THE Daily Telegraph WITH WHICH IS INCORPORATED THE WAIHI MINER WEDNESDAY, DECEMBER 20, 1022. THE RAILWAY ACCOUNTS.

Waihi Daily Telegraph, Volume XX, Issue 6795, 20 December 1922, Page 2

THE Daily Telegraph WITH WHICH IS INCORPORATED THE WAIHI MINER

WEDNESDAY, DECEMBER 20, 1022. THE RAILWAY ACCOUNTS.

Here eLall the Preßß the Pooplo’B Right maintain Qnawed by in'Juonce uud unbribed by gain Heio Patriot Truth hor glorious preceptu draw, Pledged to Religion Liberty and Law.

Raiitvay accounts for tlm first oijxhfc inonfcli.s of Uk; linancja,! year show a distinct improvement in tlm ratio of expenditure to revenue. Whereas last year the ratio was 101.‘24 per cent., tins year it is 0.1.04. In the easier part of the year the improvement was obtained by a reduction of expenditure-; but tiio revenue- avso fell. To some Extent it was inevitable that the outtingout of unprofitable traffic should result in loss of revenue, though thi s might bo made good by the natural recovery of profitable business or by systematic encouragement of such business. In tho last mopth of tlm period covered by th e aecoiintis' thefe is, however, not only a'■onsiclerabi'e reduction in expenditure il'b8,(.1(1(1), but a slight recovery of icvemic (ITo.OOd); representing a total improvepient of L'7H,()()(), This must bo icgarded a s satisfactory; hut it iwonld he more satis! a.ctory to have an explanation of the accounts by an am thori(v competent to say bow tlm improvement 1 ia s been obtained and to what extent it may be regarded as pemniiinent. It is quite ]>o.ssiblw, by temporary measures, to obtain a temporary i eduction of expenditure or a passing increase- of .revenue,. We do not snggHt thaf the iimpi’fw-emenb ho'w recorded i s duo to such measures but wo should h(- glad to learn how far it is attributable to (he. solution of Hie larger problems—such a« are involved in the capital and working cost of political] linos, and the competition of motor traffic. Jf was exp-e.eied. that the general Manager being relieved of detailed administrative work-, would be a hip to give persona] attention, to those questions, and it would be- interesting to Junqjy what sucpcss has attended his efforts.