D.—2.

Revenue. The income in respect of railway operation under the main headings and the percentage under each heading to total income compared with the previous two years are as follow : —

The passenger earnings for the year have decreased by 10-88 per cent, as compared with the previous year, while the goods earnings have decreased by 8-50 per cent. The operating earnings per average mile open and per train-mile are as follow : — Per Average Per TrainMile open. mile. £ d. 1931 .. .. .. .. 2,053 144-26 1930 .. .. .. .. 2,274 149-21 1929 .. .. .. ..2.312 162-50 The railway operating receipts (exclusive of subsidiary services) from the North and South Island Main Lines and Branches shown separately are as follow : —

The operating earnings for the North and South Island Main Lines and Branches separately per average mile open and per train-mile are as follow :—

Expenditure. The total expenditure for the year ended 31st March, 1931, was £6,882,810, a decrease of £476,049 as compared with the previous year's figures. 1930-31. 1929-30. 1928-29. £ £ £ Expenditure on train operation .. 6,406,143 6,848,026 6,374,579 Subsidiary services .. .. 476,667 510,833 474,804 £6,882,810 £7,358,859 £6,849,383

X

—- 1931. Per Cent, of Operating Revenue. 1930. Per Cent, of Operating Revenue. 1929. Per Cent, of Operating Revenue. Passengers, ordinary Season tickets Parcels, luggage, and mails Goods Labour, demurrage, &c... £ 1,531,376 247,349 359,277 4,487,357 156,029 22-58 3-64 5*30 66-18 2-30 £ 1,733,512 262,415 386,792 4,904,324 186,950 23-19 3-51 5-18 65-62 2-50 £ 1,868,048 256,699 378,141 4,846,125 175,851 24-82 3-41 5-05 64-40 2-34 Totals 6,781,388 100-00 7,473,993 100-00 7,524,864 100-00

North Island Main Line and Branches. South Island Main Line and Branches. 1931. 1930. 1929. 1931. 1930. 1929. Passengers, ordinary Season tickets Parcels, luggage, and mails Goods Labour, demurrage, &c. £ 985,510 166,107 231,546 2,505,212 79,160 £ 1,110,392 174,781 249,955 2,685,577 91,493 £ 1,195,259 171,034 241,009 2,721,384 93,300 £ 530,796 77,327 119.577 1,818,372 66,835 £ 602,190 83.430 128,359 2,026,066 80,263 £ 644,118 81,478 128,486 1.938,634 69,389 Totals 3,967,535 4,312,198 4,421,986 2,612,907 2,920,308 2,862,105

Year. North Island Main Line and Branches. South Island Main Line and Branches. Per Average Mile open. Per Train-mile. Per Average Mile open. Per Train-mile. 1931 1930 .. 1929 .. £ 2,776 3,052 3,202 d. 140-69 144-53 158-27 £ 1,606 1,794 1,760 d. 147-87 154-23 167-72