REPORT ON TOKOMAIRIRO AND TUAPEKA RAILWAY.

D.—No. 8b

6

£ s. d. Brought forward—Gross receipts ... ... ... ... ... 42,366 11 6 Br. To working expenses. £500 per mile per annum on 36 miles, £18,000; contingencies, 10 per cent., £1,800 ... ... ... ... ... ... ...19,800 0 0 Net Revenue ... ... £22,566 11 6 To interest on constructive capital, 36 miles £180,000, at 5 per cent. ... ... 9,000 0 O Net surplus balances against sinking fund &c, representing 1\ per cent, profit, being altogether 12£ per cent, per annum upon capital expenditure ... £13,566 11 6 J. Millae, F.S.A., Dunedin, Ist August, 1872. Consulting Railway Engineer.