RAILWAY WORKING

Wanganui Chronicle, Volume 79, Issue 282, 2 December 1935, Page 6

RAILWAY WORKING

FINANCIAL RESULTS SATISFACTORY INCREASE. ; WELLINGTON, Nov. 30. 1 The General Manager pf Railways, Mr. G. H. Mackley, announced to-day, • or. behalf of the Government Railways Board, the financial results of railway working for the four-weekly period 1 which ended on November 9. J The gross revenue was £488,121, an s increase of £20,706 compared with the ’ corresponding period last year. The 1 expenditure was £294,685, which was an increase of £79,251 over last year. • The expenditure figures for the period I include an amount of £63,000 on account of 74 per cent, increase in salar- ’ ies and wages which was paid as from o August 1 and arrears accounted for t in the November period. v For the eight, four-weekly periods e of the current financial year to Novem- . ber 9, the total revenue amounted to I £3,893,653, as against £3,719,253 for the v isame period last year, giving an ;n--rj crease of £174.400 -u the Revenue AcLl ' count. | The working expense: for the current j I year to date amounted to £3,539,682, II as against £3,370,837 last year, an 11 {increase of £168,845 after absorbing r, I the 5 per cent, increase and meeting d {the arrears as from August 1 on a—e count of th£ 74 per cent, increase in t [salaries and wages. e i The net revenue to date, after me> te ing the increased expenditure due to 3 percentage restorations in salaries and f l "wage? refererd to. shows the very satisc factory increase of £5555.