D.—2.

STATEMENT No. 14. Expenditure on Construction of Railways, Rolling-stock, etc., to 31st March, 1937; 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. """" U Revenue Interest Lines and Ttoiling- 58 - revenue. earneiJ , Works. stock. 10tal - £ £ £ ! £ £ £ s. d. Kaihu .. .. .. •• •• 159,654 586 160,240 j .. -3,791 Gisborne' " !! '! '' 74M86 767,'o26 .. -4,816 1,565,136 North Island Main Line and Branches .. 28,483,084 3,802,521 32,285,605 .. 449,484 1 7 10 2 623 272 South Island Main Line and Branches !! 15,856/734 ' .! 0 is 3 419,522 Westport .. .. .. .. 309,638 45,054 354,692 .. 11,948 3 7 5 649,044 Nelson.. .. .. .. .. 497,235 10,498 507,733 .. -8,633 „ .. .. .. .. .. .. .. 252,618 Picton .. .. .. .. .. 562,554 16,565 579,119 .. -253 „ .. .. .. .. .. .. .. 397,476 46,615,085 6,290,880 52,905,965 .. 565,219 1 1 9 5,907,068 Lake Wakatipu steamer service .. .. 17,645 .. 17,645 .. —3,743 Subsidiary services, &c. .. .. .. 1,762,931 .. 1,762,931 .. 342,382 In suspense —■ Surveys, North Island .. .. .. .. .. .. 31,235 Surveys, South Island .. .. .. .. .. .. 5,763 .. General .. .. .. .. 9,896 ' .. 9,896 10,337 P.W.D. stock of permanent-way .. .. .. .. 8,943 48,405,557 6,290,880 54,696,437 5,963,346 903,858 1 13 0 Y —' Total cost of opened and unopened lines at .. .. 60,659,783 31st March, 1937