D.—2

STATEMENT No. 2. Income and Expenditure of the Whole Undertaking for the Year ended 31st March, 1937.

Net Revenue Account.

4

Year 1936-37. jl Tear 1935-36. — j Statement No. ; *— I : j i. ;— : —; —; — , —;— |— ~ Gross Revenue. j Expenditure. Net .Revenue. j Gross Ilevenue. Expenditure. I Net Revenue. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Railway operation .. .. .. .. 3 6,903,604 0 3 6,338,385 5 3 565,218 15 0 6,243,518 17 9 5,523,192 18 11 720,325 18 10 Lake Wakatipu steamers .. .. ■ .. 4 7,111 17 6 10,855 0 0 Dr. 3,743 2 6 10,597 14 7 9,398 11 9 1,199 2 10 Refreshment service .. .. .. 5 103,351 0 4 101,124 11 11 2,226 8 5 89,132 2 3 84,976 11 2 4,155 11 1 Book-stall service .. .. .. .. 5a 54,417 5 2 51,245 6 11 3,171 18 3 45,797 12 5 43,041 11 0 2,756 1 5 Advertising service .. .. .. .. 6 34,535 111 31,150 11 5 3,384 10 6 31,774 4 2 29,391 2 10 2,383 1 4 Dwellings .. .. .. .. .. 7 131,187 6 0 164,745 13 0 Dr. 33,558 7 0 129,254 13 7 156,692 3 2 Dr. 27,437 9 7 Buildings occupied by refreshment service, book- 8 19,019 10 0 12,233 2 9 6,786 7 3 17,909 0 3 11,463 14 10 6,445 5 5 stall-proprietors, &c. Road motor services.. .. .. .. 9 198,751 4 5 177,053 8 2 21,697 16 3 103,279 13 0 94,682 8 7 8,597 4 5 Miscellaneous revenue .. .. .. .. 338,673 17 7 .. 338,673 17 7 333,052 3 7 .. 333,052 3 7 7,790,651 3 2 6,886,792 19 5 .. 7,004,316 1 7 5,952,839 2 3 Total net revenue to Net Revenue Account.. j .. .. .. 903,858 3 9 .. .. 1,051,476 19 4

Dr. 1936-37. 1935-36. j! Cr. 1936-37. 1935-36. . • I. .. ' I . ■"''■■■ ■■ ; I I £ s. d. £ s. d. £ s. d. j £ s. d. Interest charges .. .. .. 2,309,754 6 4 2,300,050 15 10 Net earnings before charging interest on capital .. 903,858 3 9 ! 1,051,476 19 4 Reduction on account of interest charges, vide 1,405,896 2 7 1,248,573 16 6 section 14, Finance Act, 1930 (No. 2) ! 2,309,754 6 4 I 2,300,050 15 10 2,309,754 6 4 j 2,300,050 15 10