RECORD FIGURES

Waikato Times, Volume 128, Issue 21358, 28 February 1941, Page 7

RECORD FIGURES

RAILWAY EARNINGS STATEMENT BY MINISTER (By Telvgraph.—Press Association) CHRISTCHURCH. Thursday The approximate returns ol the Railway Department’s operations lor the four-weekly period ended February 1 were referred to today by the Minister of Railways, the Hon. R. Semple, who said that there was a net revenue for the period amounting to approximately £191,963, an increase of £9079 on the surplus recorded for the corresponding period of last year’ The Minister added that this position was most gratifying and the excess of revenue over the full 44 weeks of the current year would be about £1,222,690 compared with £674,293 in hand at the end of January, 1940. Expenditure for the 44 weeks of the current year totalled £7,896,363, revenue being £9,119.053. New Figures Assured “'Eight more weeks have to be accounted for before the financial year ends,” concluded Mr Semple. “The final eight weeks of the last financial year produced a net revenue of £514,738 and during the remaining eight weeks of the present year we have to produce a net revenue of only £410,103 to equal the record surplus which the year 1925-26 yielded. It is quite evident from present indications that the closing balance at March will eclipse the record by a considerable amount.”