DEFICIT OF £14,500,000.
FRENCH RAILWAY LINES. LOSSES STILL CONTINUE. tlJeceived Ausust 12, 10.13 p.m.) z . PAHIS. August 12. The deficit on the French railways for 1950 was £14,500,000, and, judging by the half-year's returns, it will bo £21,500,000 in 1931. In crder to placo the lines on an economic basis it is proposed to raise the fares by 25 per cent., to close many stations, and abolish certain local lines, substituting motor-omnibuses or light motor vehicles which will use the railway lines.
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Bibliographic details
New Zealand Herald, Volume LXVIII, Issue 20950, 13 August 1931, Page 11
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82DEFICIT OF £14,500,000. New Zealand Herald, Volume LXVIII, Issue 20950, 13 August 1931, Page 11
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