RAILWAYS REVENUE IMPROVES
FIGURES RELEASED BY MR SULLIVAN
(United Press Association)
WELLINGTON, January 31
The financial results of railways operation from April 1, 1939, to January 6, 1940, were announced by the Minister of Railways (the Hon. D. G. Sullivan) this evening. “For this portion of the current financial year the preliminary figures show gross revenue L be £7,336,721 and gross expenditure £6,845,034, indicating a net revenue of £491,687 for 40 weeks,” said Mr Sullivan.
“The net revenue position is £438,762 better than at the corresponding date in 1939. The net revenue to January is £21,000 in excess of the amount upon which the department’s estimates for the Budget were based. This further confirms the opinion previously expressed that the net revenue of the department for the current financial year probably will be in the vicinity of £1,250,000.”
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Southland Times, Issue 24039, 1 February 1940, Page 6
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138RAILWAYS REVENUE IMPROVES Southland Times, Issue 24039, 1 February 1940, Page 6
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