D.—2

5

RETURN No. 1.-continued. Income and Expenditure of the Whole Undertaking.

Net Revenue Account fob the Year ended 31st March, 1925. £ s. d. j £ s. d. To interest for the year 1924-25 on cost pro- I By net earnings for the year after payment of portionately to the time during which lines I working-expenses •• .. 1,567,108 15 0 taken over during the year were revenue- Deficit for the year .. .. .. 87,730 9 10 earning— 3i per cent, on £44,059,807 Us. Bd. .. 1,652,242 15 8 Interest from 29th October, 1923, to 31st March, 1924, on £163,871 (Kaikohe-Okaihau Sec- . tion} omitted from capital cost last year .. 2,602 9 2 £1,654,845 4 10 ! £1,654,845 4 10 |

Year 1924-25. j Year 1923-24. Gross Revenue. Expenditure. Net Revenue. Gross Revenue. Expenditure. Net Revenue. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Railway .. .. 7,080,507 13 7 5,533,136 3 11 1,547,431 9 8 6,056,519 19 0 5,393,309 19 5 1,563,209 19 7 Lake Wakatipu steamers 10,096 2 4 12,279 6 10 Dr. 2,183 4 0 8,812 5 V 10,455 13 0 Dr. 1,583 8 0 Advertising .. .. 30,731 1 3 29,647 2 5 1,083 18 10 24,073 12 1 16,639 15 3 7,433 16 10 Refreshment-rooms .. 104,796 14 0 99,996 14 0 4,800 0 0 101,921 15 5 96,921 15 5 5,000 0 0 7,226,191 11 2 5,675,059 7 2 1,551,132 4 0 7,091,387 11 6 5,517,327 3 1 1,574,060 8 5 Miscellaneous receipts (net) : — Rents from refreshment-rooms .. .. .. 5,766 0 0 .. •• 5,686 14 3 Rents from advertising Service .. .. .. 1,000 0 0 ■■ 196 0 0 Advertising rights .. .. .. .. . . 7,674 0 0 ■ . ■ • Commission and miscellaneous .. .. .. 1,536 11 0 •• ■■ 601 16 9 Total net revenue carried to Met Revenue Account £1,567,108 15 0 .. ■ ■ £1,580,444 19 5