RAILWAY EXPENDITURE
SIR F. BELL’S EXPLANATION. Referring to the expenditure in connection with the New Zealand railways, the Acting-Prime Minister (Sir Francos Bell) said the increase was largely due to heavy payments for material in the first quarter of tlhe present year. This material had been ordered some time ago, and yet was a ohatrge upon the revenue for this year. Sir Francis said the first -four months of this year were not by any means a fair, garage of what the surplus of revenue over expenditure would be for the -Whole year. There had, however, been a falling-off in revenue. The addition to the wages of the railwayman made under the agreement arrived at after the strike of last year represented an increased expenditure of nearly £IOO,000 a month, or a little over £1,100,000 a year in wages atone, irrespective of the increase in salaries, as it necessarily followed that the wages of the employees in other branohes of the service had also to he increased.
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Bibliographic details
New Zealand Times, Volume XLVII, Issue 10992, 30 August 1921, Page 5
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167RAILWAY EXPENDITURE New Zealand Times, Volume XLVII, Issue 10992, 30 August 1921, Page 5
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