RAILWAY PROFITS.

Hawera Star, Volume XLVIII, 23 June 1924, Page 5

RAILWAY PROFITS.

NORTH LEADS THE SOUTH. SIX PER CENT. AGAINST TWO. (BY TELEGRAPH —ppess ASSOCIATIONS WELLINGTON, June 22. The profits on the working of the railways was referred to by the general manager of railways (Mr. R. W. McY illy) a,t a. social in connection with the conference of the Railway Officers’. Institute on Saturday night. Mr. McY 7 illy stated that after 45 years’ service he could say, having regard to the policy under which 'they »\ ere run and the special circumstances created- —he did not create them—the railways had performed useful service m spite- of the reported mismanagement. In the North Island, where the principal railway business was, they had had a, chance to run things and had paid £6 10s per cqn,t, while in, the South Island, ivitli level roads, much poor country and a- sparse population, they had paid £2 2s 6d per cent. The South Island had been a burden to them, and the department- Was not responsible for the -policy which decided where lines should be laid down, and if at the end. of the- year things were bad it was said to be mismanagement. i i he had received valuable support, mentioning Messrs, Sterling, Buxton and Bevin, and he added that what he had done they could do. Mr. McVilly hinted that- it would not be long 'before he would be retiring.