Decline in Railways Revenue.

Mt Benger Mail, 16 September 1931, Page 1

Decline in Railways Revenue.

tM ilt IALS BEFORE INTEREAR I V * I LM M ITT EE, Wellington, Sept. . The Interparly Finance lomlulilee is recalling important administrative oft leers, and to-day il had under examination tor an hour Uoiouei Essou i(.'Siairmau of tin- Railway Board,) and Mr H, 11. Sterling i,general manager of railway s). The linanec of this department lias an important bearing on Unbalancing of tile Budget, as ally dt licicney in interest on railway capital must be met by taxation, it is understood that the railway witnesses wen.- unable to give tlie committee any nopeful opinions, as the drop in the revenue for tlie year to date is tbbU,UUU, while for tlie July period the drop was ill Lb,ooo, and the preliminary ligures for August show a revenue decline of about JC93,uuu.