RAILWAY RETURNS

Evening Star, Issue 21715, 9 May 1934, Page 8

RAILWAY RETURNS

THE YEAR’S OPERATIONS AN ENCOURAGING REPORT [Per United Press Associatiox.] WELLINGTON, Alay 9. Air Newman, acting-chairman of the Railways Board, in a statement, said that the total revenue for the past financial year was £6,331,935, and the expenditure £5,246,365, giving a net revenue of £1,085,570. The passenger revenue was £1,336,329, an increaso of £129,003 over the previous year, which was particularly pleasing ap vindicating the policy of fares reduction. Another feature of improvement is shown in the goods revenue, which reveals an increase from £3,745,777 to £3,911,245. Although passenger revenue was assisted through tho inclusion of two Easter periods, accounting approximately for £50,000 of revenue, this naturally reduced to some extent the revenue, from freight. Tho imErovement in the freight traffic lias een a constant feature of the year’s work, the principal increases coming from the primary industries. Farming products accounted for over £IOO,OOO increase. Tho net revenue earned by the railways was £364,078 in excess of the Budget estimate.