D.—2

IV

RESULTS OF WORKING. The following is a summary of results of working, year ending the 31st March, 1902, as compared with 1901: —

Year ended 30th March. Particulars. 1902. 1901. Total miles open for traffic 2,235 2,212 Average miles open for year 2,227 2,174 Capital cost of opened and unopened lines Capital cost of open line's £19,496,553 £18,170,722 £18,230,057 £17,207,328 Capital cost per mile of open lines ... £8,159 £7,915 Gross earnings £1,874,586 £1,727,236 Working-expenses £1,252,237 £1,127,848 NET PROFIT ON WORKING £622,349 £599,388 PERCENTAGE INVESTED OF PROFIT TO CAPITAL 343 347 PERCENTAGE OF WORKING - EXPENSES TO EARNINGS 6680 6530 Earnings per average mile open £842 £794 Working-expenses per average mile open £562 £519 NET EARNINGS PER AVERAGE OPENMILE £280 £275 Earnings per train mile ... d. 88-75 d. 89-75 Working-expenses per train mile 59-32 58-58 NET EARNINGS PER TRAIN MILE 2943 3117 'assengers, ordinary 7,356,136 6,243,593 ieason tickets 100,778 82,921 roods tonnage 3,529,177 3,339,687 jive-stock tonnage 137,862 121,644 Vain mileage 5,066,360 4,620,971 .locomotives 362 306 'assenger cars 701 603 Vagons 12,444 10,868