Railways Show Increased Profit
f Per Press Association. Copyrightl WELLINGTON, This Day.
The financial results of railway operations from April 1, 1939, to January 6, 1940, were announced by the Minister of Railways last evening. “For this portion of the current financial year preliminary figures show the gross revenue to be £7,336,721 and gross expenditure £6,845,034, indicating a net revenue of £491.687 for the 40 weeks,” said Mr Sullivan. “The net revenue position .is £438,762 better than at the corresponding date in 1939. “The net revenue to January 6 is £21,000 in excess of the amount upon which the department’s estimates for the Budget were based. “This further confirms the opinion previously expressed that the net revenue of the department, for the current financial year will probably be in the vicinity of £1,250.G00."
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Northern Advocate, 1 February 1940, Page 9
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133Railways Show Increased Profit Northern Advocate, 1 February 1940, Page 9
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