D—2

SUBSIDIARY SERVICES Particulars of revenue, expenditure, and net revenue for the various subsidiary services are set out in Statements Nos. 4 to 9 inclusive, and the following table shows the variations in revenue and expenditure with last year :

Dealing with the main item in this table—i.e., road motor services—the revenue increased in proportion to increased mileage arising from new and extended services and the purchase of established services. The most important purchase during the year was that of the service of Wm. White and Sons, Ltd., running Auckland-Thames-Coromandel. The continued operation of the coal-saving time-table, with consequent diversion of passengers to road, continued to assist in maintaining road service revenue, although this would probably have been a good deal higher but for the poliomyelitis outbreak immediately prior to Christmas, 1947. Expenditure rose in higher ratio than revenue, mainly by reason of increased petrol prices, increased wages, and increase in depreciation due to the fact that the cost of vehicles put into service during the year was two to three times higher than the pre-war cost of similar vehicles. LOCOMOTIVE FUEL

The following table shows the consumption and stocks of locomotive coal during the past nine years : —-

The decline in the tonnage of locomotive coal consumed was due to the lower allocation of New Zealand coal, partially offset by the greater quantity of imported coal used and the partial substitution of oil fuel.

7

Revenue. Expenditure. Amount, 1948. Variation, 1948 with 1947. i Amount, 1948. 1 Variation, 1948 with 1947. Lake Wakatipu steamers .. Refreshment service Bookstall service Advertising service Dwellings Other buildings Road - motor services Miscellaneous revenue (nonoperating) £ 12,996 325,002 238.785 54,911 167,582 59,744 1,741,786 505.786 £ + 495 — 15,796 + 33,605 + . 6,986 + 7,766 + 5,893 + 186,100 + 25,270 Per Cent. 3-96 4-64 16-38 14-58 4-86 10-94 11-96 5-26 £ 16,461 331,666 236,904 40,748 281,318 47,204 1,666,505 £ - 16 - 1,801 + 34,445 + 3,047 + 1,720 + 6,202 +277,718 Per Cent, 0-10 0-54 17-01 8-08 0-62 15-13 20-00 Totals 3,106,592 +250,319 8-76 2,620,806 +321,315 13-97

Year ended 31st March, Coal Consumption. Hard. | Soft. | Total. Coal Stocks. Tons. Tons. Tons. Tons. 1940 301,512 190,944 492,456 53,570 1941 298,465 230,087 528,552 76,109 1942 307,948 229,784 537,732 73,332 ,1943 333,773 278,068 611,841 65,087 -1944 .. 284,688 349,319 634,007 20,817 1945 205,577 371,349 576,926 20,954 1946 209,943 400,143 610,086 11,841 1947 233,651 360,180 593,831 7,166 1948 279,738 • 288,240 567,978 9,988