]).- 2.

RESULTS OF WORKING.

The following is a statement of the results of working for the past five years

For the current year it is anticipated that the revenue will reach £6,746,284, and the expenditure £5,701,883.

XXVIII

Year ended 31st. March, Particulars. , "j 1935. 1934. 1933. 1932. 1931. i j Total miles open for traffic .. .. 3,320 j 3,320 3,315 3,315 j 3,322 Average miles open for year .. .. 3,320 3,304 3,315 3.315 3,303 Capital cost of opened and unopened lines £59,477,143 £59,337,917 £59,228,894 £59,055,701 £68,679,025 Capital cost of open lines .. .. : £54,089,190 £53,909,347 £51,480,949 £51,424,883 £60,545,154 Capital cost per mile of open lines .. £16,292 £16,238 £15,530 £15,513 £18,226 " .. .. £6,627,928 £6,332,711 £6,034,403 £6,508,948 £7,571,537 Working-expenses .. .. •• £5,540,437 £5,247,153 £5,183,859 £5,670,955 £6,882,810 NET EARNINGS .. .. • • £1,087,491 £1,085,558 £850,544 £837,993 £688,727 ~7 ~ .. £2,330,886 £2,282,365 £2,230,655 £2,221,465 £2,255,345 PERCENTAGE OP TOTAL WORKINGEXPENSES TO GROSS EARNINGS 83 59 82 86 85-91 87*13 90-90 PERCENTAGE OF NET EARNINGS TO CAPITAL INVESTED .. .. 2 01 2-05 1*65 1-64 1-16 Railway operating earnings .. .. £5,908,064 £5,628,835 £5,339,075 £5,788,965 £6,781,388 Railway operating expenses .. .. £5,138,588 £4,877,146 £4,833,754 £5,301,653 £6,406,143 NET RAILWAY OPERATING EARNINGS £769,476 £751,689 £505,321 £487,312 £375,245 PERCENTAGE OF RAILWAY OPERATING EXPENSES TO EARNINGS .. 86 98 86-65 90-54 91-58 94-47 Operating earnings per average mile open £1,880 £1,704 £1,610 £1,746 £2,053 Operating expenses per average mile open £1,548 £1,476 £1,458 £1,599 £1,939 NET OPERATING EARNINGS PER AVERAGE MILE OPEN .. .. £232 £228 £152 £147 £114 d. d. d. d. d. Operating earnings per train-mile .. 133'44 132-92 130-37 136-63 14-4-26 Operating expenses per train-mile .. 116-06 115-17 118-03 125-13 136-28 NET OPERATING EARNINGS PER TRAIN-MILE .. .. .. 17-38 17-75 12-34 11-50 7*98 Passengers, ordinary .. .. 7,809,035 7,511,346 6,870,570 6,503,566 7,288,674 Season tickets .. .. .. 457,546 442,742 437,775 459,063 600,440 Total passenger journeys .. .. 19,654,467 19,047,186 18,366,654 19,151,480 22,813,708 Goods tonnage .. .. .. 5,444,977 5,093,396 4,945,592 5,272,253 6,409,831 Live-stock tonnage .. .. .. 578,983 548,803 545,094 552,558 556,498 Train-mileage .. .. .. 10,626,400 10,163,474 9,828,853 10,168,720 11,281,898 Engine-mileage .. .. .. 14,277,710 13,591,390 13,265,878 13,845,966 15,618,776