RAILWAY REVENUE.
GREAT INCREASE.
NET PROFIT FOR THE YEAR,
£412,000.
PROGRESS OF THE COLONY. [BY TELEGRAPH.— OWN CORRESPONDENT.] Wellington, Monday. The railway receipts for the financial year amount to £1,113,000. This is the largest sum ever earned by the railways in a single year. The accounts are not yet completely made up, but the expenditure is estimated at about £700,000, leaving a profit of £412,000. This is £12,000 more tliau the results estimated by the Commissioners as net profit, of_ which I informed you in a former wire. Considering the strikes during the past year, the withdrawal of the re von no from passenger traffic in connection with the Dunedin Exhibition, and the enhanced prices of material, this result is regarded as most satisfactory, and illustrative of the steady advance of the colony in all kinds of industrial enterprise. The great increase in railway traffic is derived rather from goods than passenger traffic, which emphasises the conclusion that the progress of tho colony is a progress in substantial wealth, and not in speculative . value.
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Bibliographic details
New Zealand Herald, Volume XXVIII, Issue 8534, 7 April 1891, Page 5
Word Count
174RAILWAY REVENUE. New Zealand Herald, Volume XXVIII, Issue 8534, 7 April 1891, Page 5
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