LOWER PROFIT

Wanganui Chronicle, Volume 80, Issue 256, 28 October 1937, Page 11

LOWER PROFIT

Railway Working MONTH’S DECREASE £7842 A decrease of £7842 in net revenu# for the four-weekly period ended September 18 was shown by the railway working account, an abstract of which was gazetted on Thursday. A working ’ profit of £13,430 compares with a net i revenue of £21,272 for the correspondi ing period last year. ! The gross receipts for the four weeks were £617,708, or £70,783 more I than last year. Expenses at £604,278 i were £78,625 higher. • The operating account for the North Island shows a revenue of or ' an increase of £46,747, and expenses amounting to £326,378, or £46,282 more than last year. There was a profit of £1276, compared with £Bll last year. The receipts for the South Island railways were £215,744 an increase of £14,023, and the expenses were £224,680, or £20,162 higher. There was a loss of £8936, compared with a loss of £2797 last year. The balance of miscellaneous revenue was £21,090, against £23,258 in 1936. The revenue was £74,310 and the expenditure £53,220. For the period from April 1 to September 18 the net revenue was £184,234 as against £356,001 last year. The gross revenue was £3,802,012, an increase of £503,951. The expenditure was £3,617,778, an increase of £675,718. Following is a summary of the net results for the corresponding periods of four weeks in the last three years: Period to 1937 1936 1935 £ £ £ May 1 ... 133,725 124,370 117,691 May 29 46,245 115,758 106,304 June 26 14,427 69,940 40,342 July 24 22,897* 29,632 663* Aug. 21 695* 4,971* 19,055 Sept. 18 13,430 21,272 39,174 184,234 356,001 321,903 ‘Loss on working.