RAILWAY FINANCES

Evening Post, Volume CXXXI, Issue 143, 19 June 1941, Page 8

RAILWAY FINANCES

FIGURES FOR MAY

IMPROVED POSITION

"Preliminary returns of railway revenue and expenditure for the second four-weekly period of the current financial year indicate an increase in net revenue of approximately £28,485, compared with the figures for. the corresponding period of last year," said the Acting Minister of Railways (Mr. Nash) today.

"The approximate gross revenue from April 27 to May 24 amounted to £914,322, against £879,818 for the second period of last year, an increase of £34,504. The expenditure (£750,----997) this year was only £6019 in excess of last year's second-period disbursements. The net revenue for the second period of 1941 and of 1940 respectively was £163,325 (tentative) and £134,840, an increase this year of £28,485.

"This satisfactory result," said the Minister, "represents a recovery of practically one-half of the decrease (£57,039) which marked the net revenue for the first four-weekly period of this year in comparison with that of the first period of 1940."

The returns for the eight weeks from April 1 to May 24 disclose gross revenue of approximately £ 1,743,664 compared with £1,781,481 received during the April-May periods of 1940— a decline of £37,817. Against this, however, there has been a reduction of £9263 in the expenditure. The approximate net revenue for this year's first and second periods amounted to £298,876, which was £28,554 less than the net revenue for the relative eight weeks of 1940.