B.— 1, :PT. IVI.

Net Revenue Appropriation Account. Dr - £ s. d. Cr. £ s. d. To Appropriation to Betterments Fund 58,000 0 0 By Net Revenue Account .. .. 79,022 16 9 Balance carried toward .. .. 21,022 16 9 £79,022 16 9 £79,022 16 9

NEW ZEALAND GOVERNMENT RAILWAYS— continued. Income and Expenditure of the Whole Undertaking for the Year ended 31st March, 1926.

Net Revenue Account.

147

Year 1925-26. Year 1924-25. = ( 7 Gross Revenue. Expenditure. j Net Revenue. Gross Revenue. ! Expenditure. | Net Revenue. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Railway operating .. .. .. .. .. 7,589,274 2 6 6,164,569 14 1 1,424,704 8 5 7,014,648 13 7 5,533,136 3 11 1 481 512 9 8 Lake Wakatipu service .. .. .. .. .. 10,625 0 0 15,612 14 1 Dr. 4,987 14 1 10,096 2 4 12,279 6 10 Dr. 2'183 4 6 Refreshment service .. .. .. .. .. 133,657 14 6 119,585 9 0 14,072 5 6 104,796 14 0 99,996 14 0 4 800 0 0 Advertising service .. .. .. .. .. 45,454 5 2 31,238 12 2 14,215 13 0 30,731 1 3 29,647 2 5 1 083 18 10 Dwellings .. .. .. .. .. .. 68,661 4 3 129,907 9 10 Dr. 61,246 5 7 52,572 0 0 34,203 0 0 18'369 0 0 Refreshment buildings, bookstalls, &e. .. .. .. 19,062 1 11 7,513 19 7 11,548 2 4 13,347 0 0 390 0 0 12 957 0 0 Miscellaneous revenue .. .. .. .. .. 234,486 13 5 .. 234,486 13 5 50,569 11 0 .. 5o',569 11 0 Subsidies, branch lines and isolated sections .. .. 359, 540 8 6 .. 359, 540 8 6 8,460,761 10 3 6,468,427 18 9 7,276,761 2 2 5,709,652, 7 2 Total net revenue to Net Revenue Account .. .. .. .. 1,992,333 11 6 .. .. j 55-7 jQg j5 0 ' - . . J___ I ' |

Dr. 1925-26. 1924-25. || Cr. , 1925-26. 1924-25. £ S. d. £ s. d. £ s. d. £ s. d. To Interest on capital .. .. .. .. 1,913,310 14 9 1,654,845 4 10 By Net earnings before charging interest on capital .. 1,992,333 11 6 1 567 108 15 0 Surplus for year 1925-26 carried to Net Revenue 79,022 16 9 .. Deficit for year 1924-25 .. .. i ' m'7W q in Appropriation Account ' ' 1,992,333 11 6 1,654,845 4 10 1,992,333 11 6 1,654,845 4 10