RAILWAY FINANCE
RESULTS OF PAST YEAR A GREAT IMPROVEMENT NET REVENUE £1,225,305 The extent to which the railway finances have Improved may bo gauged from the fact that whereas in 1921-22 the net revenue from North Island lines was only £517,427, and. there was a deficit of £111,563 on the South Island lines, the former have produced in 1922-23 a not revenue of £927,713, and the latter a net revenue of £297,592.
The total revenue for 1922-23 shows an increase of £84,301 upon that of 1921-22, and the expenditure a decrease of £735,230. The expenditure for 1922-23 has been 81.79 of the revenue. The percentage for 1921-22 was 93.89. Hie 1922-23 excess ot revenue over expenditure is £1,225,305. The 1921-22 figure was £405,864. The following table shows the comparison between the total revenue and expenditure lor 1922-23 and 1921-22 respectively; — Revenue Expenditure
£ 1922-23 6J27,802 1921-22 6,643,591 £ 5,502,497 6,237,727 tea 8W01 . A more detailed comparison between tho results of the 1921-22 and the 1922-23 results is appended: — revenue. 192S-23. North Island: £ <!• Whansarei IM 9 “ 1921-22. £ s. d. 70.199 19 1 9.907 18 0 Gisborne 38.361 7 7 N.I. main lines and branches 3,888,546 18 8 442160 19 1 3.897.030 6 6 Total 4.C09.677 9 8 4,021.399 1 8 South Island: S.I. main lines and branches 2.334,586 3 10 Westland 184,755 14 1 Westport 125,242 16 10 Nelson 23,823 10 o Picton 40,366 4 1 Lake Wakatipu steamern 9,3bG ( 11 2,238.023 4 9 189,150 3 4 116,458 18 4 28.194 12 6 43,351 7 2 8,019 6 4 Total 2,718,124 17 2 2.622,191 12 5 Grand total 6,727,802 6 10 6.643.590 14 1 expenditure. 1922-23. North Island: £ s. d. sz M -.=. Gisborne o3,94o 1 7 N.I. main lines and branches 2,946,8o9 18 5 1921-22. £ s. d. 80.870 2 6 10.851 0 2 38.534 6 11 3,373.716 5 0 Total 3,681,964 2 7 3.503.971 14 7 South Island: S.I. main lines r r and branches 2,093,221 5 6 Westland 167,611 0 0 Westport 76,127 1 o Nelson ? ? 2,377.517 9 2 175.409 17 1 85.581 6 3 36.505 15 3 45,401 5 3 Lake Wakatipu steamers 14,099 17 1 13.339 2 7 Total 2,420,532 12 7 2.733,754 15 7 Grand total 5,502,496 15 2 . 6,237,726 10 2 Following is a comparison of the railway finances for tho past five r ears: - Net Revenue Expenditure Revenue Year £ £ £ 19194,988,632 3,308,575 1,680,057 1920 .. 5,752,487 4,105,067 1,647,420 1921 .. 6,908,531 5,636,601 1,2/1,931 1922 .. 6,643,590 6,237,72/ 40a,864 1923 •• 6,727,802 5,502,497 1,22a,30a
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Bibliographic details
Dominion, Volume 16, Issue 199, 11 May 1923, Page 6
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411RAILWAY FINANCE Dominion, Volume 16, Issue 199, 11 May 1923, Page 6
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