EARNINGS OF RAILWAYS

Taranaki Daily News, 20 December 1932, Page 12

EARNINGS OF RAILWAYS

RESULTS FOR NOVEMBER. SMALL LOSS OF GROUND. Wellington, Dec. 15. A result slightly less favourable than that for the corresponding period last year . 'is shown by the railway working accounts for the four weeks ended November 12. The working profit was £18,922 as against £25,738 last year. The gross receipts for the four weeks were. £413,325, a decrease of £25,001, while expenses were £394,403, a decline of £18,185. The decline in revenue is strikingly smaller than that of £71,415 which the November period last year showed in comparison with ( 1930-31. On the other hand a reduction of expenses amounting to £99,524 was recorded last year against only £18,185 for the latest period; The net result from railway operation alone' was a loss of £5196 as against a surplus of £BlO last year. . Earnings by the North Island railways ‘ amounted to £224,871, a deCline of £19,260, and expenses to £213,980, a reduction of £13,990. There was a reduction in the net profit from £16,161 to £10,891. Receipts on the South Island railways were £138,846, a decrease of £4584, and expenses £154,933, a decrease of £3848. The working loss of £16,087 was greater bv £736 than last year. . "Net. miscellaneous revenue amounted to £24,118, showing an increase of . £2190. - For the period from April 1 to November 12 the net revenue was £209,859 as against £194,381 last year. The gross revenue was £3,444,957, a decline of £283 705. The expenditure was £3,185,098 compared with £3,534,281, a decrease of £349,183. Following is a summary of the net results for the corresponding periods of four weeks in the last three years.

259,860 194,382 166,216 ♦Loss on operation.

Period to April 30 -28. ...... 1932 £102,677 78,832 10,744 1931 £94,746 84,474 32,522 1930 £122,270 83,134 *4,027 July ;23 August 20 September 17 October 15 ... November 12 4,467 18,179 15,423 10,616 18,922 *28,223 *31,547 13,513 3,158 25,738 *7,602 26,596 14,707 *19,298 *2,372