NEW ZEALAND RAILWAYS
RECORD GROSS REVENUE (P.A.) WELLINGTON, May 13. The highest gross revenue in the history of the New Zealand railways is disclosed in the financial statement for the past year, which was issued to-day hy the Minister of Railways. Mr R. Semple. The gross revenue, £11,938,338, exceeded by £778.120 the figure for the previous year. On a percentage basis, the net return on capital was 2.9. against 1.15 per cent, for 1938. The expenditure for the year was £10,056,034 and the net revenue £1,882,304. an Increase of £187,660 over the net revenue for the previous year. The net earnings for the last railway year are higher than those for any of the previous five yiars. Mr Semple said the Increased revenue was mainly due to the limited use of motor transport as a result of the petrol restrictions and the movements of armed forces. Another factor was longer haulages of goods on account of shipping restrictions.
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Otago Daily Times, Issue 24915, 14 May 1942, Page 4
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158NEW ZEALAND RAILWAYS Otago Daily Times, Issue 24915, 14 May 1942, Page 4
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