RAILWAY YEAR

New Zealand Herald, Volume LXXVIII, Issue 23954, 2 May 1941, Page 8

RAILWAY YEAR

NET YIELD £1,694,644 GROSS INCOME £11,160,218 BUDGET ESTIMATE EXCEEDED (0.C.) WELLINGTON, Thursday Detailed accounts of the Railway Department covering operations during the year ended March .41, coiicerniiijr which the Minister made a preliminary statement last week, wore published in to-day's Gazette. J.hey show a net revenue for the 12 months of £ 1,694,644, compared wit-h £1.189,031 Inst year, and a Budget estimate of £1,200,000. Following is a comparison of the accounts for the last two years, showing the results of railway operation in the two islands, and the aggregate transactions in respect of otlrer services:

NORTH ISLAND lijio-tt .ln.'iO-lO Increaue Revenue .. <>,1*0,711 5,521,010 Expenditure 5,131.001 Net revenue 1,057,7.->0 707,817 310.033 .SOUTH ISLAND Revenue .. ' 3..VM.4-IO 3.23(1,908 207.148 Expenditure 3,'J<l, 3. !«.<>,—* < 1* •- » * Net revenue '22!),050 110,701. 118.049 OTHER SERVICES Revenue . . 1,400.028 1.437,132 28,500 Expenditure 1,058,7b5 1,060,010 Net revenue 407,213 370,513 36./30 WHOLE SYSTEM Revenue .. 11,100,218 1.0,190,070 001.14? Expenditure 9,105,571 0,010,030 Net revenue l.ooii.oit l,lSi),o:il 505.013 * Decrease. For the four-weekly period ended March 31 the net earnings were £221.180. as against £277.010 last year, a decrease of £52.524. 't he gross earnings for the period were £1,038,893, winch is £3l ,778 more than in the equivalent .period last year. Expenses amounted to £811.107, an increase of £84,302. There was no Easter holiday traffic included, while the whole of it fell in the last four weeks of the preceding year. _ Operating revenue in the North Island was £572,209, an increase of £29.237. Expenses amounted to £425.526, an increase of £35,904. Net earnings were £6667 lower, being £116,773, against £153,440. In the South Island receipts were £32!),931 and expenses £274.211, increases of £6473 and £30,905 respective! v. Net earnings decreased by £21.432 to £55.723. The revenue from miscellaneous services was £ 136.660 and the expenditure £114.670, giving a net revenue of £21,990, a decrease of £21,125 on the result last year.