D.—2,

16

STATEMENT No. 13. Expenditure on Construction of Railways, Rolling-stock, etc., to 31st March, 1929; Net Revenue and Rate of Interest earned on Capital expended on Opened Lines for Year ended same Date.

Opened Lines. Section of Railway. 7 j j ! Unopened Interest Lines and I Rolling- T . , j Lines - Revenue. earned. Works. ' stock. 1 Xotal - | £ £ | £ £ £ £ s. d. Kaihu .. .. .. .. .. 176,136 13,043 189,179] .. -3,787 Gisborne .. .. .. .. 774,438 73,628 848,066 .. -7,981 a .. • • .. .- .. .. .. 733 80] North Island Main Lines and Branches .. 23,492,057 5,809,991 29,302,048 .. 910,070 3 5 5 4,482,076 South Island Main Lines and Branches .. 17,349,249 4,565,502 21,914,751 .. 237,099 1 1 11 ,, ,, .. .. .. .. 72.164 Westport ' .. .'. .. .. 550,749 148,524 699,273 .! 37,587 5 *7 8 248,640 Nelson.. .. .. .. .. 532,014 42,632 574,646 .. -16,920 „ .. .. .. .. .. .. .. 101,546 Picton .. .. .. .. .. 631,238 50,939 682,177 .. -5,783 „ .. .. .. .. .. .. .. 17,514 43,505,881 10,704,259 54,210,140 5,655,741 1,150,285 2 3 8 Lake Wakatipu steamer service .. .. 44,387 .. 44,387 .. —6,484 Subsidiary Services, &c. .. .. .. 2,284,532 .. 2,284,532 .. 255,854 11 4 0 Subsidy, Branch Lines and Isolated Sections .. .. .. .. 498,937 In suspense— Surveys, North Island .. .. .. .. .. .. 29,862 Miscellaneous, North Island .. .. .. .. .. 5,169 Surveys, South Island .. .. .. .. .. .. 5,763 Miscellaneous, South Island .. .. .. .. .. 5,168 General .. .. .. .. 29,539 .. 29,539 P.W.D. stock of permanent way .. .. .. .. .. 5,913 45,864,339 10,704,259 56,568,598 .. 1,898,592 3 9 0 5,707,616 < v > —.——— Total cost of opened and unopened lines at .. .. 62,276,214 .. 3 1 7 31st March, 1929 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 the last-mentioned b:ung furnished by the respective Boards. The rate of interest earned has been computed on cost proportionately to the time during which the lines, taken over by the Working Railways Department, within the financial year were earning revenue, thus: — North Island Main Lines and Branches : Waiotira-Kirikopuni, opened for traffic 15th May, 1928; Tahawai-Tauranga, opened fo r traffic 18th June, 1928 ; Tauranga-Taneatua, opened for traffic 2ndISeptember, 1928. South Island Main Lines and Branches: Miller's Flat - Roxburgh, opened for traffic 18th April, 1928.