H.—6

23

Total expenditure as shown herein ... ... ... £63,562 18 3 Deduct amounts included therein, chargeable to working railway, viz.,— General administration and stores ..'. £400 0 0 Interest comprised in overdraft between 4th January, 1889, and 31st August, 1889 ... ... ... 417 8 5 817 8 5 Total net expenditure on construction-works corresponding with amount shown as paid thereon, in statement showing cost of construction ... ... ... ... ...£62,745 9 10

Kaihu Valley Railway.—Summary Statement of Expenditure and Liabilities, exclusive of Amount derived from Railway Revenue, but including Contributions from Capital Account to Working-expenses. Grand Total Expenditure and Liabilities. £ s. d. £ s. d. Total expenditure to 4th January, 1890, as shown on return herewith ... 68,562 18 3 Deduct expenditure included therein out of loans and overdrafts which have to be repaid— Debentures ... ... ... ... ... ... 47,000 0 0 Bank overdraft, including interest thereon to 31st August, 1889 ... ... ... ... ... ... 8,277 10 8 Barstow, R. C, loan ... ... ... ... ... 598 6 6 55,875 17 2 Total expenditure out of funds other than loans or overdrafts. (This includes interest allowed by Bank on fixed deposits, £1,116 4s. 3d.) ... ... ... ... ... 7,687 1 1 Add total liabilities, as shown on return herewith — Actual liabilities as existing at 4th January, 1890 ... ... 78,113 0 8 Contingent liabilities, including estimated cost of completing railway ... ... ... ... ... ... 13,320 2 4 91,433 3 0 £99,120 4 1

Expenditure and Liabilities on Construction-works. Total expenditure out of funds other than loans or overdrafts, as above ... 7,687 1 1 Deduct amounts included therein chargeable to working railway— General administration and stores, &c... ... ... ... 400 0 0 Total expenditure out of funds provided by shareholders chargeable to construction-works ... ... ... ... ... 7,287 1 1 Add liabilities on construction-works, as shown in return herewith— Actual liabilities as existing at 4th January, 1890 ... ... 74,320 1 11 Contingent liabilities, including estimated cost of completion of railway, with permanent-way ... ... .. 13,320 2 4 87,640 4 3 £94,927 5 4

Expenditure and Liabilities on working Railway. Contributions from Capital Account to working-expenses, but exclusive of amounts derived from railway revenue, viz.,— General administration and stores ... ... ... ... ... 400 0 0 Interest comprised in bank overdraft between 4th January, 1889, and 31st August, 1889 ... ... ... ... ..' ... ... 417 8 5 817 8 5 Deduct expenditure included herein out of loans and overdrafts which have to be repaid ... ... ... ... ... ... ... ... 417 8 5 1 * Total expenditure out of funds provided by shareholders ... ... ... 400 0 0 Liabilities, as shown on return herewith ... ... ... ... ... 3,792 18 9 £4,192 18 9

Grand Total Expenditure and Liabilities. Total expenditure and liabilities on construction, as above— ... ... ... 94,927 5 4 „ „ „ workiug railway ... ... ... ... 4,192 18 9 £99,120 4 1