BETTER RESULTS
THE RAILWAY FINANCES
SUBSrANTIAL SURPLUS ON
YEAB'S WOEKING.
Details of the financial operations of the State railways during the year ended 31st March last are published in last night's i'Gazette," and they reveal a more satisfactory state of affairs. Compared with the previous financial year the revenue increased by £84,301, while the expenditure decreased by r-£735>230, a net improvement of £819,531. The revenue for 1922-23 was £6,727,802; and the expenditure £5,502,497, making an. excess of revenue over expenditure of £1,225,305. Following is a table of the revenue and expenditure for the two years:— Revenue. Expenditure. : ■■£■.■£ 1922-25 6,727,802 5,502,497 1921-22 6,643,£91 6,237,727 Increase 84,301 ■ Decrease , 735,230 The revenue of North .Island linen decreased by £11,722, while that of the SoutH Island increased by £95,933. A detailed comparison of the results achieved on the various sections is appended (shillings and pence being omitted):— ■ ■ : REVENUE. , 1522-23. 19.21-22. North Island— £ . ' £ Whiingarei 73,963 . 70,200 Kaihu 8,866'■'., 9 908 Gisborne 38,301,., ,44,261 Main Trunk line and branches ... 3,888,547" 3,897,030 Total 4,009,677 .7,021,399 South Island— ■ ■ '.;:.'■ Main Trunk line and branches ... 2,334,586 2,238,023 \Ve3tland 194 756 189150 Westport 125,243 115,453 1 Nelson 25,323 23,195 Pioton '. 40.366 43,351 Lake Wakatipu ... 9,350 "8,019 Total 2,718,124 !2;6!22;i91 Grand total ...... 6,727,802 .6,643,590 EXPENDITURE. 1922-23. 1921-22. &. & North Island— Whangarei 92.585 80,870 Kaihu 8,593 10,851 Gisborne , 35,946 38,534 Main Trunk line and branches ... 2,946,840 3,373,716 Total ....... 3,081,964 3,503,971 South Island— Main Trunk line and branches ... 2,093,221 2,377,517 Westland 167,611 175,409 Westport 76,129 85,681 Nelson , 30,775 36,505 Picton 38,696 45,402 Lake Wakatipu ... 14,100 - .13,340 Totals 2,420,532 2,733,754 Grand totals ... 5,502,497 6,237,727 Following is a comparison of the railway, finances for the past five years:— Net Revenue. Expenditure. Revenue. Year. S. £. ■■■£. 1919 .., 4,988,632 3,308,575 1,680,057 ■ 1920 ... 5,752,487 4,105,067 1,647.420 1921 ... 6,908,531 5,636,601 1,27i;931 I 1922 ... 6,643,590 6,237,727 405,864 1923 ... 6,727,802 5,502,497 1,225,305
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https://paperspast.natlib.govt.nz/newspapers/EP19230511.2.18
Bibliographic details
Evening Post, Volume CV, Issue 111, 11 May 1923, Page 3
Word Count
298BETTER RESULTS Evening Post, Volume CV, Issue 111, 11 May 1923, Page 3
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