B.—l [PT. IV], Sup. TO 1932.

NEW ZEALAND GOVERNMENT RAILWAYS. Income and Expenditure of the Whole Undertaking for the Year ended 31st March, 1932.

Net Revenue Account.

104

Year 1031-32. Year 1930-31. Gross Revenue. Expenditure. Net Revenue. Gross Revenue. Expenditure. Net Revenue. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Railwav operation .. .. .. .. 5,788,965 2 2 5,301,652 X1 6 487,312 10 8 6,781,387 14 5 6,406,143 11 3 375,244 3 2 Lake Wakatipn steamers .. .. .. .. 8,012 15 3 10,068 0 9 Dr. 2,055 5 6 9,165 10 2 14,063 15 6 Dr. 4,898 5 4 Refreshment service .. .. .. .. .. 82,233 18 8 80,553 2 7 1,680 15 8 116,664 19 5 113,323 14 1 3,341 5 4 Book-stall service .. .. .. .. 6,791 8 3 5,781 17 3 1,009 11 0 3,897 16 8 3,181 17 2 715 19 6 Advertising service .. .. .. .. .. 39,31114 2 36,413 16 5 2,897 17 9 49,941 3 0 48.691 19 8 1,249 3 4 Dwellings .. .. , .. .. 138,724 18 4 149,974 0 4 Dr. 11,249 2 0 116,256 7 3 178,410 6 10 Dr. 62,153 19 7 Buildings occupied by refreshment service, bookstall pro- 17,822 7 8 10,820 8 9 7,001 18 11 20,022 2 0 9,803 19 4 10,218 2 8 prietors, &c. Road motor services .. .. .. .. 72,740 3 1 75,690 12 6 Dr. 2,950 9 5 103,347 18 11 109,190 14 1 Dr. 5,842 15 2 Miscellaneous revenue .. .. .. .. 354,345 7 7 .. 354,345 7 7 370,853 4 2 .. 370,853 4 2 6,508,947 14 9 5,670,954 10 1 7,571,536 16 0 6,882,809 17 11 Total net revenue to Net Revenue Account .. .. .. .. 837,993 4 8 .. j .. 688,726 18 1

Dr. 1931-32. 1930-31. Cr. 1931-32. 1930-31. £ s. d. £ s. d. ' £ s. d. £ s. d. To Interest charges .. .. .. .. 2,221,465 8 0 2,255,345 9 10 By Net earnings before charging interest on capital.. 837,993 4 8 688,726 18 1 Reduction on account of interest charges, vide 1,383,472 3 4 1,566,618 11 9 Section 14, Finance Act, 1930 2,221,465 8 0 2,255,345 9 10 2,221,465 8 0 2,255,345 9 10 Net Revenue Appropkiation Account. Dr. 1931-32. Or. 1931-32. £ s. d. £ s. d. To Balance from previous year .. .. .. 1,892,016 12 9 By Depreciation Account .. .. .. 1,658,252 19 6 General Reserve Account .. .. .. 233,763 13 3 1,892,016 12 9 1,892,016 12 9