B._l [Pt. IV]

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. For the purpose of computing interest charges the capital above is reduced by £8,100,000, vide section 20 of the Finance Act, 1929.

NEW ZEALAND GOVERNMENT RAILWAYS— continued. Capital Account as at 31st March, 1931.

166

Total to 31st March, Year ended Total to 31st March, I Total to 31st March, Year ended Total to 31st March, 1930. 31st March, 1931. 1931. 1930. 31st March, 1931. 1931. I I | II . ! 1 Expenditure. £ s. d. £ s. d. £ s. d. Receipts. £ s. d. £ s. d. £ s. d. Permanent-way, and works, buildings, 46,447,470 14 10 2,206,030 1 5 48,653,500 16 3 From General Government Funds — machinery, and plant (lines open for Public Works Fund .. .. 48,344,986 8 11 1,400,299 13 3 49,745,286 2 2 traffic) Wellington-Hutt Railway Improve- 228,373 5 5 .. 228,373 5 5 Rolling-stock .. .. .. 11,052,109 17 8 562,513 4 5 11,614,623 2 1 ment Account New lines in course of construction by 1,413,874 19 11 Cr. 279,951 18 5 1,133,923 1 6 Railways Improvement Account, 641,275 7 8 .. 641,275 7 8 Public Works Department charged 1904 against Railways Improvement Au- ; Railways Improvement Authoriza- 7,618,657 6 2 1,072,457 7 8 8,691,114 13 10 thorization Act 1914 Account tion Act 1914 Account Lake Wakatipu steamer service .. 44,749 12 8 290 2 3 1 45,039 14 11 Consolidated Fund .. .. 4,296 7 10 .. 4,296 7 10 Road motor services .. .. 90,221 10 2 Cr. 11,350 9 10 j 78,871 0 4 Westport Harbour Loans .. 350,000 0 0 .. 350,000 0 0 House-factory and sawmill at Frankton 153,118 15 2 .. j 153,118 15 2 ! Works constructed from Harbour Junction ! Board funds — Westport .. .. .. 71,640 0 0 .. 71,640 0 0 Greymouth .. .. .. 47,508 0 0 .. 47,508 0 0 Works constructed by provinces and 1,787,741 0 0 .. 1.787,741 0 0 Midland Railway Company at valuation 59,094,477 16 0 2,472,757 0 11 61,567,234 16 11 Advances to Capital Account from .. 111,082 0 6 111,082 0 6 Working Railways Account Outstanding liabilities .. .. .. 759 12 10 759 12 10 59,201,545 10 5 2,477,530 19 10 61,679,076 10 3 | 59,094,477 16 0 2,584,598 14 3 61,679.076 10 3