THE RAILWAYS

Southland Times, Issue 22295, 10 April 1934, Page 5

THE RAILWAYS

RESULTS FOR 48 WEEKS. NET REVENUE OF £966,000. The abstract of the railway working account for the period ended March 3 was published in the Gazette last week. It gives the complete figures concerning which a preliminary statement was made on March 23. The net revenue for the period shows an increase of £2640 compared with that for the corresponding four weeks last year, the respective totals being £158,275 and £155,635. The gross revenue was £582,009. which is £14,474 more than in the corresponding period last year. Expenses amounted to £423,734, an increase of £11,834. Operating revenue in the North Island was £310,914, an increase of £19,475. Expenses were £226,930, an increase of £Bl9l. Net earnings increased by £11,282 from £72,702 to £83,984. In the South Island, receipts were £214,237 and expenses £166,163, a decrease of £10,407 and an increase of £1348 respectively. Net earnings decreased by £11,755 to £48,074: Net revenue from miscellaneous services was £26,217, an increase of £3113. The gross revenue was £56,858 and the expenditure £30,641. Following is a summary of the net results for the corresponding periods of four weeks in the last three years:—

£966,202 £739,673 £658,573 *Loss on operation. Revenue for the 48 weeks from April 1 to March 3 was £5,712,626, an increase of £216,547, while expenses totalling £4,746,424 show a decline of £9982. The net revenue, £966,202, is £226,529 higher than for the corresponding 48 weeks of last year.

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 Aug. 19 15,698 18,179 *31,547 Sept. 10 31,011 15,423 13,513 Oct. 14 27,666 10,616 3,158 Nov. 11 51,132 18,922 25,738 Dec. 9 115,165 59,843 52,211 Jan. 6 187,904 137,605 174,109 Feb. 3 147,269 126,729 110,439 March 3 158,275 155,635 127,432