RAILWAY SUBSIDY IS TO COVER LOSSES ON NON-PAYING LINES.
Per Press Association. WELLINGTON, April 27. In connection with the discussion on the subsidy system for railway lines which show loss on running, it is pointed out that the amount payable from the Consolidated Fund to reimburse the Railway Department in the case of non-paying branch lines is to be worked out on definite lines of accountancy, checked by the Treasury and certified bv the Audit Department. It is a subsidy to cover ascertained losses on certain uncommercial lines specifield in the regulations and not, as has been suggested, merely a cheque drawn on the Consolidated Fund b}' the Railways Accountant to make good such sum as he finds himself short of.
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https://paperspast.natlib.govt.nz/newspapers/TS19260427.2.70
Bibliographic details
Star (Christchurch), Issue 17831, 27 April 1926, Page 6
Word Count
121RAILWAY SUBSIDY IS TO COVER LOSSES ON NON-PAYING LINES. Star (Christchurch), Issue 17831, 27 April 1926, Page 6
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