VICTORIAN RAILWAYS.
[Per Press Association.'J MELBOURNE, Dec. 28. Departmental returns dealing with forty of the colony’s railways, chiefly in the country, show that thirty-three do not pay working expenses, the deficiency on that account reaching over £41,000 for the year 1895-96.- Adding interest on the cost of construction, the year’s cost to the country is .£179,000. Other fifteen lines pay worldng expenses with a profit of £48,000, but taking interest on construction into account there is a deficiency of .£73,000. Taking forty-eight lines together at a capital cost of .£6,462,000, exclusive of rolling stock, there is a net profit on the working of £6600, but the shortage, in interest makes the whole deficit over a quarter of a million. The cost of worldng some lines is from ten to fifteen times what they earn.
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Bibliographic details
Lyttelton Times, Volume XCVI, Issue 11152, 29 December 1896, Page 5
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134VICTORIAN RAILWAYS. Lyttelton Times, Volume XCVI, Issue 11152, 29 December 1896, Page 5
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