RAILWAYS IMPROVING.

New Zealand Herald, Volume LIX, Issue 18250, 17 November 1922, Page 8

RAILWAYS IMPROVING.

RETURNS FOR 28 WEEKS. NET EEVENUE OF £259,426. [BY TELEGRAPH. —PRESS ASSOCIATION.] WELLINGTON. Thursoay. Receipts exceeding working expenses by £40,246 are shown by the Railway Department's Working Account for the four weeks ended October 14. The net revenue for the September period waa £40,663. Details for the various sections axe;— ' NORTH ISLAND. Receipts. Expenses. £ £ Whanaarei ». .. 4.775 6,015 Kaihu «. .. .. 666 621 Gisborne .. .. . . ■ K. 234 2,886 Main linen and branches 268.223 221.688 Totals £276,900 £229.406 SOUTH ISLAN». ' Receipts, Expenses. £ £ Main liner and branches 148,165 166,968 Westland .. . . .. 18.791 12,088 Westport .- .. .• 8,562 6,118 Nelson .. . . .. 1.670 2,416 Picton .. .... 2.966 8.824 Lake Wakatipu steamers 477 936 Totala £175,604 £181,852 Grand totals .. ..£461,604 £411,269 The total revenue from April 1 to October 14 was £3,299,300, and the expenditure £3,639.894, the working profit being £259,426. The corresponding figures for last year were: Revenue £3,479,009, and expenditure £3,534,987, showing a loss on working of £55,878. Following is a comparison of the net earnings or losses for the North and the South Island systems for each four weekly period to date, with the corresponding returns for lasib year:— North Island. South Island. _ 1921. 1922. 1921. 1922. To £ £ £ £ April 29 . 68,047 64.229 10.432 85.949 May 37 . 18,821 28,812 18.203* 26,849 J'mo 24 . 13,833 15.716 23.405* 2.75!* J"ly 22 . 13.828* 9,205 85.793* 8,825* Atiff. 19 . 9.4<»8* 14.808 42,7.«6« 4 979* Sept. 16. 20.081 44,094 27,021° 3.431* Oct. 14. . 35.270 46.494 86.977* 6 248*

Totals . £117.723 £222.859 £173,707* £36.567 •Lom.