D.—2.

STATEMENT No. 14. Expenditure on Construction of Railways, Rolling-stock, etc., to 31st March, 1935; Net Revenue and Rate of Interest earned on Capital expended on Opened Lines for Year ended same Date.

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 being furnished by the respective Boards. The rate of interest earned has been computed on the average capital.

14

— — j - I Opened Lines. —— Unopened ! Net Trffrest Section of Railway. Lines. Revenue. Lines and Rolling- Tntui earned. Works. stock. lota1 ' £ ft £ £ £ £ £ Kaihu .. •• ■■ •• •• 167,269 652 167,921 .. -898 Gisborne' " 32,493 774,250 .. -852 1,321,352 North Island Main Line and Branches .. 28,142,253 3,648,687 31,790,940 .. 490,479 1 11 0 . .. • • 2,573,196 .• • • South Island Main Line and Branches .. 15,498,284 2,515,493 18,013,777 299 239 -4'*-- 1 10 6 Westport " . •• •• 427J80 488,241 .! 12,017 2 9 5 P . .. .. .. 575,167 Nelaon.. " '. 495,711 14,925 510,636 .. -5,533 253,444 Pieton " •• 585,124 22,096 607,220 .. -199 314,056 46,057,578 6,295,407 52,352,985 .. 769,476 19 6 5,336,454 Lake Wakatipu steamer service .. .. 17,648 .. 17,648 .. 378 Subsidiary services, &c. .. .. .. 1,708,661 .. 1,708,661 .. 317,637 In suspense— Surveys, North Island .. .. .. •• •• 31,236 Surveys, South Island .. .. .. ■ ■ • • • • 5 > General .. .. •• •• 9,896 .. 9,896 10,337 P.W.D. stock of permanent-way .. .. 4,163 47,793,783 6,295,407 54,089,190 .. 1,087,491 2 0 3 5,387,953 v - Y " Total cost of opened and unopened lines at .. .. 59,477,143 31st March, 1935