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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.