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The New Zealand Railways Magazine, Volume 4, Issue 11 (June 1, 1930)

Revenue Account Does Not Show All Benefits

Revenue Account Does Not Show All Benefits.

The railways gave certain services—some on the commercial basis, some more or less confessedly on another basis. The expenditure was commercial in such a sense that the whole of the cost of the railways, the whole of the cost of giving those services, whether either directly remunerative or not so as to be reflected in the revenue account, was shown in the expenditure account; but was the whole of the benefit from that expenditure shown in the revenue account? He dared to say, without the slightest fear of contradiction, that it was not. He need only remind the meeting that the railway had some services—and a good many services—which were not expected to be directly revenue-producing because it was believed that they would be in the interests of the community either as resulting in an indirect pecuniary advantage to the community, or in some other way—such as social service—they were for the welfare of the people.