D.— 2

2

STATEMENT No. 1. Capital Account as at 31st March, 1928.

Total to 31st March, 1927. Year ended 31st March, 1928. Total to 31st March. 1928. Total to 31sl March, 1927. Year ended 31st March, 1928. Total to 31st March, 1928. Expenditure. Permanent way, and works, buildings, machinery, and plant (lines open for traffic) Rolling-stock New lines in course of construction by Public Works Department charged against Railways Improvement Authorization Act 1914 Account Lake Wakatipu steamer service Road motor services House-factory and sawmill at Frankton Junction Stores and material £ s. d. 38,533,474 2 4 £ s. d. 1,951,267 9 4 £ s. d. 40,484,741 11 8 Receipts. £ s. d. From General Government Funds — Public Works Fund .. .. 43,623,289 11 10 Wellington-Hutt Railway Improve- 228,373 5 5 ment Account Railways Improvement Account, 1904 641,275 7 8 Railways Improvement Authoriza- 2,942,222 10 1 tion Act 1914 Account Consolidated Fund .. .. 4,296 7 10 Westport Harbour Loans .. 350,000 0 0 Works constructed from Harbour Board f unds — Westport .. .. .. 71,640 0 0 Greymouth .. .. .. 47,508 0 0 Works constructed by provinces and 1,787, 741 0 0 Midland Railway Company at valuation £ s. d. 556,028 12 6 £ s. d. 44,179,318 4 4 228,373 5 5 10,326,989 14 6 556,877 8 7 121,250 14 8 6,128 19 10 10,448,240 9 2 563,006 8 5 1,419,857 6 4 641,275 7 8 4,362,079 16 5 44,387 3 3 13,703 6 2 156,813 17 1 39,489 15^10 44,387 3 3 53,193 2 0 156,813 17 1 4,296 7 10 350,000 0 0 108,547 9 10 ( Or. 108,547 9 10 71,640 0 0 47,508 0 0 1,787,741 0 0 49,696,346 2 10 Advances to Capital Account from Working Railways Account Outstanding liabilities 1,975,885 18 10 82,866 5 3 51,672,232 1 82,866 5 Or. 4,715 15 4 Or. 4,715 15 49,740,793 1 9 2,009,589 9 10 51,750,382 11 7 49,696,346 2 10 2,054,036 8 9 51,750,382 11 Note. —Unopened lines are under the control of the Public Works Department, and all expenditure out of the Public Works Fund in connection therewith is included in the accounts of that Department.