REVENUE INCREASES

Wanganui Chronicle, Volume 79, Issue 279, 25 November 1936, Page 8

REVENUE INCREASES

RAILWAYS RETURNS BACK TO POST-WAR FIGURES [ Per I'rwß A.soi’iition, J WELLINGTON, Nov. 24. y Interviews with the Minister and - the General Manager to-day disclosed t that there is a certain prospect of the 4 Railway Department's monetary re'f turns this financial year resembling y those of the early post-war years. The department had estimated a e gross revenue increase of £691,000 for : I this financial year. Already the gain lis over £400,000 and the most productive five four-weekly periods are t ahead. It was claimed that the new , I industrial legislation has not adverse- . ly affected the railways. ; After meeting the increased cost of s restoring salaries and wages to the , 1931 level and providing for the emI ployment of over 1000 additional , workers due to the 40-hour week the r net revenue shows an increase of _ £3OOO for the past eight accountancy ; periods- in this financial year, and this . without increasing fares and freights. ] Railway- bus services also show a re- _ markable improvement in business. I including the new services recently taken over, which already show a reasonable margin of profit though it will take some time to wipe out the cost of goodwill..