Net Revenue Of £701,064

Northern Advocate, 12 May 1939, Page 2

Net Revenue Of £701,064

•—RAILWAYS’ YEAR.

[Special to “Northern Advocate ”J WELLINGTON. This Day. The accounts of the Railways Department, covering operations during the year ended March 2!, were published in yesterday’s Gazette. The figures show a net revenue of £701,064. compared with £632,797 last year, and a Budget estimate of £300.000. Following is a comparison of. the accounts for the last two years, showing the results of railway operations in the two islands, and the aggregate transactions in respect of, other services;—

For the four-weekly period ended March 31 the net earnings were £254,120 as against £52.378 last year, an increase of £201,748. Tire gross earnings for the period were £921.309. winch is £183,940 more than in the equivalent period last year. Expenses amounted to £607.243, a decrease of £14,808.

North island. 1937-38. 1938-39. Increase. £ £ £ Revenue 4.620,324 4.929.016 308,692 Expenditure 4.316.519 4.584,944 288.425 Not Revenue 303,805 344.072 40,267 South Island. Revenue . . - 2.971.500 3,076,043 104,543 Expenditure 2.975.266 3.078,688 103,422 Net Revenue r ninus 3,706 minus 2.645 1.121 Other Services. Revenue 1.042,361 1.340.328 297,967 Expenditure . 709.603 980,691 271,088 Net Revenue 332.758 359,637 26,879 Whole System. Revenue 8,634.186 9.345,388 711.202 Expenditure 3.001.385 8.644,324 642,935 Net Revenue 632.797 701,064 63,267 * Decrease in working loss.