INCREASED REVENUE
THE RAILWAYS DEPARTMENT RETURNS EOR PAST YEAR. (Peb United Press association.! WELLINGTON, May 9. The acting-chairman of the Railways Board (Mr E. Newman) in a statement said that the total revenue for the past financial year was £(5,331,935, and the expenditure £5,24(5,305, giving a net revenue of £1,085,570. The passenger revenue was £1,330,329, an increase of £129,003 over the previous year, which was particularly pleasing as vindicating the policy of faros reduction. Another feature of improvement is shown in the goods revenue, which reveals an increase from £3,745,777 to £3,911,245. Although passenger revenue was assisted through the inclusion of two Easter periods, accounting approximately for £50,000 of revenue, this naturally reduced to some extent the revenue from freight. The improvement in the freight traffic has been a constant feature of the year’s work, the principal increases coining from the primary industries. Farming products accounted for an increase of over £IOO,OOO. The net revenue earned by the railways was £304,078 in excess of the Budget estimate. 1
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Bibliographic details
Otago Daily Times, Issue 22258, 10 May 1934, Page 14
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168INCREASED REVENUE Otago Daily Times, Issue 22258, 10 May 1934, Page 14
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