RAILWAY GAIN

Poverty Bay Herald, Volume LXVI, Issue 19885, 11 March 1939, Page 6

RAILWAY GAIN

REVENUE UP £47,500

MONTH TO FEBRUARY 4

44 WEEKS' INCOME LOWER

A net revenue of £155,736. or £47.504 more than for the corresponding period last year, is shown by the railway working account for the four weeks ended February 4, an abstract of which has been published in the Gazette. The returns for the railway year to that date show a net revenue of £208,660 for the 44 weeks, a substantial recovery from the position at December 10, when there was a working loss of £2256. The gross revenue for the four weeks was £839,662, an increase of £94,406. Expenditure was £683,926. or £46.902 higher. North Island Profit Operating revenue in the North Island was £465,502, which is £56,785 more than in the corresponding period last year. Expenses amounted Sp £361,217, or £18,638 higher. Net earnings increased by £38,147 to £104,285. In the South Island receipts were £259.009 and expenses £241,070, increases of £15.353 and £7342 respectively. Net earnings at £17,939 were £BOll higher. Net revenue from miscellaneous services was £33.512, an increase of £1346. The gross revenue was £115,151 and the expenditure £81,639. Revenue for the 44 weeks from April 1 to February 4 was £7,491,417, an in 7 crease of £401,481 on the figure for the corresponding portion of last year. Expenses totalling £7,288,757 were £620.974 higher. Net revenue at £208.660 decreased by £219,493.