RAILWAY FINANCES

Otago Witness, Issue 3525, 4 October 1921, Page 50

RAILWAY FINANCES

EXPENDITURE OVERTAKES REVENUE. The Railway Working Account, showing the revenue and expenditures for the period from April 1 to August 20, appears in the current issue of the Gazette. The revenue for the period totalled £2.562,553, as compared with £2,423,038 in the corresponding jieriod of last year, an increase of £139,515 —- equal to about 5j per cent. The expenditure totalled £2,609,883, as against £2,031,597—an increase of £578,236 —equal to about 28 per cent. The following shows the position: Revenue £2,562,553 Expenditure 2,609,,883 Showing loss o.f £47,330. For the same period last year the position was as under : Revenue £2.423,038 Expenditure 2,031,597 Showing a profit of £391,441. Thus a profit cf £391,441 last vear is this year turned into a deficit of £17,330. The detailed figures are shown below: Revenue. 1921. 1920. North Island— Whangarei £ 26,816 £24.068 Kaihu 3,512 2,606 Gisborne 18,085 14,759 Main lines and branches 1,470,872 1,363,757 £1,519,285 £1,405,190 South Island— Main line and branches £886,481 £876,948 Westland 79,317 67,409 Westport 46,479 39,280 Nelson 11,216 15,017 Picton 17,294 16,491 Wakatipu steamers.. 2,481 2,705 £1,013,268 £1,017,848 Grand Total .. ..£2,562,553 £2,423,038 Expenditure. North Island— Whangarei £ 32,087 £ 25,000 Kaihu 4,307 4J.30 Gisborne 16,272 13,877 lines .. .. 1,404,241 1,067] 823 £1,456,907 £1,110.830 South Island— Main lines .. ..£1,008,532 £786,599 Westland 70,583 61,901 Westport 35,884 34 316 Nelson 15,535 13432 Piet-on .. 17,923 15,709 Lake Wakatipu steamers 4,519 3,750 £1,132,976 £920,767 Grand total .. ..£2,609,883 £2,031,597