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CAPITAL INVESTMENT Approximately £376,000,000 has been invested in transport plant and facilities in New Zealand, the division between the different kinds being roughly:— Kind of Estimated Capital m , , Investment lrans P° rt - (000,000 omitted). £ Roads and motor transport .. .. .. 262* Railways .. .. .. .. 78 Coastal shipping .. .. .. .. 24f Tramways .. .. .. .. .. 6 Air .. .. .. .. .. 6 Total .. .. .. .. 376 * Includes value of roads, motor-vehicles, garages, spare parts, &c. ■f Includes the value of Harbour Board's assets other than cash assets. FREIGHT It is estimated that 2,133,000,000 ton-miles were Recorded last year by all forms of transport. This represents over 1,100 ton-miles per head of population. The following percentage figures show how each of the transport services contributed to this total:— Kind of Transport. Railways .. .. .. .. 46 Motor transport— Licensed road services .. .. 16 Other vehicles .. .. .. 17 33 Shipping .. .. .. .. 21 Air .. .. ' Total .. .. .. .. 100 The Railways are the most important form of .goods transport. They undertake just under half of the work involved in transporting goods in New Zealand. While air transport is not yet moving sufficient goods to figure in the percentage table, it continues to increase in importance. PASSENGERS During the year 3,527,000,000 passenger-miles were recorded. This work was distributed between the various transport agencies as follows : Kind of Transport. Railways .. .. .. .. 18 Motor transport — Licensed services.. .. 27 Private cars, &c. .. .. 42 69 Tramways .. .. .. 10 Shipping .. .. .. .. 2 Air .. .. .. .. .. 1 Total .. .. .. .. 100

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