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The New Zealand Railways Magazine, Volume 3, Issue 7 (November 1, 1928)

Increasing Volume of Traffic

Increasing Volume of Traffic.

Referring to the improvement in Railway Returns recorded during recent months, the New Zealand Herald remarks:—

It is certainly significant that, in spite of competition, headway is being made by the Railways and the volume of traffic is increasing. Part of the gain in earnings has been absorbed by additional expenditure, but, as the Minister of Railways recently explained, the cost of operation has been raised by efforts to meet competition. It would probably be too much to suggest that every additional pound of revenue will be profit, but evidently the augmented services could carry a considerably greater volume of traffic at small extra cost. In the period under review, the increase in expenses, compared with last year, has been less than 9/- for every additional pound of revenue. The general economic recovery has no doubt contributed to the improvement in railway finances; it is gratifying to the public, and encouraging to the Department, to know that the Railways have, in spite of severe competition, secured a substantial benefit from the enhanced prosperity of the country.