D-2

16

STATEMENT No. 2 Income and Expenditure of the Whole Undertaking for the Year ended 31st March, 1946

Net Revenue Account

Statement Year 1045-46. Year 1944-45. No. Gross Revenue. Expenditure. Net Revenue. Gross Revenue. Expenditure. Net Revenue. Railway operation Lake Wakatipu steamers Refreshment service Bookstall service .. .. .. ... Advertising service Dwellings Buildings occupied by subsidiary services Road motor services Miscellaneous revenue 3 9a 9a 9a 9a 9a 9a 9a £ 13,104,587 10,671 366,148 183,827 40,304 158,266 48,003 1,098,944 434,097 £ 12,549,724 19,527 339,126 179,803 32,758 270,998 33,821 959,087 £ 554,863 Dr. 8,856 27,022 4,024 7,546 Dr. 112,732 14,182 139,857 434,097 £ 12,448,307 9,196 341,529 191,257 35,363 157,795 45,317 820,022 410,964 £ 11,696,895 14,036 324,934 186,810 30,060 237,819 30,833 738,890 £ 751,412 Dr. 4,840 16,595 4,447 5,303 Dr. 80,024 14,484 81,132 410,964 15,444,847 14,384,844 14,459,750 13,260,277 Total net revenue to Net Revenue Account 1,060,003 1,199,473

Dr. 1945-46. 1944-45. Cr. 1945-46. 1944-45. £ £ £ £ Interest charges .. .. .. 2,889,195 2,842,399 Net earnings before charging interest on capital 1,060,003 1,199,473 Reduction on account of interest charges, vide 1,829,192 1,642,926 section 14, Finance Act, 1930 (No. 2) 2,889,195 2,842,399 2,889,195 2,842,399