The New Zealand Railways Magazine, Volume 3, Issue 2 (June 1, 1928)
British Railway Prosperity
British Railway Prosperity.
The gradual return to prosperity in this country during 1927 is reflected in a preliminary statement dealing with the railways in Great Britain for last year, which was issued recently. The net receipts for the year totalled £49,400,000, compared with £43,747,276 for 1926, which included £11,782,305 drawn from the reserves to meet the losses caused by the coal dispute. The average rate of interest and dividend paid in 1926 was 3.63 per cent., with a deficiency of £890,583, while 4 per cent. was paid in 1927, with a favourable balance of £100,000. The ordinary tickets issued during the past two years were:—
1926. | 1927. | |
First Class | 18,169,209 | 19,031,000 |
Second Class | 2,433,805 | 2,457,000 |
Third Class | 788,220,514 | 866,265,000 |
Workmen's tickets | 260,160,693 | 286,049,000 |
Total | 1,068,984,221 | 1,173,802,000 |
The season tickets for the same periods were:—
1926. | 1927. | |
First Class | 105,459 | 99,950 |
Second Class | 45,357 | 44,470 |
Third Class | 637,343 | 649,450 |
Total | 788,159 | 793,870 |
The goods and mineral traffic carried during 1927 weighed 325,408,000 tons, against 215,597,027 tons in 1926, while the respective totals of live stock carried were 19,432,000 and 18,157,952.