EARNINGS OF RAILWAYS

Southland Times, Issue 22106, 29 August 1933, Page 5

EARNINGS OF RAILWAYS

DETAILED JULY RETURN.

PROFIT OVER £15,500 HIGHER.

The abstract of the railway working account for the four-weekly period ended July 22 gives in full the results concerning which a preliminary statement was made by the chairman of the Government Railway Board on August 11. As indicated then, there was an improvement of more than £15,500, compared with the corresponding period last year, a working profit of £20,034 compared with one of £4467. The gross revenue was £412,435, which was £11,910 more than a year ago, and expenses were reduced by £3657 to £392,401. The operating account for the North Island lines shows 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 £14,529 last year.

The receipts of the South Island railways were £149,797, an increase of £2787, and expenses were £156,601, an increase of £2439. There was a working loss of £6804, compared with £7152 last year. The balance of miscellaneous revenue was £22,601, as against £26,148 in 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 year. The gross revenue was £1,807,657, a decline of £9428. The expenditure was £1,575,575, a reduction of £44,790.

Following is a comparison of the net railway revenue returns for successive periods of four weeks in the last three years:—

*Loss on operation. The July period in 1930 resulted in a loss of £7602.

Period to 1933 1932 1931 £ £ £ April 29 109,664 102,677 94,746 May 27 79,199 78,832 84,474 June 24 23,185 10,744 32,522 July 22 20,034 4,467 *28,223