RAILWAY FINANCES
HUGE LOSS IN RECENT YEARS
CONFERENCE. SUGGESTED
(Received 10th November, 10.30 a.m.) SYDNEY, This Day.. The Commonwealth Railway Commissioner, Mr. Gahan,l in a report advocates the elimination of present division of control (seven separate administrative systems), and the 'convening of a conference of all Eailway Commissioners for- the purpose of seeking a solution of the problem, of the drift of Australian railway finances. - The report stated that for the past five- years the aggregate recorded loss of Australian railways was £31,488,----000. This did not allow for depreciation. ■ . ' : . : The results of the working of the Commonwealth and State railways for th& year ended 30th June, 1930, were: Revenue, £45,852,919; working expenses, £38,320,720; interest, £16,023,----838; loss, £8,491,639. Mr. Gahan suggested that a committee of the controlling Railway Commissioners of Australia should investigate the railway position on a national basis.
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Evening Post, Issue 113, 10 November 1930, Page 9
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139RAILWAY FINANCES Evening Post, Issue 113, 10 November 1930, Page 9
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