PROFIT SHOWN.

Auckland Star, Volume LXX, Issue 34, 10 February 1939, Page 9

PROFIT SHOWN.

LATEST RETURNS/ 'RAILWAY OPERATIONS. (By Telegraph—Own Correspondent.) WELLINGTON, Thursday. A decrease of £32/215, .compared with the corresponding period last year, is shown in the working profit of £u5,180 *ir the four weeks ended January 7, according to an abstract of the railway accounts' Gazetted to-night, The result covers the greater part of the Christmas and New Year holiday period- b,lt st must ha icmcmbe, ' cd that many intending travellers purchased their tickets in 'advance to avoid the 10 per cent increase in fares, willcli camo into force in December. The latest working profit is sullicient to Wine off the deficit which the accounts have shown since tbe return for the noriod ended August 20 and establishes, for the 40 weeks of the railway year now oovorod by the accounts, a worteing profit of £52,025. The "ross recoipts for the latest fourweekly*period amounted to £089,550, or £11770 more than last year. Expenses at £034,370 were £43,094 higher. Revenue for the 40 weeks from Apnl 1 to January 7 amounted to £0,00.,/aO, an increase of £307,070, Expenses total, I "|"g £.1,004,831 wore £574,0.72 higher Net rcVcnue at £52,025 decreased by £200,990.