RAILWAY PROFITS

Sun (Auckland), Volume II, Issue 417, 27 July 1928, Page 13

RAILWAY PROFITS

JUNE SHOWS INCREASE TWELVE WEEKS’ LOSS OF £55,000 Press Association. WELLINGTON, Thursday. A working profit of £54,193 for the four weeks ended June 23 is shown by the Railway Department’s workingaccount, which is roughly £ 10,000 greater than that for the same period last vear, when the figures were £44,079. Following is a summary of the returns from railway operating in the North and the South Island and from the whole service, together with the increase over tho corresponding figure for the June period last year: NORTH ISLAND

For the period of S 4 days to June 23, working profits have totalled £279,675, as against £335,055 (S 6 days) last year, and £419,136 (88 days) in 1926. This year’s total comprises £148,215 from the North Island railways, a decrease of £44,664: £73,165 from the South Island railways, a decrease of £15,879, and £58,295 from miscellaneous revenue, an increase of £ 5,133. The net revenue for the 12 weeks is £55,410 less than that for the corresponding period last year.

Revenue Expenditure .. . £305,482 273,445 InC: £ 7,703 3,1S7 Net Revenue . £32,037 £4,516 SOUTH Revenue Expenditure .. . ISLAND £225,941 219,946 £10,268 6,517 Net Revenue . £5,995 £3,751 ALL SERVICES Revenue Expenditure .. . £582,887 528,694 £27,512 17,SOS Net Revenue . £54,193 £10,114 The net revenue from miscellaneous sources, included in the grand total, was £16,161, an increase of £1,847. Individual figures for the North Island lines are: — Revenue. Expen lure. I-CaihU €395 £966 Gisborne £3,811 £3,437 Main lines and brandies .. .. £302,275 £269,041 Total £ 305,4S2 £273,445 SOUTH ISLAND Main lines and branches Westport Nelson Revenue. £210,607 11,226 1,573 2,533 Expen’ ture. £205,879 7,535 3,224 3,286 Total £225,940 £219,946 Operating total . £531,423 £493,391