D.—2.

STATEMENT No. 14. Expenditure on Construction of Railways, Rolling-stock, etc., to 31st March, 1932; Net Revenue and Rate of Interest earned on Capital expended on Opened Lines for Year ended same Date.

Note. The amount stated in 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 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. The rate of interest earned has been computed on the average capital.

14

Opened Lines. Section of Railway. i 1 Unopened Net Lines and Rolling- j . LineB - Revenue. Works. I stock. | lotai. £ £ £ £ £ £ s. d. kaihu .. .. .. .. .. 169,268 685 169,933 .. -2,670 Gis'borne .. .. .. .. 743,542 33,551 777,093 !! -10,*610 !! 1,331,211 North Island Mam Line and Branches .. 25,370,695 3,618,690 28,989,385 .. 384,607 1 6 8 4,754,567 South Island Main Line and Branches .. 15,535,678 2,582,406 18,118,084 .. 123,750 0 13 8 313,127 Westport .. .. .. .. 424,244 63,106 487,350 .. 7,224 1 9 8 589,877 Nelson.. .. .. .. .. 496,370 15,402 511,772 .. -12,972 .. •• •• •• •• .. .. 258,459 Picton .. .. .. .. .. 586,168 22,125 608,293 .. -2,017 » •• •• •• •• .. .. 331,062 43,325,965 6,335,965 49,661,930 7,578,303 487,312 0 19 8 Lake Wakatipu steamer service .. .. 17,942 .. 17,942 .. —2,055 Subsidiary services, &c. .. .. .. 1,735,115 .. 1,735,115 !! " In suspense— Surveys, North Island .. .. .. .. .. .. 31,127 Surveys, South Island .. .. .. .. .. .. 5,763 General .. .. .. .. 9,896 .. 9,896 10,'337 !! " P.W.D. stock of permanent-way .. .. .. .. 5,288 45,088,918 6,335,965 51,424,883 .. 837,993 1 12 8 7,630,818 >■ v > Total cost of opened and unopened lines at .. .. 59,055,701 31st March, 1932 I