REVENUE OF RAILWAYS

Taranaki Daily News, 22 March 1935, Page 4

REVENUE OF RAILWAYS

CONTINUED IMPROVEMENT preliminary figures given. CARRYING GREATER EXPENDITURE ABLE TO SHOULDER THE BURDEN. By Telegraph—Press Association. Wellington, Last Night. The chairman of the Government Railways Board, Mr. H. H. Sterling, announced to-day preliminary g showing the financial results of the working of the railways for that part of the financial year up to March 2, For the four weekly period which ended on that date the gross revenue had increased by £46,951, while ... working expenses increased by £21,971, resulting in an increase in the nett revenue of £24,980 when compared with the corresponding period last year. For the part of the financial year up to March 2 the gross revenue showed an increase of £287,875, while expenditure ZwS an increase of £331,594. The nett result to the date mentioned was ai decrease in the nett revenue of £43,719 compared with the previous year. Included in the working expenses was the cost of the 5 per cefit. restoration of wages and salaries and the cost of rent adjustment, which had been made during the year. The aggregate of these items to March 2 was approximately £166,000. - j he There was one more period to go hefor the year ended, Said Mr. Sterling, and he felt very sanguine that the tore cast which he had made some montiis ago that the department would be able to carry the increased expenditure in which it had been involved and at the same time return a nett revenue equal to that of last year would be realised.