D.—2

STATEMENT No. 13. Expenditure on Construction of Railways, Rolling-stock, etc., to 31st March, 1926; Net Revenue and Rate of Interest earned on Capital expended on Opened Lines for Year ended same Date.

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I • I Opened Lines. Section of Railway. j j Unopened Net nrte^ost I Lines and Boiling- , T . , Lines. , Revenue. Earae< j_ Works. stock. | Aow". £ £ £ £ £ £ s. d. Kaibu .. .. .. .. 176,122 13,043 189,165 .. - 2,943 • •• •• •• • • • • •• •• . i »• . i Tauranga 1,336,421 Gisborne .. .. .. .. 773,450 75,172 848,622 .. - 1,545 698,715 North Island Main Lines and Branches .. 16,858,029 5,523,963 22,381,992 .. 1,167,908 5 10 11 3,543,051 South Island Main Lines and Branohes .. 16,187,444 4,371,099 20,558,543 .. 241,462 1 4 0 107,468 Westport .. .. .. .. 547,645 150,214 697,859 .. 30,744 4 8 1 141,301 Nelson .. .. .. .. 394,003 43,132 437,135 .. - 8,373 161,753 Picton .. .. .. .. 629,734 51,149 680,883 .. - 2,549 17,243 35,566,427 10,227,772 45,794,199 .. 1,424,704 3 4 8 6,005,952 Lake Wakatipu steamer service .. .. 44,300 .. 44,300 .. - 4,988 Subsidiary Services .. .. .. 1,620,070 .. 1,620,070 .. 213,07713 3 0 Subsidy Branch Lii;es and Isolated Sections .. .. .. .. .. 359,540 In suspense— Surveys, North Island .. .. .. .. .. 39,689 Miscellaneous, North Island .. .. .. .. .. 5,169 Surveys, South Island .. .. .. .. .. .. 5,763 Miscellaneous, South Island .. .. .. .. .. 5,168 General.. .. .. .. .. 3,698 .. 3,698 P.W.D. stock of permanent-way .. .. .. .. .. 22,458 W.R.D. stock of A.O.L. and R.I.A. stores .. 31,604 114,805 146,409 .. ' .. Balance of cost of raising loan of £500,000 .. .. .. 23,'580 for Railways Improvement Authorization Aot 1914 Account 37,266,099 10,342,577 47,608,676 .. 1,992,333 4 6 11 6,107,779 Total cost of opened and unopened lines at 31st .. .. 53,716,455 .. 3 16 8 March, 1926 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 Greymouth and Westport Harbour Boards on railways and wharves under the provisions of section 7 of the Railways Authorization Act, 1885, the information regarding tha last-mentioned being furnishel by the respective B >ards. The rate of interest earned has been computed on cost proportionately to the time during which the lines, taken over bv the Working Bailways Department-, within the financial year were earning revenue, thus:— North Island Main Lines and Branches; Huarau- Portland, opened for traffic 29tll November, 1925. South Island Main Lines and Branches : Tuatapere-Orawia, opened for traffic 20th October 1925. Beaumont-Miller's Flat, opened for traffic 16th December, 1925.