RAILWAY FINANCE
DECREASE CONTINUES STATEMENT by minister (Pel- Press Association.) WELLINGTON’, this day. Preliminary accounts of the Railway Department for the four weeks ended December 6 show a. substantial decrease in expenditure, amounting to £76,000. This applies to railway operation only, the figures relating to subsidiary services not yet being available. As a result of econbmies throughout the service the reduction in operating costs for the last, five four-weekly periods amounted to £295,000. This substantial saving, said the Minister, has occurred in all branches. Unfortunately, however, revenue still continues to show a steady decline, the receipts for the December period falling below those of last year by £74.000. This was not, altogether unexpected, as the revenue over the last few months lias shown a tendency to fall away, due in the main to the prevailing financial depression. Passenger traffic showed a decrease for the four .weeks of £28.000; parcels anil mails, £4000; and goods receipts declined £38,C00. General merchandise shows a heavy decrease, which is ascribed to restricted imports.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/PBH19301229.2.91
Bibliographic details
Poverty Bay Herald, Volume LV, Issue 17452, 29 December 1930, Page 8
Word Count
169RAILWAY FINANCE Poverty Bay Herald, Volume LV, Issue 17452, 29 December 1930, Page 8
Using This Item
The Gisborne Herald Company is the copyright owner for the Poverty Bay Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in