SMALLER DEFICIT
VICTORIAN RAILWAYS . BIG INCREASE IN TRAFFIC MELBOURNE, Sept. 3 A deficit of £506,306, which is £60,144 less than in the previous .year, is shown in the annual report of the Railway Commissioners. A tremendous increase in the volume of traffic is revealed, which the Commissioners attribute to the policy of lower fares and more efficient services.
The revenuo increased by £270.758. Working expenses were £234,470 higher and interest charges £23,856 lower. The revenuo from country passenger lines increased by £41,847 and from goods and livestock by £212,405. These figures do not indicate the true normal increase, as last year the Centenary traffic brought an increase of £130,000. Suburban passengers carried totalled 134,037,069, and country passengers 5,425,676. The Commissioners estimate that the railways were deprived of goods revenue totalling £1,000,000 by road transport.
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New Zealand Herald, Volume LXXIII, Issue 22515, 4 September 1936, Page 11
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134SMALLER DEFICIT New Zealand Herald, Volume LXXIII, Issue 22515, 4 September 1936, Page 11
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