33 6.034,403 5,183,859 850,544 1933-34 6.332.711 5,247,153 1,085,558 1934-35 0,627,928 5,540.437 1,087,491 1935-36 7,004,316 5,952,839 1,051.477 For the four-weekly period ended March 31 the net earnings were £184.144, as against £164,728 last year, an increase of £19,41(1. The gross earnings for the period were £740,185, which is £112,770 more than in the equivalent period last year. Expenses amounted to £556,041, an increase of £93,354.
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Bibliographic details
Auckland Star, Volume LXVII, Issue 114, 15 May 1936, Page 9
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266LESS PROFIT. Auckland Star, Volume LXVII, Issue 114, 15 May 1936, Page 9
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