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RETURN No. 6. Expenditure on Construction of Railways, Rolling-stock, etc., to 31st March, 1924; Net Revenue, and Rate of Interest earned on Capital expended on Opened Lines for Year ended same Date.

L. Hamann, Chief Accountant.

Cost of Construction. Section of llail way. I r *■ a *! e °* , J Opened Lines. 1 Unopened R ™ Interest earned. £ £ 2 £ s. d. Whangarei .. .. .. .. .. 962,512 .. i — 6,653 529,488 | Kaibu .. .. .. .. 191,902 .. I -1,169 Tauranga .. .. .. ' .. .. | .. 1,107,661 : Gisborne .. .. .. .. .. 699,362 .. 6,135 0 17 7 • J .. 714,114 , North Island Main Lines and Branches .. .. 19,076,401 .. 1,216,479 6 7 6 .. ; .. 2,642,373 South Island Main Lines and Branohes.. .. 15,994,401 j .. 340,081 2 2 8 | 315,086 Westland .. .. .. .. .. 2,438,977 .. I 7,778 0 6 6 I 1,502,724 Westport .. .. .. •• .. 606,490 j .. 29,462 4 17 2 „ (Gape Poulwind Line) .. .. 93,450 j .. ' —1,512 97 627 Nelson .. .. .. .. .. 444,816 j -5,170 | 98,684 Picton .. .. .. .. .. 687,691 | .. — 3,408 ! 18,128 Lake Wakatipu steamer service .. .. 44,350 .. — 1,583 In suspense — Surveys, North Island .. .. .. .. 35,103 Miscellaneous, North Island .. .. .. .. 5,169 Surveys, South Island .. .. .. 5,763 Miscellaneous, South Island .. .. .. .. 5,168 P.W.D. stock of permanent-way .. .. .. 200,580 W.R.D. stock of A.O.L. and R.I.A. stores .. , 159,075 .. * Balance of oost of raising loan of £1,000,000 for | .. 61,726 [ Railways Improvement Authorization Aot 1914 Account £41,399,427 .. I £1,580,445 £3 16 6 £7,339,394 J v — , ' I Total cost of opened and unopened lines at 31st £48,738,821 .. £3 4 10 March, 1924 I Note.—The amount stated ill 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 ori railways and wharves under the provisions of section 7 of the Railways Authorization Acc, 1885, the information regarding the last-mentioned being furnished by the respective Boards. The rate of interest earned has been computed on cost proportionately to the time during which the lines, taken over by the Working Railways Department., within the financial year were earning Revenue, thus :— Whangarei Section: Kaikohe-Okaihau opened for traffic 20th October, 1923. Kaihu Section: Tarawhat! - Donnelly's Crossing opened for traffic 1st April, 1923. North Island Main Lines and Branches: Napier-Bskdale opened for traffic 23rd July, 1923. Westland Section: Runanga-Rapuhoe opened for traffic iird September, 1923. T IT.... /"11- * C A . . l i.