RAILWAY FINANCES

Evening Star, Issue 22881, 12 February 1938, Page 11

RAILWAY FINANCES

FOUR-WEEKLY ANALYSIS DECREASE IN HOLIDAY RETURNS [Per United Press Association.] WELLINGTON, February 11. A working profit of £87,395 is shown in the railway accounts for the four weeks ended January 8, an abstract of which appears in the ‘ Gazette.’ The result, which covers the greater part of the Christmas and New Year holiday period traffic, repesents a decrease of £32,086, compared with the corresponding period last year. The gross receipts amounted to £677,777, or £36,235 more than last year. Expenses, at £590,382, were £68,321 higher. The operating account for the North Island shows a revenue of £356,962, an increase of £12,412. The expenses were £314,933, or £36,607 higher. Net revenue, at £42,029, was £24,195 less than a year ago. In the South Island receipts were £219,627, and expenses £214,046, these amounts being £3,613 and £17,657 respectively greater than the corresponding figures last year. Net revenue decreased by £14,044 to £6,581. The balance of miscellaneous revenue was £39,785, an increase of £6,153. Gross revenue was £lOl,lBB, and gross expenditure £61,403. "V Revenue for the 40 weeks from April 1 to January 8 amounted to £6,349,680, an increase of £747,440. Expenses, totalling £6,030,759, were £937,128 higher.. Net revenue, at £318,921, decreased by £189,688.