D.—2

III

RESULTS OP WORKING. The following is a summary of the results of working for the year ended 31st March, 1921, as compared with 1920: —

Year ended 31st March. Pabticudabs. 1920. 1921. Total miles open for traffic 3,006 3,018 Average miles open for year 2,996 3,018 Capital cost of opened and unopened lines £39,997,340 £41,425,496 Capital cost of open lines £36,390,115 £37,235,254 Capital cost per mile of open lines ... £12,106 £12,337 Gross earnings £5,752,487 £6,908,531 Working-expenses £4,105,067 £5,636,601 NET PROFIT ON WORKING £1,647,420 £1,271,930 PERCENTAGE OF PROFIT TO CAPITAL INVESTED ... 453 342 •ERCENTAGE OF WORKING-EXPENSES TO EARNINGS 7136 8159 larnings per average mile open £1,923 £2,293 Working-expenses per average mile open £1,372 £1,870 IET EARNINGS PER AVERAGE OPEN... MILE £551 £423 larnings per train-mile ... d. 18600 d. 178-00 Working-expenses per train-mile 132-72 145-14 IET EARNINGS PER TRAIN-MILE 5328 3286 'assengers, ordinary 12,760,814 15,315,640 leason tickets 400,621 464,691 1-oods tonnage 5,597,232 6,085,360 jive-stock tonnage 403,047 401,919 ?rain-mileage 7,408,608 9,303,392 jocomotives 616 608 'assenger-cars 1,492 1,492 Vagons and brake-vans ... 22,937 23,119