D.—2.

The position with regard to the Equalization Accounts is as under : —

REVENUE DETAILS. The operating revenue under the main headings, and the percentage of the total under each heading, compared with the previous two years, are as follow : —

The revenue under all heads showed a satisfactory increase over the previous year, the increases being—Passenger, 7-15 per cent. ; parcels, 2-69 per cent. ; goods, 5-35 per cent. The operating earnings per average mile open and per train-mile were as follow : — Per Average Per Mile open. Train-mile. 1936 1,881 135-60 1935 .. .. .. •• 1,780 133-44 1934 .. .. .. .. 1,704 132-92 The railway operating receipts for the last three years (exclusive of subsidiary services) from the North and South Island Main Lines and Branches are as follow : —

The operating earnings for the last three years for the North and South Island Main Lines and Branches per average mile open and per train-mile are as follow : —

VIII

Credit Balance n ± -t. a' I' ... Credit Balance Account. broughtforwardi at st arc ' 1 ' from 1935. I ' ' 1936. £ £ £ £ Slips, Floods, and Accidents .. .. 96,172 19,782 13,201 102,753 Workers'Compensation .. .. .. 36,869 38,144 29,797 45,216 Insurance .. .. .. .. 82,888 15,028 4,718 93,198 215,929 I 72,954 47,716 241,167 I

Per Cent, of I Per Cent, of Per Cent, of 1936. Operating 1935. Operating 1934. Operating Revenue. I Revenue. Revenue. £ £ £ Passengers, ordinary .. 1,286,059 20-60 1,193,372 20-20 1,164:,731 20-69 Season tickets .. .. 180,558 2-89 175,316 2-97 171,603 3-05 Parcels, luggage, and mails 299,964 4-80 292,096 4-94 281,889 5-00 Goods .. .. .. 4,359,750 69-83 4,138,434 70-05 3,911,245 69-49 Labour, demurrage, &c. .. 117,188 1-88 108,846 1-84 99,367 1-77 6,243,519 100-00 5,908,064 100-00 , 5,628,835 100-00

North Island Main Line and Branches. South Island Main Line and Branches. : 1936. 1935. 1934. 1936. 1935. 1934. i_ ££££££ Passengers, ordinary .. 827,138 762,974 741,020 448,601 419,648 412,078 Season tickets .. 121,985 117,316 115,454 55,243 54,731 53,009 Parcels, luggage, and mails 201,190 194,761 187,010 93,893 92,584 89,711 Goods .. .. 2,476,862 2,299,881 2,188,126 1,775,795 1,733,950 1,625,376 Labour, demurrage, &c. 62,053 57,754 54,302 48,993 46,410 40,651 3,689,228 3,432,686 3,285,912 2,422,525 2,347,323 j 2,220,825 I I

North Island Main Line and Branches. South Island Main Line and Branches. Per Average Mile I Per Train . mile . Per Average Mile Per Train . m ile. open. i open. £ d. £ d. 1936 . .. 2,483 130-25 1,520 143-57 1935 2,310 126-87 1,473 143-27 1934 .. .. .. 2,235 126-61 1,393 142-49