D.—2

STATEMENT No. 2. Income and Expenditure of the Whole Undertaking for the Year ended 31st March, 1936.

Net Revenue Account.

4

Year 1935-86. i| Year 1934-35. Statement : I! ; So. j Gross Revenue. Expenditure. Net .Revenue. Gross Revenue. Expenditure. Vet Revenue. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Railway operation .. .. .. .. 3 6,243,518 17 9 5,523,192 18 11 720,325 18 10 5,908,063 16 4 ; 5,138,588 0 6 769,475 14 10 Lake Wakatipu steamers .. .. .. 4 10,597 14 7 9,398 11 9 1,199 2 10 10,646 10 6 10,268 19 9 377 10 9 Refreshment service .. .. .. 5 89,132 2 3 84,976 11 2 4,155 11 1 79,817 3 8 77,684 19 4 2,132 4 4 Book-stall service .. .. .. .. 5a 45,797 12 5 43,041 11 0 2,756 1 5 36,846 0 2 34,564 11 0 2,281 9 2 Advertising service . . .. .. .. 6 31,774 4 2 29,391 2 10 2,383 1 4 30,029 12 7 27,941 18 9 2,087 13 10 Dwellings .. .. .. .. .. 7 129,254 13 .7 156,692 3 2 Dr. 27,437 9 7 105,338 6 3 155,302 4 4 Dr. 49,963 18 1 Buildings occupied by refreshment service, book- 8 17,909 0 3 11,463 14 10 6,445 5 5 17,346 1 10 11,480 14 7 5,865 7 3 stall proprietors, &c. Road motor services.. .. .. .. 9 103,279 13 0 ! 94,682 8 7 8,597 4 5 90,278 4 7 84,605 11 3 5,672 13 4 Miscellaneous revenue .. .. .. .. 333,052 3 7 j .. 333,052 3 7 349,562 3 4 .. 349,562 3 4 7,004,316 1 7 5,952,839 2 3 6,627,927 18 3 5,540,436 19 6 Total net revenue to Net Revenue Account.. .. .. | .. j 1,051,476 19 4 .. .. 1,087,490 18 9

Dr. 1935-36. 1934-35. I Cr. 1935-36. i 1934-35. £ s. d. I £ s. d. £ s. d. £ s. d. To Interest charges .. .. .. .. j 2,300,050 15 10 | 2,330,883 11 7 By Net earnings before charging interest on capital.. 1,051,476 19 4 1,087,490 18 9 Reduction on account of interest charges, vide 1,248,573 16 6 1,243,394 12 10 Section 14, Finance Act, 1930 (No. 2) 2,300,050 15 10 i 2,330,885 11 7 2,300,050 15 10 : 2,330,885 11 7