D,—2.

STATEMENT No. 2. Income and Expenditure of the Whole Undertaking for the Year ended 31st March, 1939.

Net Revenue Account.

4

Year 1938-39. Year 1937-38. j Statement No. * L — j =— : ; 1 » Gross Revenue. Expenditure. Net Revenue. Gross Revenue. Expenditure. Net Revenue. I mf- " T ~ T £ d. £ s. d. £ s. d. £ s. d. i £ s. d. £ s. d. Railway operation .. .. .. j 3 8,005,059 7 10 7,663,632 4 9 341,427 3 1 7,591 ,824 10 10 j 7,291,785 1 7 300,039 9 3 Lake Wakatipu steamers .. .. ' 4 7,167 13 0 11,312 14 5 Dr. 4,145 1 5 7,624 3 9 \ 11,143 13 9 Dr. 3,519 10 0 Refreshment service.. .. .. .. 5 167,709 16 6 168,188 12 1: 4,521 4 5 142,786 2 6 ! 140,936 17 3 ! 1,849 5 3 Bookstall service .. .. .. .. 5a 92,603 19 3 88,143 12 6 4,460 6 9 76,719 6 10 73,231 18 10 3,487 8 0 Advertising service .. .. .. .. 6 40,070 13 8 35,134 2 10 4,936 10 10 37,396 14 4 32,626 17 10 4,769 16 6 Dwellings .. .. .. .. .. 7 133,945 11 2 187,193 1 1 Dr. 53,247 9 11 130,683 6 7 183,182 8 7 Dr. 52,499 2 0: Buildings occupied by refreshment services, book- 8 23,88.8 18 10 15,644 18 4 8,244 0 6 20,291 10 9 13,928 13 0 6,362 17 9 stalls, &c. • Road motor services .. .. .. 9 505,611 11 3 480,074 12 2 25,536 19 1 276,526 76 2 254,553 6 8 21,973 9 6 Miscellaneous revenue .. .. .. .. 369,329 16 7 .. 369,329 16. 7 350,333 3 0 , 350,333 3 0 9,345,387 8 1 8,644,323 18 2 .. 8,634,185 14 9 8,001,388 17 6 Total net revenue to Net Revenue Account.. .. .. .. 701,063 9 11 .. 632,796 17 3

Dr. 1938-39. I 1937-38. Cr. 1938-39. 1937-38. . _ _ _ g _ , — _ £ s. d. £ s. d. £ s. d. | £ s. d. Interest charges .. .. .. .. 2,418,116 9 6 2,335,807 11 1 Net earnings before charging interest on capital .. 701,063 9 11 - 632,796 17 3 Reduction on account of interest charges, vide \ section 14, Finance Act, 1930 (No. 2) . X,717, 852 19 7 j . 1,703,07// 13 10 2,418,116 9 6 2,335,807 11 1 2,418,116 9 6 2,335,807 11 1