B.—l [PT. IV].

WORKING RAILWAYS ACCOUNT— continued. Income and Expenditure of the Whole Undertaking for the Year ended 31st March, 1939.

Net Revenue Account.

47

Year 1938-39. Year 1937-38. i Statement No. ( j Gross Revenue. i Expenditure. j Net Revenue. Gross Revenue. Expenditure. Net Revenue. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Railway operation 3 8,005,059 7 10 7,663,632 4 9 341,427 3 1 "i 1( > 7 ' 29 , 1 A 8 A A I n, 3 °°Afo in n Lake Wakatipu steamers .. .. .. 4 7,167 13 0 11,312 14 5 Dr. 4,145 1 5 7,624 3 9 11,143 13 9 Dr. 3,51910 0 Refreshment service 5 167,709 16 6 163,188 12 1 4,521 4 5 142,786 2 6 1 i°' 93 , 6 1 17 jl I'fl t I Bookstall service 5a 92,603 19 3 88,143 12 6 4,460 6 9 76,719 6 10 73,231 18 10 3,487 8 0 Advertising service .. .. 6 40,070 13 8 35,134 2 10 4,936 10 10 37,396 14 4 32,626 17 10 4,769 U 6 Dwellings . .. .. .. .. 7 133,945 11 2 187,193 1 1 Dr. 53,247 9 11 130,68-3 6 7 183,182 8 7 Dr. 52,499 2 0 Buildings occupied by refreshment services, book- 8 23,888 18 10 15,644 18 4 8,244 0 6 20,291 10 9 13,928 13 0 Road motor services 9 505,611 11 3 480,074 12 2 25,536 19 1 276,526 16 2 254,553 6 8 21,973 9 6 Miscellaneous revenue 369,329 16 7 .. 369,329 16 7 350,333 3 0 •• 350,333 3 0 9,345,387 8 1 8,644,323 18 2 .. 8,634,185 14 9 8,001,388 17 6 Total net revenue to Net Revenue Account.. .. .. •• 701,063 9 11 .. •• 632,796 17 3

Dr. 1938-39. 1937-38. Or. \ 1938-39. 1937-38. £ s. d. £ s. d. £ 8- d. £ s. d. Interest charges .. .. .. 2,418,116 9 6 2,335,807 11 1 Net earnings before charging interest on capital .. 701,063 9 11 632,796 17 3 Reduction on account of interest charges, vide section 14, Finance Act, 1930 (No. 2) 1,717,052 19 7 1,703,010 13 10 2,418,116 9 6 2,335,807 11 1 2,418,116 9 6 2,335,807 11 1