GAIN OF £18,750

New Zealand Herald, Volume LXXVI, Issue 23482, 20 October 1939, Page 8

GAIN OF £18,750

RAILWAY REVENUE PERIOD TO SEPTEMBER 16 WORKING DEFICIT OF £7814 [BY TELEGRAPH —OWN* CORRESPONDENT] WELLINGTON, Thnrsday A loss of £7814 is shown by the railway working account for the fourweekly period ended September 16, an abstract ,of which appeared in tonight's Gazette. The result, compared with a loss of £26,566 for the corresponding period last year, represents an improvement of £18.752. The gross revenue for the four weeks was £700,853, which was £68,101 more than last year. Expenses were increased by £49,347 to £708,667. The operating account for the North Island lines shows a revenue of £367.870, an increase of £43,878, and expenses amounting to £380,501, or £27,701 more than last year. There was a loss of £12,631, compared with a loss of £28,808 last year. The . receipts for the South Island railways were £225,151, an increase of £10,126, and the expenses were £244,389, £10.426 higher. There was a loss of £19,238, compared with a loss of £18,938 last year. The balance of miscellaneous revenue Was £24,055, against £21.180 in 1938. The gross revenue was £107.832, and the expenditure £83,777. For the period from April 1 to September 16 there was a profit of £169,568, compared with a deficit of £33.058 last year. The gross revenue was £4,306,401, an increase of £364,333. The expenditure was £4,136.833, an increase of £161,707.

Following is a summary of the net results for the corresponding periods of four weeks in the last three years:— 1939 193S 1937 Period to X' £ £ April 29 . . 106,053 95,503 133,725 May 27 .. 116,29$ 53,292 10,245 .Tunc 24 .. 31,164 *20,70!) 14,427 July 22 .. *37,571 *51,271 *22,897 All(j. 19 .. *41,502 *50,607 *695 Sept. 16 .. *7,S'l4 *26,566 *13,430 169,568 *33,058 154.234 ♦Loss on working.