XLIX

H.—2

5 {continued). " And the annual gross earnings of the said lines of railway and the line between Belgrove and Motupiko during the period between that date and the date when the same became legally vested in Us." Springfield to Patterson's Greek. £ p. d. (Exhibit No. 2.) 26th May, 1895, to 3ist March, 1896 ... 47 18 3 Ist April, 1896, to „ 1897 ... 52 5 7 1897, to „ 1898 ... 29 16 7 1898, to „ 1899 ... 133 18 0 1899, to „ 1900 ... 191 17 7 1900, to 21st July, 1900 ... 84 6 8 Stillwater to Beefton and Brunnerton to Jackson's. S, s. d. (Exhibit No. 2.) 26th May, 1895, to 31st March, 1896 ... 13,157 3 6 Ist April, 1896, to „ 1897 ... 17,716 3 1 1897, to „ 1898 ... 19,351 15 1 1898, to „ 1899 ... 20,004 10 9 1899, to „ ■ 1900 ... 21,161 1 3 1900, to 21st July, 1900 ... 6,756 12 6 Belgrove to Motupiko. £ s. a. (Exhibit No. 2.) Ist March, 1899, to 31st March, 1899 ... 65 12 11 Ist April, 1899, to „ 1900 ... 895 7 8 (?) 1900, to 21st July, 1900 ... 255 0 0 The net result of these amounts, after deducting working-expenses, should be increased by the amount debited to working-expenses and fairly chargeable to capital, thus :— : & a. d. (Exhibit No. 2.) Eeefton line—Protective works ... ... 2,287 6 0 „ „ Rolling-stock and signals ... 2,713 15 4 „ Belgrove line—Rolling-stock and signals ... 1,287 8 0 „ Springfield line—Protective works ... 127 11 4 (Exhibit No. 70.) „ Improvements ... ... 915 3 1 6. " What part of such annual gross earnings may fairly be estimated to have arisen from the carriage of goods and passengers in connection with the construction of the said lines of railway, or of the portions of the railway beyond the limits of the same." Pbiob to the Seizure. Springfield-Patterson's Creek. Nil. Belgrove-Norris's Gully. Nil. Stillwater-Reefton, Brunnerton-Jackson's. £ b. a. (Exhibit No. 96.) Jan., 1890, to June, 1890 ... ... ... 807 8 1 June, 1890, to " 1891 ... ... ... 2,527 6 2 „ 1891, to . „ 1892... ... ... 1,204 16 8 „ 1892, to „ 1893... ... ... 1,153 17 6 „ 1893, to „ 1894... 1,121 3 0 There was also an amount (Exhibit No. 93) during above periods credited to revenue for engine and wagon hire (£2,252) due to construction-works ; also an amount of £931 for labour and cranage charged against railway contractors; also an amount of £1,108 12s. (£1,471 for rent, less rent shown in Exhibit No. 97, £362 Bs.) for rentals on land acquired by company and credited to railway revenue. In estimating the earning-power of the railway, these items, less cost of earning same, must be taken into consideration. Peeiod subsequent to Seizuee and peioe to Vesting. Springfield-Patterson's Greek. £ s. d. (Exhibit No. 61.) Ist April, 1897, to 31st March, 1898 ... 0 8 5 1898, to „ 1899 ... 49 8 9 1899, to „ 1900 ... 141 15 0 1900, to 21st July, 1900 ... ... 69 18 7 Belgrove-Norris's Gully. Nil. Stillwater-Beefton and Brunnerton-Jackson's. (Exhibit No. 8.) For passengers ... £215 per annum from Jackson's. „ For goods ... ... 557 „ Public Works. „ „ ... ... 377 „ workmen's stores. (Exhibit No. 157.) For passengers ~. 15 „ to Jackson's, vii—H. 2.