THE RAILWAY REVENUE.
! (Pee United Fbess Association.) | Wellington", Marsh 26. j The Minister for Railways estimates the earaj iugs of the railways during the nuaucis.l year just ending will exceed thw earning* of last year bj nearly £110,000. Tho increased expenditure neceesary to earn tbt3 amount will not exceed £30,000. The amount expended iv maintenance and ba!la«liDgtheliue3 has been in excess of the amount spent in any previous year, while some!- --! thing like £50,000 has been expanded in the ! construction and tha replacing of rolling stock, ! tracks, carriages, and euginefl. So far as passeu- ' gcrs aud the general traffic are concerned this : yaar will be a record one in the history of New Zealand railways, aud notwithstanding theconttirierable increase iv the number of miles of new railways the Minister estimates the net e&rnicgs this year will work out about £3 'in 6d per ant. as compared witb £2 16s last year and £2 14s 61 for the previous year. "i his wyear'n earnings (3^ psr ceut.) are the highest since 1883.
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Bibliographic details
Otago Daily Times, Issue 10761, 27 March 1897, Page 4
Word Count
195THE RAILWAY REVENUE. Otago Daily Times, Issue 10761, 27 March 1897, Page 4
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