RAILWAY FINANCE

Dominion, Volume 18, Issue 90, 11 January 1924, Page 6

RAILWAY FINANCE

REVENUE STILL ON THE UP GRADE EXPENDITURE SHOWS FURTHER FALL An appreciable increase in revenue and a further decrease in expenditure are cheering features of the railway returns issued last night for the period April 1 to December 8. The railway returns for the period from April 1 to December 8, 1923, wh’ch follow, show an increase of £166.964, and the expenditure a decrease of £153,919 on the similar period in the previous year:—

The percentage of expenditure to revenue was as follows :—North Island, 1323 76.52; 1922. 8-5.30. South Island, 1923, 93.54; 1922, 97.43.

REVENUE. 1923. 1922. £ £ North Island 2,677,784 2,535,136 South Island 1,779,618 1,755,282 4,457,402 3,290,418 EXPENDITURE. North Island 2,048,977 2,162,410 South Island 1,664,022 1 710,107 3,713,599 3,872,517 FIGURES FOR FOUR-WEEKLY PERIOD. The revenue for tho four weeks endin'! December 8 was as follows: — 1923. 1922. North Island— £ £ Whangarei 7,182 5,639 Kaihu 703 821 Gisborne 3,249 3,152 Main Line 324,992 307,745 Totals 336,126 317,358 South Island' — Muni Line 177,304 162,299 Westland 17,299 11,539 Westport 3,240 7,283 Nelson ‘2, 195 1,817 P.cton 2,833 2,825 Wakatipu steamers 763 566 Total 203.636 186,332 Grand total ... 539.763 503,691 Ti’o expenditure for the four weeks was:— 1923. 1922.' North Island — £ £ Whangarei ' 7,021 9,190 556 Gioliorne 2,715 2,385 Mam Line 217,000 225,887 Total 227,479 238,019 South Island — Main Lino 152,321 162,157 Westland 19,559 13,238 Westport 5,654 Nelson 2,125 1’ieton 2,988 5,672 2,198 2,745 929 Wakatipu steamers 731 Total 183,382 186,942 Grand total ... 410,862 424,961