B.—l [PT. IV].

WORKING RAILWAYS ACCOUNT—continued. Income and Expenditure of the Whole Undertaking for the Year ended 31st March, 1938.

Net Revenue Account.

B—B.8 —B. 1 [Pt, IV].

57

1 Tear 1937-38. Year 1936-37. i Statement No. — — ~ ' ~~ " r Gross Revenue. Expenditure. Net Revenue. Gross Revenue. Expenditure. Net Revenue. —— 3 £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. J Railwav operation .. .. •• 3 7,591,824 10 10 7,291,785 1 7 300,039 9 3 6,903,604 0 3 6,338,385 5 3 565,218 15 0 Lake Wakatipu steamers 4 7,624 .3 9 11,143 13 9 Dr. 3,519 10 0 7,111 17 6 10,855 0 0 Dr. 3,743 2 6 Refreshment service .. .. 5 142,786 2 6 140,936 17 3 1,849 5 3 103,351 0 4 101,124 11 11 2,226 8 5 5a 76,719 6 10 73,231 .18 10 3,487 8 0 54,417 5 2 51,245 6 11 3,171 18 3 Advertising service 6 37,396 14 4 32,626 17 10 4,769 16 6 34,535 111 31,150 11 5 3,384 10 6 DvwSr -• 7 130,683 6 7 183,182 8 7 Dr. 52,499 2 0 131,187 6 0 164,745 13 0 Dr. 33,558 7 0 Buildings occupied by refreshment service, book- 8 20,291 10 9 13,928 13 0 6,362 7 9 19,019 10 0 12,233 2 9 6,786 7 3 Rotdiervkes et0rS ' & °' •• 9 276,526 16 2 254,553 6 8 21,9.73 9 6 198,751 4 5 177,053 8 2 21,697 16 3 Miscellaneous revenue' .. - 350,333 3 0 .. 350,333 3 0 338,673 17 7 .. 338,673 17 7 8,634,185 14 9 8,001,388 17 6 .. 7,790,651 3 2 6,886,792 19 5 Total net revenue to .Net Revenue Account.. .. .. •• 632,796 17 3 .. •• 903,858 3 9

Dr. 1937-38. 1936-37. ' Cr. 1937-38. J 1936-37. £ s. (1. £ .s. d. £ s. d. £ s. d. Interest charges .. .. .. .. 2,335,807 11 1 2,309,754 6 4 Net earnings before charging interest on capital .. 632,796 17 3 903,858 3 9 Reduction on account of interest charges, vide 1,703,010 13 10 1,405,896 2 7 section 14, Finance Act, 1930 (No. 2) — 2,335,807 11 1 2,309,754 6 4 £2,335,807 11 1 2,309,754 6 4