THE SUBSIDY SYSTEM.
WELLINGTON, April 27. In connection with the discussion on the subsidy system for railway lines whirl) show a loss on running them it is pointed out that the amount payable from the Consolidated Fund to reimburse the Railway Department in the case of non-paying branch lines is to be w'orked out on definite lines of accountancy, and will be checked by the Treasury, and certified by the Audit Department It js a subsidy to cover ascertained losses on certain uncommercial lines specified in the regulations, and not ae has been suggested, merely a cheque drawn on the Consolidated Fund by the railways accountant to make good such sum as the account is short of.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/OW19260504.2.259
Bibliographic details
Otago Witness, Issue 3764, 4 May 1926, Page 80
Word Count
117THE SUBSIDY SYSTEM. Otago Witness, Issue 3764, 4 May 1926, Page 80
Using This Item
Allied Press Ltd is the copyright owner for the Otago Witness. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in