D.—3

1930. NEW ZEALAND.

SUMMARY SHOWING THE POSITION OF LINES UNDER CONSTRUCTION, WITH ESTIMATES OF ANNUAL REVENUE, EXPENDITURE, OPERATING LOSS, INTEREST CHARGES, AND TOTAL LOSS THEREON.

Laid on the Table by leave, and ordered to be printed.

ESTIMATED ANNUAL REVENUE AND EXPENDITURE, LINES UNDER CONSTRUCTION. Summary.

Comparison between Lines under Construction and Lines Open for Traffic. New Lines. Open Lines. Average cost per mile (exclusive of £ £ rolling-stock) .. .. .. 39,840 14,109 Interest charges per mile .. .. 1,992 610 Operating earnings per mile . . . . 790 2,274 Operating expenses per mile . . . . 936 2,083 Net operating earnings per mile .. 146f 191 Net loss per mile .. .. .. 2,138 419 t Loss. North Auckland Main Trunk Railway. Okaihau-Rangiahua Extension (14 miles 9 chains.) £ Estimated capital cost .. . . . . . . 680,000 Total per mile .. .. .. .. 48,184 Expenditure to 30th June, 1930 .. .. .. 576,869 Per Annum. £ Estimated additional revenue . . . . . . 7,000 Estimated additional expenditure . . . . . . 8,000 Estimated operating loss . . . . . . . . ] , 000 Interest charges at 5 per cent. .. .. .. 34,000 Estimated total loss . . .. . . .. 35,000

Railway. Miles. ! Revenue. Expenditure, j Chsu-ges Total Loss. £ £ £ £ £ Okaihau-Rangiahua .. 15 7,000 8,000 1,000 34,000 35,000 Kirikopuni-Dargaville .. 18 9,000 10,170 1,170 25,500 26,670 Gisborne-Eskdale.. .. 121 60,876 100,459 39,583 243,550 283,133 Okahukura-Tahora .. 42 .. 39,700 39,700 112,950 152,650 South Island Main Trunk .. 76 112,300 77,140 35,160* 135,160 100,000 Westport-Inangahua .. 26 43,000 36,000 7,000* 43,850 36,850 Kawatiri-Inangahua .. 47 38,200 48,800 10,600 92,650 103,250 345 270,376 320,269 49,893 687,660 737,553 * Profit.