PROFIT OF £405,864.
YEAR'S RAILWAY EARNINGS.
NORTH ISLAND: £517,4-28.
LOSS ON SOUTHERN LINES.
SMALL DECLINE,IN TRAFFIC.
[by tkleo.ua I'H. —rrtuss association.] WELLINGTON. Thursday. The working accounts of tho Department of Railways for tho year ended March 31 were publshed in the Gazette this evening. Th<a results in comparison with thoso for the previous year are as follows: — North South 1921-22. Inland Island., Total. Revenue ..£1,021,300 £2.622.191 £6.643.590 Exponsos . 3,503,971 2,733.751 6,237,726 Net earning*! £517,128 £111,563* £105,861 * Exccaa of working expenses. North Son tli 1920-21. Island. Island. 'total. Revenue . . £4,134,985 £2.773,645 =Expenscs .. 3,126,400 2,510,200 636,600 Net earnings £1.008,585 £263,345 £1,271,9,il In the North Island working expenses absorbed 87.13 per rent, of the revenue, compared with 75.61 per cent, in the previous year. In the South Island the expenditure was in the proportion of 101.25 per cent., against 90.51 per cent, ill 192021. For tho whole service, the rate of expenses was 93.89 per cent., against 81.59 per cent, in tho previous year. Following aro details for tho various sections: — NOKTFI ISLAND. Revenue. Expenses. £ £ Wlmnga-rei - . 70,199 {10,870 KaJllu .. •• 9.907 >Q,8o! ""JistKjrrie - • 44,-60 33,531 . Main Lines and _ _ . branches . . 3,897,030 3,0/3,711> Total* £4.021.399 £3,503,971 SOUTH ISLAND. £ £ Mh,in lines and Branches . . 2,238,023 2.W7.517 Wesf.land . . 189.150 175.409 WestportJ ■> 1)5,452 85,581 Nelson -. 28.191 36,505 Picton ... 43,351 15.401 Lake Wakatipu steameis • • 8,019 13,339 Totals . - £2.622,191 £2.733.754 Grand totals £8,643,590 £6.237.726 The year's traffic was as follows, comparisons being made with the previous year's returns: — Passengers, No. . . 14,262.440 dec. 1,053,200 Season tickets. No. 472.865 inc. 8.174 Cattle. No 279,90-1 dec. 96,841 Sheep. No 7.46G.751 inc. 456.153 Pigs. No 168.764 inc. 50,140 Timber,- tona .. 706.212 dec. 9,489 Minerals, tons .. 2,'481.048 dec. 34,416 Other goods, tona . 2,741,853 dec. 110,342 Following is a summary of the net profits or losses for each four-weekly period in each island, and for the whole system:— North South , . Period to Island Island. Total. £ £ £ April 30 . . 58.017 10,432 68.179 May 28 .. 13.822 \ 18.203* 4.381* June 25 . . 13,333 23,405" 10,072* July 23 . . 13.327* , 35,798* 49.125* August 20 .. 9,497* 42.735* 52.232* Sept. 17 .. 20,081 27,021* 6,940* Oct. 15 .. 35,271 36,978* 1.707* Nov. 12„ . . 27.703 20,770* ■ 6.933 Dec. 10 . . 43.931 21.3C3* 22,672 Jan. 7 . . 129.399 45,757 175,156 Feb. 4 .. 73.928 8C69 81.997 MTrh 4 .. 67 .TV"! 25,670 113.202 March 31 . . 37.096 24,528 61,624 Totals . . £517,428 £111,563* £405,864 * Excess of expenses.
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https://paperspast.natlib.govt.nz/newspapers/NZH19220512.2.23
Bibliographic details
New Zealand Herald, Volume LIX, Issue 18088, 12 May 1922, Page 4
Word Count
380PROFIT OF £405,864. New Zealand Herald, Volume LIX, Issue 18088, 12 May 1922, Page 4
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