D—2

STATEMENT No. 14 Expenditure on Construction of Railways, Rolling-stock, etc., to 31st March, 1947; Net Revenue and Rate of Interest earned on Capital expended on Opened Lines for Year ended same Date

Note.—The amount stated in this return as the cost of construction of opened lines includes the Provincial and General Government expenditure on railways. It also includes the Midland Railway and expenditure by the Greymouth an 1 Westport Harbour Boards on railways and wharves under the provisions of section 7 of the Railways Authorization Act, 1885, the information regarding the last-mentioned being furnished by the respective Boards. The rate of interest earned has been computed on the average capital.

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Section of Railway. Opened Lines. Net Revenue. Rate of Interest earned. Lines and Works. Rolling-stock. Total. North Island Main Line and Branches South Island Main Line and Branches Nelson Lake Wakatipu steamer service Subsidiary services, &c. In suspense— Surveys, North Island Surveys, South Island General P.W.D. stock of permanent-way Total cost of opened lines at 31st March, 1947 £ 38,031,866 23,076,340 490,242 £ 6,802,163 3,689,538 9,641 £ 44,834,029 26,765,878 499,883 £ -231,910 -566,623 -22,462 £ s. d. 61,598,448 20,396 3,224,161 9,896 10,501,342 72,099,790 20,396 3,224,161 9^896 -820,995 -3,976 560,758 64,852,901 10,501,342 75,354,243 -264,213 75,354,243