D.—2.

STATEMENT No. 2. Income and Expenditure of the Whole Undertaking for the Year ended 31st March, 1935.

Net Revenue Account.

4

Year 1934-35. Year 1933-34 Statement No. " j Gross Revenue. Expenditure. Net Revenue. Gross Revenue. Expenditure. Net Revenue. R £ s. d. £ s. d. £ s. d. £ s. d. \ £ s. d. £ s d Railway operation 3 5,908,063 15 4 5,138,588 0 6 769,475 14 10 5,628,83, 5 8 1 4,877,145 13 5 751 689 14 8 Wakatipu steamers .. .. .. 4 10,646 10 6 10,268 19 9 377 10 9 9 616 17 4 9 610 7 2 6 10 2 Refreshment service .. .. .. .. 5 79,817 3 8 77,684 19 4 2,132 4 4 73,657 6 1 72 871 12 11 785 13 2 Book-stall service 5a 36,846 0 2 34,564 11 0 2,281 9 2 20,786 0 0 19,102 3 5 1 683 16 7 Advertising service 6 30,029 12 7 27,941 18 9 2,087 13 10 32,706 16 1 30,159 2 7 2 547 13 6 Dwellings . .. 7 105,338 6 3 155,302 4 4 Dr. 49,963 18 1 137,238 9 0 150,781 0 1 Dr. 13 542 11 1 Buildings occupied by refreshment service, book- 8 17,346 1 10 11,480 14 7 5,865 7 3 15,749 1 2 10 666 7 4 5 082 7? 10 stall proprietors, &c. ' ' ' Road motor services .. .. .. .. 9 90,278 4 7 84,605 11 3 5,672 13 4 79 183 18 2 76 816 6 f 2 367 12 0 Miscellaneous revenue.. .. .. .. .. 349,562 3 4 .. j 349,562 3 4 334,937 13 6 ~ 334,937 13 6 6,627,927 18 3 5,540,436 19 6 6,332,711 9 5 5,247,152 13 1 Total net revenue to Net Revenue Account .. .. .. 1,087,490 18 9 J 085 558 16 ~4

Dr • 1934-35. 1933-34. Or. 1934-35. j * 1933-34. £ s. d. £ s. d. £ g. d. £ s. d. To Interest charges .. .. .. .. 2,330,885 11 7 2,282,365 4 2 By Net earnings before charging interest on capital.. 1,087,490 18 9 1,085,558 16 4 Reduction on account of interest charges, vide 1,243,394 12 10 1,196,806 7 10 Section 14, Finance Act, 1930 2,330,885 11 7 2,282,365 4 2 2,330,885 11 7 2,282,365 4 2