RAILWAY EARNINGS

Poverty Bay Herald, Volume LXI, Issue 18589, 27 December 1934, Page 10

RAILWAY EARNINGS

SMALL INCREASE

WORKING PROFIT OF £51,980

A result bettering that for the corresponding period of last -year by some £BSO was shown bv the railway working .accounts for the four weeks ended Nov ember 10. Full . details, supplementing .an official statement published on December 1, appeared in the Gazette. ■ The working profit was £51,981, compared with ’£51,132 last vea r. '■ ' , ' «

The gross receipts for the four weeks were £467,415, an -increase of £20,156,' ■while expenses were £415,434, an increase of £19,307. The recent increase in salaries and wßgos'wns responsible, for -'£11.300 of the increased expenditure., '

Earnings by the North Island railways amounted to' £249,681. an , increase of. £5691, and expenses to £224,715/ an increase of ,£10,367. There was'a net profit of £24,966, compared with £25,656,’; a decrease of £690.

‘Receipts from the South Island railwavs were £163-,911, an increase oi £13,061, and expenses were £161,564, or £6637 higher. A profit replaced a working loss of £4077. Miscellaneous revenue amounted to £53,823 and expenditure- to £29,155, there being a net yield of £24,668, a decrease,of £899 on last-year.,

For the period from April; 1 to November 10 the net revenue was £348,416, as against £357,589 Inst year. The gross revenue was £3,719,253, an increase of £222,390. The expenditure, was £3,370,837, compared with £3,139,274, an increase of £231,563.