1),—2

STATEMENT No. 14. Expenditure on Construction of Railways, Rolling-stock, etc., to 31st March, 1942; 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 Grey mouth 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.

3—l). 2.

13

Opened Lines. Met Bate of Section of Railway. Interest Lines and Rolling- qv , , earned. Works. Stook. I0HU ' £ £ £ £ £ s. d. Gisborne .. .. .. .. 749,393 20,840 770,233 -9,382 North Island Main Line and Branches' '' 33,336,661 6,672,409 40,009,070 1 ,o6i,998 2 U 8 South Island Main Line and Branches .. 16,602,740 3,533,203 20,135,943 38i,826 I 17 11 Westport" .. " .. !! 3is,243 45,329 360,572 32,645 9 Oil Nelson .. !! «, " .. 497,242 9,383 506,625 -8,993 Picton !! .. !! .. .. 610,658 14,800 625,458 -6,806 52,111,937 10,295,964 62,407,901 1,481,288 2 7 6 Lake Wakatipu steamer service .. .. 20,396 .. 20,396 —4,198 Subsidiary services, &c. .. .. .. 2,465,827 .. 2,465,827 405,214 In suspense — Surveys, North Island Surveys, South Island General .. .. .. .. 9,896 .. 9,896 P.W.D. stock of permanent-way 54,608,056 10,295,964 64,904,020 1,882,304 2 18 0 Total cost of opened lines at 31st March, 1942 .. .. £64,904,020 .. ..