C.—2.

This shows a profit on the working of all the water-races, including the value of the gold duty of £4,190 lis. Bd., of about IT%1 T % per cent., on the cost of their construction; and the population that they are the means of supporting amounts to 2,200, which pays Customs duties, which are not included in the profits derived.

Statement showing the Profits and Losses on the Working of the Water-races for Eleven Years.

The foregoing statement shows that the cost of constructing the whole of these water-races amounts to £344,563 16s. Bd., and also that during the eleven years they have been in operation the total of the sales of water and gold duty amounts to £155,598 15s. 2d., while the total expenditure has been £100,231 10s. 2d.; thus showing a profit on the working of £55,367 ss. The Waimea-Kumara Water-race shows by far the highest percentage of profit, which is due entirely to the Kumara branch. The Mount Ida Race still shows a direct loss of £495 19s. lOd.

32

Name of Water-race. Actual Profit on Working, including Value of Gold Duty. Percentage on Cost of Construction. Population that these Water-races are the Means of supporting, which pays Customs Duties. Vaimea-Kumara felson Creek .rgyle lount Ida ... £ s. a. 4,898 7 2 882 19 7(_oss) 163 1 4 12 2 9 2-83 111 0-02 1,335 115 100 650 Total 4,190 11 8 1-21 2,200 *

Name of Water-race. Value of Sale ot Water, including Value of any Gold obtained. Expenditure. Profit or Loss on Working. si .So «! Value of Gold obtained. Duty received on Gold obtained. Total Profits or Losses, with Value of Gold-duty added. Total Cost of Construction. , Waimea-Kumara Water-race ,\ and Sludge-cliannel. Ten years ending 31st March, 1888 ■ Year ending 31st March, 1889 £ s. a.i £ s. a. £ s. a. Oz. £ s. d £ s. £ s. a. £ s. a. 83,737 14 1 9,798 11 6 57,287 19 3 6,169 10 4 |63,457 9 7 26,449 14 10 3,629 1 2 419 267 171,283 12,844 636,967 0 6 48,807 18 9 Total i 93,536 5 7 30,078 16 0J J405 i 184,127 685,774 19 3 18,412 14 48,491 10 0i 173,363 7 Nelson Creek. Ten years ending 31st March, 1888 Year ending 31st March, 1889 I 15,836 15 7 427 1 8 11,881 1 4 1,384 9 3 3,955 14 3 *957 7 7 59 23 30,143 744 115,296 19 6 2,845 16 0 Total 13,265 10 7 2,998 6 8 56 30,887 118,142 15 6 3,088 14 6,087 0 8 90,722 10 16,263 17 3 Argyle. Ten years ending 31st March, 1888 Year ending 31st March, 1889 I 4,465 0 0| 497 5 2 3,999 1 2 *396 19 10 465 18 io! 100 5 4: 17 20 6,708 628 25,627 7 0 2,402 2 0 ■■ ■• Total 4,962 5 2 4,396 1 0 1 566 4 2 37 7,336 28,029 9 0 733 12 1,299 16 2 ! 14,701 15 Mount Ida. Ten years ending 31st Decem- ' ber, 1887 Year ending 31st Dec, 1888 14,515 8 11 1,399 18 3 91,118 0 0 11,250 0 0 17,424 13 6 1,687 15 6 *2,909 4 7 *287 17 3 96 130 24,011 3,000 Total 15,913 7 2 19,112 9 0 *3,197 1 10 99 27,011 102,368 0 0 2,701 2 *495 19 10 65,776 3 Grand Totals 130,677 15 2 ■177 55,382 7 0 100,231 10 2 30,446 5 0 249,361 1934,315 3 9 24,936 2 344,563 16 * Shows actual loss on working.