D.—2.

STATEMENT No. 2 Income and Expenditure of the Whole Undertaking for the Year ended 31st March, 1929.

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Year 1928-29. Year 1927-28. Statement 1 . No. I Gross Revenue. Expenditure. Net Revenue. Gross Revenue. Expenditure. Net Revenue. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Railway operation .. .. .. .. .. 7,524,864 1 3 6,374,579 1 9 1,150,284 19 6 7,343,844 15 1 6,302,118 15 2 1,041,725 19 11 Lake Wakatipu steamers .. .. .. 4 10,940 9 8 17,424 16 3 Dr. 6,484 6 7 9,885 111 15,626 13 4 Dr. 5,74111 5 Refreshment service .. .. .. .. 5 123,058 19 8 116,090 6 5 6,968 13 3 122,220 7 5 114,643 14 9 7,576 12 8 Book-stall service .. .. .. .. 5a 322 8 5 300 14 8 21 13 9 j Advertising service .. .. .. .. 6 53,983 15 3 50,719 9 7 3,264 5 8 1 52,600 2 2 48,921 6 11 3,678 15 3 Dwellings .. .. .. .. .. 7 105,897 7 5 170,073 8 9 Dr. 64,176 1 4 | 93,643 0 1 162,263 10 7 Dr. 68,620 10 6 Buildings occupied by refreshment service, book- 8 19,455 1 0 8,483 0 7 10,972 0 5 , 20,542 2 0 8,827 12 5 11,714 9 7 stall proprietors, &c. Road motor-services .. .. .. .. 8a 102,385 7 7 111,712 8 5 Dr. 9,327 0 10 32,486 10 10 32,721 8 3 Dr. 234 17 5 Miscellaneous revenue .. .. .. .. 308,131 2 7 .. 308,131 2 7 359,747 16 9 .. 359,747 16 9 8,249,038 12 10 6,849,383 6 5 8,034,969 16 3 6,685,123 1 5 Total net revenue to Net Revenue Account .... .. .. 1,399,655 6 5 .. .. 1,349,846 14 10 Net Revenue Account. Dr. 1928-29. 1927-28. Cf. 1928-29. 1927-28. £ s. d. £ s. d. £ s. d. £ s. d. To Interest on capital .. .. .. .. 2,331,334 14 5 2,130,866 17 10 By Net earnings before charging interest on capital .. 1,399,655 6 5 1,349,846 14 10 Subsidy, branch lines and isolated sections .. 498,936 13 11 489,567 19 6 Deficit carried to Net Revenue Appropriation 432,742 14 1 291,452 3 6 Account 2,331,334 14 5 2,130,866 17 10 2,331,334 14 5 2,130,866 17 10 Net Revenue Appropriation Account. Dr. 1928-29. 1927-28. Cr. 1928-29. 1927-28. £ s. d. £ s. d. £ s. d. £ s. d. To Balance from previous year .. .. .. 370,088 5 8 78,636 2 2 By Balance carried forward .. •• •• 802,830 19 9 370,088 5 8 Net Revenue Account .. .. .. 432,742 14 1 291,452 3 6 802,830 19 9 370,088 5 8 802,830 19 9 370,088 5 8