9

D.-4.

New Zealand Midland Railway Company's Estimate of Developed Traffic— continued.

Enclosure 4 in No. 6. Summaey of Estimates of Tbaffic on East and West Line given in the "History of the East and West Coast and Nelson Eailway," page 389. (The cost of working is based on the estimate of cost given by Messrs. Higginson and Maxwell in Eeport dated the Ist April, 1892, on incline line at Arthur's Pass.) £ (a.) First estimates, framed 1879, revenue .. 163,900 Cost of working, 52 per cent. 85,233 Balance available for interest . £78,677 (b.) Total stated by company's promoters ■ ■. 184,000 Cost of working, 52 per cent. 95,680 Balance .. £88,320 (c.) Above modified .. 175,000 Cost of working, 52 per cent. .. 91,000 Balance .. . £84,000 (d.) Eailway League estimates laid before the members of the West Coast Commission ... .. .. 134,375 Cost of working, 52 per cent. ... 69,875 Balance .. ... £64,500 (c.) Estimate of West Coast Commissioners .. 120,000 Cost of working, 52 per cent. 62,400 Balance ... £57,600 (/.) Estimate doubled by them 240,000 Cost of working, 52 per cent. 124,800 Balance .. .. £115,200 (g.) Estimate worked out from examination of evidence and public documents .. 200,000 Cost of working, 52 per cent. . 104,000 Balance £96,000 Average of above estimates .. 173,898 Cost of working, 52 per cent. 90,427 Balance £83,471 2—D 4.

SDFKL;FJ;SDAF SDAFJSDKLFJ;LDSGDSG FDSHNGLKJ;DSFG SD NGM;DFGHJDF