D.—2.

16

STATEMENT No. 13. Expenditure on Construction of Railways, Rolling-stock, etc., to 31st March, 1928; Net Revenue and Rate of Interest earned on Capital expended on Opened Lines for Year ended same Date.

Section of Railway. Opened Linoi Unopened Lines. „ . Kato of Revenue lDt( *™t Kevenue. Earne(1 Lines and Works. Rollingstock. Total. Kaihu £ 176,072 £ 13,043 £ 189,115 £ £ £ s. d. - 2,818 Tauranga 1,463,159 Gisborne 774,035 73,482 847,517 - 9,821 North Island Main Lines and Branches 713,898 3 9 3 19,148,552 ! 5,657,216 24,805,768 4,884,993 843,014 3 9 3 South Island Main Lines and Branches | 16,757,374 4,402,572 21,219,946 191,423 0 18 3 0 18 3 207,410 39,894 5 ii 6 5 ii 6 Westport 548,322 148,524 696,846 574,096 175,030 Nelson 53i,464 42,632 69,864 -15,947 '.'. Picton 630,772 50,772 681,544 — "4,019 .. 17,129 38,566,591 10,448,241 49,014,832 7,531,48:!' 1,041,726 2 3 0 Lake Wakatipu steamer servioe Subsidiary Servioes, &c. Subsidy Branch Lines and Isolated Sections .. Tn suspense — Surveys, North Island Miscellaneous, North Island Surveys, South Island Miscellaneous, South Island General P.W.D. stock of permanent way Balance of coat of raising loan of £1,600,000 for Railways Improvement Authorization Act 1914 Account 44,387 2,101,240 44,387 2,101,240 29,681 5,169 5,763 5,168 - 5,742 313,863 489,508 14 18 9 26,917 26,917 16,943 15,875 40,739,135 10,448,241 51,187,376 I 51,187,376 .. 1,839,415 n a\c\ aqo i .. 7,610,082 17,458 3 12 9 Total cost of opened and unopenod lines at 31st Maroh, 1928 7,610,082 - ' * —' J 58, Id', 3 3 7 58,797,458 No-rrc.—The amount stated in this return as the Government expenditure ou railways. It also Inolu Harbour Hoards on railways and wuarves under tl information regarding thn last-mentioned being fun computed on cost proportionately to the time durinf the tinMncial year wore earning reveuuo, thus :— North Istfind Main Lines and Branches: Waihi-Ta 26th May, 1927. cost of construction of opi dos the Midland Railway an he provisions of section 7 nishod by the respi-ctive 1 g which the lines, taken ove iened lines includes the Provincial anr ad expenditure by the Greymouth and 7 of the Railways Authorization Ace, liiards. The rate of interest earned er by the Working Railways Dopamine! 1 General Westport 1885. the has been nt, within ihawai, opened for traffic lsi it May, 1927 ; Fetone-Watcrloo, opened for traffic,