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The New Zealand Railways Magazine, Volume 1, Issue 1 (May 1st, 1926)

Railway Financial Barometer — Statement showing Revenue and Expenditure to the Termination of the Period ending 27th February, 1926, compared with Corresponding Period Last Year

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Railway Financial Barometer
Statement showing Revenue and Expenditure to the Termination of the Period ending 27th February, 1926, compared with Corresponding Period Last Year.

(287 working-days, 1925)

(286 working-days, 1926)

Section. Miles open for Traffic. Period February. Revenue Total to Date. * Period February Expenditure. Total to Date. *Per Cent. of Revenue.
1926 1925 1926 1925 1926 1925 Increase or Decrease. 1926 1925 1926 1925 Increase or Decrease. 1926 1925
North Island. Miles Miles £ £ £ £ £ £ £ £ £ £
Kaihu .. .. 24 24 869 876 7,333 8,186 Dec. 853 773 807 10,321 8,417 1,904 140.76 102.83
Gisborne .. .. 60 60 4,007 3,520 35,117 35,548 569 3,183 3,375 36,698 32,926 3,772 104.50 95.30
North Is. M.L. and B. 1,276 1,246 417,427 374,400 4,073,656 3,855,410 218,246 271,025 243,513 3,022,632 2,785,648 236,984 74.20 72.25
Total .. .. 1,360 1,330 422,303 378,796 4,116,106 3,898,144 217,962 274,981 247,695 3,069,651 2,826,991 242,660 74.58 72.52
South Island.
South Is. M.L. and B. 1,618 1,596 259,511 236,110 2,482,765 2,349,822 132,943 211,544 177,984 2,310,684 2,081,770 228,914 93.07 88.59
Westport .. .. 43 36 10,746 10,955 114,394 118,812 Dec. 4,418 7,204 7,554 87,781 82,634 5,147 76.74 69.55
Nelson .. .. 61 61 2,895 2,160 24,908 22,234 2,674 2,765 2,619 33,214 28,793 4,421 133.35 129.50
Picton .. .. 56 56 4,463 3,693 37,207 30,160 7,047 4,174 3,248 40,468 33,002 7,466 108.76 109.42
Total .. .. 1778, 1,749 277,615 252,918 2,659,274 2,521,028 138,246 225,687 191,405 2,472,147 2,226,199 245,948 92.96 88.31
Operating Total 3,138 3,079 699,918 631,714 6,775,380 6,419,172 356,208 500,668 439,100 5,541,798 5,053,190 488,608 81.79 78.72
Miscellaneous .. — — 23,891 — 212,512 — 212,512 — — — — — — —
L. Wakatipu steamers — — 987 949 9,513 9,050 463 1,179 1,261 14,279 11,213 3,066 150.10 123.90
Refreshment-rooms, advertising, and other subsidiary service .. — — 17,948 — 178,027 — 178,027 12,742 — 133,658 — 133,658 75.08 —
Departmental dwellings — — 5,738 — 62,117 — 62,117 13,737 — 118,685 — 118,685 191.07 —
Grand Total .. 3,138 3,079 748,482 632,663 7,237,550 6,428,222 809,328 528,327 440,361 5,808,420 5,064,403 744,017 80.25 78.78

*Increase except where otherwise indicated.

The accompanying statement shows where each section stands compared with its position for a similar period last year.

Arranged in order of merit the sections stand as follows:—

Expenditure per cent. of Revenue
1. North Island Main Line and Branches 74.20
2. Refreshment Rooms, Advertising, etc. 75.08
3. Westport 76.74
4. South Island Main Line and Branches 93.07
5. Gisborne 104.50
6. Picton 108.76
7. Nelson 133.35
8. Kaihu 140.76
9. Lake Wakatipu 150.10
10. Departmental Dwellings 191.07

It will be seen that Picton is the only section which has improved its position by reducing its operating ratio of expenditure to earnings.

The North Island Main Line and Branches shows the best figure, 74.20%.

The figures given mean that whereas it costs over £74 to earn £100 on the North Island Main Line and Branches, over £191 has to be spent on Departmental Dwellings to earn £100.

Members on the various branches should try to put their section higher up the list (if possible) by obtaining a lower operating ratio. The best way to do this is to get more business.

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