D. —2.

RESULTS OF WORKING. The following is a statement of the results of working for the past five years

. For the current year it is anticipated that the revenue will reach £12,100,000 and the expenditure £10,352,000.

3

Year ended 31st March, Particulars. j 1942. 1941. | 1940. 1939. 1938. Total miles open for traffic .. •• 3,390 3,390 3,390 3,319 3,323 Average miles open for year.. .. 3,390 3,390 3,371 3,319 C^t7l7o7t7f^^^^d _ u7o"p7^dli^l73", £73,048,958 £71,087,455 £67,075,908 £63,189,260 Capital cost of open lines .. .. £64,904,020 £64,762,794 £63,059,188 £58,676,608 £56,065,187 Capital cost per mile of open lines .. £19,146 £19,104 £18,602 £17,679 £16,872 7 7 ~7 "77,938,338 £11,160,218 £10,199,070 £9,345,387 £8,634,186 Working-expenses .. .. £10,056,034 £9,465,574 £9,010,039 £8,644,324 £8,001,389 NET EARNINGS £1,882,304 £1,694,644 £1,189,031 £701,063 £632,797 Interest charges "~7 7 77 £2,575,1% ISi £2,385,808 PERCENTAGE OF TOTAL WORKINGEXPENSES TO GROSS EARNINGS 1 84-23 84-82 92-50 92 67 PERCENTAGE OF NET EARNINGS TO AVERAGE CAPITAL INVESTED IN OPEN LINES .. • • 2 ' 90 2 64 1 96 _ _ _ 1£9,694,190 £8,761,637 £8,005,059 £7,591,825 Railway operating expenses .. .. | £8,902,592 £8,406,790 £7,943,120 £7,663,632 £7,291,785 NET RAILWAY OPERATING EARNINGS £1,481,288 £1,287,400 £818,517 £341,427 £300,040 PERCENTAGE OF RAILWAY OPERATING EXPENSES TO EARNINGS .. 85*73 86-72 90*b6 Jo « > Operating earnings per average mile open £3,063 £2,860 £2,599 £2,412 £2,285 Operating expenses per average mile open £2,626 £2,480 £2,356 £2,309 £2,195 NET OPERATING EARNINGS PER £9Q AVERAGE MILE OPEN .. .. £380 £243 £103 WW d. d. d. d. d. , . -i 178-28 171-58 157-31 14-6-96 142*59 Operating earnings per tram-mile .. 1 ' L 1/1 Do •i 148-80 142*62 140*70 136*95 Operating expenses per tram-mile .. 10 * 8,3 t ° u NET OPERATING EARNINGS PER TRAIN-MILE .. .. 22-781™ 5-64 7" " .. 11,105,627 9,410,087 8,283.067 7,813,436 8,069,018 Season tickets 1 ' 065 .™ "*.!«• 88M " WM " Total passenger journey. .. .. 28,610,945 26,276,923 24,454,014 23,265,768 22,444,212 Ooods tonnage T.JJMW 7 - 76 *' 768 7 ' 0 "' 298 *' m ' m Live-stock tonnage W»,115 671,414 596,652 621.755 668,075 Train-mileage revenue .. .. 13,978,961 13,559,646 13,366,798 13,072,615 12,777,852 Engine-mileage 19.147,871 18,625,115 18,199,622 17,817,799 17,312,921