RAILWAY EARNINGS.

Auckland Star, Volume LXVIII, Issue 251, 22 October 1937, Page 9

RAILWAY EARNINGS.

PROFIT DOWN BY £7800.

EXPENSES MUCH HEAVIER

(From Our Correspondent.) WELLINGTON, Thursday. A working profit of £13.430, a decrease of £7842 compared with the figure for the same period last year, is revealed in the railway working account for the four-weekly period ended September 18. The gross receipts for the four weeks were £617,708, or £70.783 more than last year. Expenses at £604.278 were £78,625 higher.

The operating account for the North Island shows a revenue of £327,654, or an increase of £46,747. and expenses amounting to £326,378, or £46.282 more than last year. There was a profit of £1276, compared with £811 last vear.

The receipts for the South Island were £215.744, an increase of £14,023, and the expenses were £224.680, or £20.162 higher. There was a loss of £8936, compared with a loss of £2797 last year.

The balance of miscellaneous revenue was £21,090, against £23,258 in 1936. The revenue was £74,310 and the expenditure £53,220.

For the period from April 1 to September 18 the net revenue was £184.234 m against £356,001 last year. The gross revenue was £3,802,012, an increase of £503,951. The expenditure was £3,617,778, an increase of £675,718.

Following is a summary of the net results for the corresponding periods of four weeks in the last three years:—

Period to 1937 1936 1935 £ £ £ May 1 133,725 124,370 117,691 May 29 46,240 115.758 106,304 June 26 11,427 (59,940 40.342 July 24 22,897' 29,632 603* Auf. 21 695* 4,971* 19,095 Sept. 18 .... 13,430 21,272 39,174 183,234 356,001 321,908 •Loss on working.