HOLIDAY TRAFFIC

Waikato Times, Volume 128, Issue 21336, 7 February 1941, Page 7

HOLIDAY TRAFFIC

RAILWAY EARNINGS GROSS RECEIPTS HIGHER INCREASE IN NET PROFIT (By Telegraph.—special to Times) WELLINGTON, Thursday A working profit of £191,932 is shown in the railway accounts for the four weeks ended January 4, an abstract of which was published in the Gazette tonight. The result, derived from traffic during the greater part of the Christmas and New Year holiday season, is an increase of £41,214 compared with the corresponding period last year. The gross receipts for the four weeks amounted to £878,326, or £74,534 more than last year. Expenses at £686,394 were £33,320 higher. The operating accounts for the North Island show a revenue of £479,777, an increase of £36,463. The expenses were £373,702, or £19,408 higher. Net revenue at £106,075 was £17,055 more than a year ago. In the South Island, receipts were £265,727 and expenses £226,637, these amounts being £29,886 and £10,152 respectively more than the corresponding figures last year. A net profit of £39,085 compares with £19,351. The balance of miscellaneous revenue was £46,772, an increase of £4425. Period Of 40 Weeks Revenue for the 40 weeks from April 1 to January 4 amounted to £8,194,605, an increase of £857,912. Expenses totalling £7,163,877 were £318,592 higher. Net revenue at £1,030,728 increased by £539,320. Following is a summary of the net returns for the corresponding periods of four weeks in the last three years: Period to 1940- 11 1939-40 1935-39 April 2 7 .. £192,500 £100,053 £98,8u3 .May 25 .. 134,840 110,298 53,292 June 22 .. 70,088 34,104 *20,709 July 2 0 .. 4 5,8 14 *37,57 4 *81,271 Aug. 17 .. 74,504 *41,502 *50,0U7 dept. U .. 09,519 *7,814 *20,500 Oct. 12 .. 30,777 22,371 *47,31 1 -Nov. 9 .. 87,083 57,245 *12,152 Dec. 7 .. 1 20,922 9 1,500 90,205 Jail. 4 .. 191,932 150,7 18 55,180 1,030,728 491,408 52,925 •Loss on working.