HIGHER RAILWAY PROFITS.
INCREASE DESPITE STRIKE. t
GAIN IN. THE SOUTH ISLAND
[BY TELEGRAPH. — ' COBJLESFC ' HJENT.] WELLINGTON. Tli>: -sday. v A working profit of £118,778 is shown by the- Railway Department's accounts for the, firstfour weeks, . ended April 26, v:i-r of the new financial year. ■ This period in-\ eludes five days of the strike,- which continued for three days beyond that covered V by the present return. Nevertheless, the .• profits were higher than in the corresponding .«period of last year, when•• <;, £108,197 were earned. , : The increase Is, of courefij chiefly attributable to the fact / that Easter fell in April this year, whereas last year the March period included Easter.' The gross .earnings, for the , period were i £473,304j •a' decrease of r £23,702, - while >;* expenses were £353,526, a decline b of; £32,283. Earnings in - " the ■ North lalanc 5 . were v .■ £276,651, a decline of £14,975," .-while ex-•■■■, penses, £204,678, showed - a reduction of £10,625: Profits were £71,973, a decline i -i; of £4350. • ■ i Revenue " "in •' the Sctuth Island . was £196,653, ;; a decline' of £5727, while ■ ex-penses-were; £148,848, a reduction of ' \ £21,658. Profits : were £47,805, ian increase of £15,931. v ; 1 ■
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19240530.2.74
Bibliographic details
New Zealand Herald, Volume LXI, Issue 18722, 30 May 1924, Page 6
Word Count
191HIGHER RAILWAY PROFITS. New Zealand Herald, Volume LXI, Issue 18722, 30 May 1924, Page 6
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in