D.^2.

STATEMENT No. 2 Income and Expenditure of the Whole Undertaking for the Year ended 31st March, 1927.

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Year 1926-27. j Year 1925-26. Statement _z . " No. | Gross Revenue. Expenditure. Net Revenue. Gross Revenue. Expenditure. Net Revenue £ s. d. £ s. d. £ s, d. £ s. d. £ s. d. £ s- d. Railway operating .. .. .. .. 3 7,423,472 111 6,158,282 19 7 1,265,189 2 4 7,589,274 2 6 6,164,569 14 1 1,424,704 8 5 Lake Wakatipu service .. .. .. 4 10,272 11 0 15,858 10 5 Dr. 5,585 19 5 10,625 0 0 15,612 11 1 Dr. 4,987 14 1 Refreshment service .. .. .. . . 5 129,612 6 6 119.567 7 0 10,044 19 6 133.657 14 6 119,585 9 0 14,072 5 6 Advertising service .. .. .. .. 6 47.387 6 6 42,508 18 2 4,878 8 4 45,454 5 2 31,238 12 2 1 14,215 13 0 Dwellings .. .. .. .. .. 7 83,374 14 1 137,546 18 10 Dr. 54,172 4 9 68,661 4 3 129,907 9 10 Dr. 61,246 5 7 Refreshment buildings, bookstalls, &c. .. .. 8 20,461 18 7 8,271 7 7 12,190 11 0 19,062 111 7,513 19 7 11,543 2 4 Road motor-service .. .. .. .. j 8a 8,743 17 3 8,843 16 9 Dr. 99 19 6 .. .. , Miscellaneous revenue .. .. .. .. 266,108 9 5 .. 266,108 9 5 234,486 13 5 .. 234,486 13 5 1 7.989,433 5 3 6,490,879 18 4 8,101,221 1 9 6,468,427 18 9 Total net revenue to Net .. .. .. .. 1,498,553 6 11 | .. .. 1,632,793 3 0 Net Revenue Account. Dr. 1926-27. 1925-26. Or. 1926-27. 1925-26. £ s. d. £ s. d. £ s. d. £ s. d. To Interest on capital .. .. .. .. 2,043,433 0 4 1,913,310 14 9 \ By Net earnings before charging interest on capital 1,498,553 6 11 1,632,793 3 0 Surplus for year 1925-26 carried to Net Revenue .. 1 79,022 16 9 Subsidy, branch lines and isolated sections .. 445,220 14 6 359,540 8 6 Appropriation Account Deficit for year 1926-27 carried to Net Revenue 99,658 18 11 Appropriation Account 2,043.433 0 4 ] 1,992,333 11 6 2,043,433 0 4 1,992,333 11 6 Net Revenue Appropriation Account. Dr. 1926-27. 1925-26. Or. 1926-27. 1925-26. £ s. d. £s.d. £ s. d. £ s. d. To Net Revenue Account .. .. .. 99,658 18 11 .. By Balance from previous year .. .. .. 21,022 16 9 Appropriation to Betterments Fund .. .. .. 58,000 0 0 Net Revenue Account .. .. .. .. 79,022 16 9 Balance carried forward .. .. .. j .. 21,022 16 9 Balance carried forward .. .. .. 78,636 2 2 99,658 18 11 j 79,022 16 9 99,658 18 11 j 79,022 16 9 H. Valentine, Chief Accountant.