RAILWAY REVENUE
OVER MILLION MARK PASSENGERS AND FREIGHT. [ Per Press Association. I WELLINGTON, May 9. Mr. Newman, acting chairman of the Railways Board, in a statement, said the total revenue for the past financial year was £6,331,935, and the expenditure £5,246,365, giving a net revenue of £1,085,570. Passengers’ revenue aggregated £1.336.329, an increase of £129.033 over the previous year, which is particularly pleasing, as vindicating the policy of fares reduction. Another feature of improvement *is shown in goods revenue, an increase from £3,745,777 to £3,911,245. Although the passenger revenue was assisted through the inclusion of two Easter periods, accounting approximately for £50,000 revenue from this source, it naturally reduced to some extent the revenue from freight. An improvement in freight traffic has been a constant feature of the year’s work, the principal increases coming from primary industries. Farming products accounted for over £lOO,OOO of the increase. The net revenue earned by the railways was £364,078 in excess of the Budget estimate.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WC19340510.2.76
Bibliographic details
Wanganui Chronicle, Volume 77, Issue 109, 10 May 1934, Page 6
Word Count
161RAILWAY REVENUE Wanganui Chronicle, Volume 77, Issue 109, 10 May 1934, Page 6
Using This Item
NZME is the copyright owner for the Wanganui Chronicle. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.