B.—l [Pt. IV].

NEW ZEALAND GOVERNMENT RAILWAYS— continued. Income and Expenditure of the Whole Undertaking for the Year ended 31st March, 1933.

Net Revenue Account.

132

Year 1932-33. Year 1931-32. Statement No. Gross Revenue. Expenditure. Net Revenue. Gross Revenue. Expenditure. Net Revenue. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Eailway operation .. .. .. .. 3 5,339,075 5 10 4,833,754 7 1 505,320 18 9 5,788,965 2 2 5,301,652 11 6 487,312 10 8 Lake Wakatipu steamers .. .. .. 4 7,864 8 10 8,199 13 10 Dr. 335 5 0 8,012 15 3 10,068 0 9 Dr. 2,055 5 6 Refreshment service .. .. .. .. 5 69,505 0 4 66,576 15 4 2,928 5 0 82,233 18 3 80,553 2 7 1,680 15 8 Book-stall service .. .. .. .. 5a 12,384 15 6 11,315 0 1 1,069 15 5 6,791 8 3 5,78117 3 1,009 11 0 Advertising service .. .. .. .. 6 33,613 9 1 29,936 12 8 3,676 16 5 39,31114 2 36,413 16 5 2,897 17 9 Dwellings .. .. .. - .. .. 7 137,575 4 8 145,786 9 5 Dr. 8,211 4 9 138,724 18 4 149,974 0 4 Dr. 11,249 2 0 Buildings occupied by refreshment service, book- 8 16,224 4 10 10,166 9 7 6,057 15 3 17,822 7 8 10,820 8 9 7,001 18 11 stall proprietors, &e. Road motor services .. .. .. .. 9 78,644 3 3 78,123 9 6 520 13 9 72,740 3 1 75,690 12 6 Dr. 2,950 9 5 Miscellaneous revenue .. .. .. .. 339,516 14 8 .. 339,516 14 8 354,345 7 7 .. 354,345 7 7 6,034,403 7 0 5,183,858 17 6 .. 6,508,947 14 9 5,670,954 10 1 Total net revenue to Net Revenue Account .... .. .. 850,544 9 6 .. .. 837,993 4 8

— Dr. 1932-33. 1931-32. Cr. 1932-33. 1931-32. £ s. d. £ s. d. £ s. d. £ a. d. To Interest charges .. .. .. .. 2,230,655 4 10 2,221,465 8 0 By Net earnings before charging interest on capital.. 850,544 9 6 837,993 4 8 Reduction on account of interest charges, vide 1,380,110 15 4 1,383,472 3 4 Section 14, Finance Act, 1930 2,230,655 4 10 2,221,465 8 0 2,230,655 4 10 2,221,465 8 0