EARNINGS OF RAILWAYS

Poverty Bay Herald, Volume LX, Issue 18179, 29 August 1933, Page 9

EARNINGS OF RAILWAYS

JULY RETURNS PROFIT OVER £15,500 HIGHER The abstract of the railway working account for the four-weekly period enu- ' ed July 22 gives in full the results concerning which a preliminary statement was made by the chairman of the Government Railways Board on August 11. As indicated then, there was an improvement of more than £15,C00, comJiared with the corresponding period ast year, a working profit of £<£,o34 compared with one of £4467. | I'ne gross revenue was £412,435, ' which was £11,910 more than a year ago, and expenses were reduced by j £3657 to £392,401. 1 The operating account for the North Island lines showed a revenue of .£212,914, an increase of £11.299, and ' expenses totalling £208,677, a reduction of £7467. There was a profit of . £4237, compared with a loss of £14,528 last year. J The receipts of the South Island rail■ways w r ere £149,797, an increase of £2787, and expenses were £156,601, an increase of £2439. There was a working loss of £6804, compared with i £7152 last year. The balance of miscellaneous revenue | was £22,601, as against £26,148 in 1 1932. The revenue was £49,724 and the expenditure £27,123. For the period from April 1 to July 22 the net revenue was £232,082, compared with £196,720 last vear. The gross revenue was £1,807,657, a decline of £9428. The expenditure was £1,575,575, a reduction of £44,790.