D.—2.

STATEMENT No. 14. Expenditure on Construction of Railways, Rolling-stock, etc., to 31st March, 1939; Net Revenue and Rate of Interest earned on Capital expended on Opened Lines for Year ended same Date.

14

Opened Lines. Section of Railway. "unes Revenue Interest Lines and Rolling- j T t . LlDes - Revenue. earnedj Works. stock. j 10taL £ £ £ £ £ £ S. d. Kaihu .. .. .. .. .. 159,654 586 160,240 .. -8,772 .! Gisborne " !! !! !! 746!610 '' !! 2,480,101 North Island Main Line and Branches .. 29,668,923 5,418,560 35,087,483 .. 355,468 1 0 9 „ „ .. .. .. .. 2,915,358 South Island Main Line and Branches .. 16,169,686 2,774,359 18,944,045 .. 1,072 0 0 1 938 409 Westport " .. !! .! 4 3 10 934,272 Nelson.. .. .. .. .. 497,242 9,898 507,140 .. -11,130 „ .. .. .. .. .. .. .. .. 256,657 Pioton .. .. .. .. .. 575,547 13,410 588,957 .. -7,587 „ .. .. .. .. .. .. .. 790,080 48,130,597 8,282,707 56,413,304 .. 341,427 0 13 7 8,314,877 Lake Wakatipu steamer service .. .. 19,466 .. 19,466 .. —4,145 Subsidiary services, &o. .. .. .. 2,233,942 .. 2,233,942 .. 363,781 In suspense— Surveys, North Island .. .. .. .. .. .. 31,235 Surveys, South Island .. .. .. .. .. .. 5,880 General .. .. .. .. 9,896 .. 9,896 10,337 P.W.D. stock of permanent-way .. .. .. .. 36,971 50,393,901 8,282,707 58,676,608 8,399,300 701,063 14 7 Total cost of opened and unopened lines at .. .. 67,075,908 31st March, 1939 I NOT®.—The amount stated in this return as the oost 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.