RAILWAYS STATEMENT

Bay of Plenty Times, Volume LXVII, Issue 12822, 17 August 1939, Page 2

RAILWAYS STATEMENT

RESULTS OF WORKING The following particulars of the results of working for the year ended March 31,1939, were given in the Railways Statement: Total miles open for traffic 3,319 Average miles open for year 3,319 Capital cost of opened and unopened lines £ 67,075,908 Capital cost of open lines - £ 58,676,608 Capital cost per mile of open lines ........ £17,679 Gross earnings £ 9,345,387 Working expenses £ 8,644,324-

Net earnings £ 701,063 Interest charges —£2,418,116 Percentage of total working-expenses to gross earnings 92.50 Percentage of net , earnings to capital invested 1.23 Railway operating earnings £ 8,005,059 Railway operating expenses - £ 7,663,632 Net railway operating# earnings. - £ 341,427 Percentage of railway operating expenses to earnings 9 5.73 Operating, earnings per average mile open £ 2,412 Operating expenses per average mile open £2,3 0 9 Net operating earnings per average mile open £ 10 3 Operating earnings per train-mile 146.9 6cl Operating expenses per train-mile 14 0.7 0 d Net operating earnings per train-mile 6.26 d Passengers, ordinary 7,813,436 Season tickets 888,844 Total passenger journeys 23,265,768 Goods tonnage 6,917,257 Live-stock tonnage 621,755 Train mileage 13,072,615 Engine mileage 17,817,799 For the current year it is anticipated that the revenue will reach £ 10,214,700, and the expenditure £ 8,964,659.