RAILWAY REVENUE DOWN
CONTRACTION FOR MAY EXPENSES STILL RISING Press Association WELLINGTON, Thursday. A heavy contraction in net revenue is shown by the Railway Department’s working account for the four weeks ended May 24, in comparison with the corresponding period last year. Revenue exceeded expenses by only £83,135, as against £121,746 last year. The gross revenue was £657,491. which is £11,425 less than last year. Working expenses increased by £-7,186 to £574,356. The working profit in the Morth Island was £30.850. a decline of £24,782, and in the South Island £31,354, a decline of £ 15,313. >Tet revenue from miscellaneous services increased by £4,484 to £20,931. For the eight weeks of the new finance year, net revenue has been £-05,405, which is £23.706 less than last year. The total comprises £82,607 from the North Island railways. a reduction of £18,279; £72,366 irom the South Island railways, £19.287 less than last year; and £50,432 from miscellaneous services, an increase of £13,860.
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Sun (Auckland), Volume IV, Issue 1009, 27 June 1930, Page 11
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159RAILWAY REVENUE DOWN Sun (Auckland), Volume IV, Issue 1009, 27 June 1930, Page 11
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