RAILWAY REVENUE
STEADY IMPROVEMENT By Telegraph Pres.* Association CHRISTCHURCH, August 8 “The whole tendency of traffic at the present time is to increase, the revenue is buoyant, and there is definite evidence that the railways are likely to handle during the present year a considerably increased volume of both passenger and goods traffic,” said the Minister of Railways (the Hon. D. G. Sullivan) to-day. “For the four periods of the year ended July 18, the total revenue amounted to £2,233,523 or £243,352 more than the same period of last year, notwithstanding that the present accounting year was three days shorter than the same working period of last year. “The expenditure increased by £167,397, leaving an improvement in the net revenue position of £62,000 for the four periods mentioned, after allowing for the restoration of all cuts in salaries and wages.”
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Bibliographic details
Timaru Herald, Volume CXLII, Issue 20492, 10 August 1936, Page 6
Word Count
140RAILWAY REVENUE Timaru Herald, Volume CXLII, Issue 20492, 10 August 1936, Page 6
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