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RETURN No. 6. Estimated Amount of Expenditure on Construction of Railways, Rolling-stock, etc., to 31st March, 1921; Net Revenue, and Rate of Interest earned on Capital expended on Opened Lines for Year ended same Date.

Note.—The amount stated in this return as the cost of construction of opened lines includes the Provincial and General Government expenditure on railways. It also includes the Midland Railway and expenditure by the Greymouth and Westport Harbour Boards on railways and wharves under the provisions of section 7 of the Railways Authorization Ace, 1885, the information regarding the last-mentioned being furnished by the respective Boards. Whangarei Section. —Junction PointsPortland opened for traffic 3rd April, 1920. Ntrth Island Main Lines and Branches— Ranganui-Huarau opened for traffic Ist April, 1920. H. Williams, Chief Accountant.

Cost of Construction. Opened Lines. "»»££*» Net Revenue. Section of Railway. Rate of Interest earned. £ £ 857,352 423,954 100,159 57,919 £ - 540 £ B. d. Whangarei Kaibu -1,286 Tauranga Gisborne North Island Main Lines and Branches South Island Main Lines and Branohes.. Westland 629,096 686,087 293,075 16,691,573 1,337,473 14,774,620 234,134 2,196,316 920,002 606,531 95,876 444,934 45,959 683,136 19,338 43,708 6,515 1,003,896 226,751 24,833 0 19 0 6 0 3 1 10 8 1 2 7 Westport 17,805 2 18 8 Nelson -'5,512 Pioton .. .. .. .. 938 0 '2 9 Lake Wakatipu steamer sorvioe In suspense— Surveys, North Island Miscellaneous, North Island Surveys, South Island Miscellaneous, South Island P.W.D. stock of permanent-way W.R.D. stock of A.O.L. and R.I.A. stores 35,927 5,169 5,752 5,168 81,400 150,788 — 1,469 £37,235,254 £1,271,931 £3 8 4 Total cost of opened and unopened lines at 31st Maroh, 1921 I £4,190,242 £41, £3 15