NET INCREASE

Evening Post, Volume CXVI, Issue 65, 14 September 1933, Page 10

NET INCREASE

RAILWAY REVENUE

FIGURES FOR TWENTY WEEKS

An increase in the railway revenue of £32,588 for the first twenty weeks of tho financial year was announced last night "by Mr. 11. 11. Sterling, chairman of tho Railways Board, who expressed gratification with tho result.

Mr. Sterling said that the fourweekly period ended August 19 last showed only negligiblo variations in revenue and expenditure compared with last year. The expenditure increased by £185 and revcuuo decreased by £2588, making tho net revenue for the four weeks £2773 less than for the corresponding period last year. In the* 20 weeks of tho financial year from April 1 until August 19 tho revenue showed a decreaso of £12,016 and expenditure decreased by £44,604, the resultant incrcaso in not revenuo being £32,588.

"Tho decrease in the gross revenue for the period was a little disappointing1, although tho amount of variation, namely, £2588, on a turnover for the period of over half a million of money, could hardly be regarded as having any great significance," Mr. Sterling added. "When compared with the rates of decrease iv the revenue that havo been experienced in tho last two years, the sinallness of tho amount, "especially when considered in the light of the improvement in revenuo over tho last few four-weekly periods, affords some justification for still holding that the revenue position is stabilising. The cessation of decrease in expenditure also serves to show what has been intimated in previous statements. Costs have now been reduced to what may be regarded as approximating1 the minimum."