Political Railways.
Melbourne, January 29. — A piece of startling information bearing on the political railway construction of the past has been prepared for the use of the Victoria Minister of Railways, m the shape of twelve lines, giving details of the cost, revenue, working expenses, and losses on each basis. They cost a little over £1,000,000, and absorb m annual working expenses £40,000, while they earned for the last year only £11,000. Taking the loss m both interest and working, it comes to £69,249, or more than six times the amount earned. Among these shocking examples of the iniquitous system, the Beechworth and Yackaudandah line is strikingly prominent. It earns £600 a year.
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https://paperspast.natlib.govt.nz/newspapers/PBH18940208.2.12
Bibliographic details
Poverty Bay Herald, Volume XXI, Issue 6897, 8 February 1894, Page 2
Word Count
113Political Railways. Poverty Bay Herald, Volume XXI, Issue 6897, 8 February 1894, Page 2
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