13

IX—2

RETURN No. 6. Expenditure on Construction of Railways, Rolling-stock, etc., to 31st March, 1925; Net Revenue, and Rate of Interest earned on Capital expended on Opened Lines for Year ended same Date.

H. Valentine, Acting Chief Accountant.

I I Cost of Construction. Section of Railway. " ' ,, r , of TTnonanA/j Revenue. Interest earned. Opened Lines. "Ss £ £ £ £ s. d. Whangarei .. .. .. .. .. 1,184,198 .. -- 17,403 .. .. 371,334 Kaibu .. .. .. .. .. j 192,164 .. - 153 Taurariga .. .. .. .. .. j .. | .. 1,212,335 Gisbome .. .. .. .. .. 864,825 .. 1,614 0 4 4 618,391 North Island Main Lines and Branches .. .. 20,134,115 .. 1,222,020 6 2 4 3,147,462 South Island Main Lines and Branohes.. 20,179,781 .. 333,347 1 13 5 .. .. ■ 405,420 j Westport .. .. .. .. .. 703,063 .. 39 090 5 11 2 113,684 Nelson .. .. .. .. .. 445,246 .. - 7,125 124,308 Pioton .. .. .. .. .. 688,246 .. - 2,099 17,493 Lake Wakatipu steamer service .. .. 44,300 .. — 2,183 In suspense — Surveys, North Island .. .. .. .. 38,083 Miscellaneous, North Island .. .. .. .. 5,169 Surveys, South Island .. .. .. .. 5,763 ; Miscellaneous, South Island .. .. .. .. 5,168 P.W.D. stock of permanent-way .. .. .. 125,951 i W.R.D. stock of A.O.L. and R.I.A. stores 134,808 Balance of oost of raising loan of £1,000,000 for .. 42,193 Railways Improvement Authorization Aot 1914 Account £44,570,746 .. £1,567,108 £3 11 0 £6,262,754 Total cost of opened and unopened lines at 31st £50,833,500 .. £3 18 Maroh, 1925 . Note. —The amount stated in this return as the cost ot' construction of opened lines includes the Provincial and General Government expenditure on railways. It also includes the Midland Railway aud expenditure by the Greymouth and Westport Harbour Boards on railways and wharves under the provisions of section 7 of the Railways Authorization Act, 1885, the information regarding the last-mentioned being furnished by the respective Boards. Tbe 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 :— South Islarnl Main Lines and Branches: Arthur's Pass-Otira, opened for traffic 25tli May, 1921. North Island Main Lines and Branches: Pukemiro - Glen Afton, opened for traffic 14th June, 1924; ICohuratahi-Tahora, opened for traffic 21st November, 1924. Qisbome Section: Makaraka-Ngatapa, opened for traffic 15th December, 1924.