D.—2.

STATEMENT No. 2. Income and Expenditure of the Whole Undertaking for the Year ended 31st March, 1938.

Net Revenue Account.

4

Year 1937-38. Year 1936-37. I Statement No.; -• — —— 1 . : ' ' ' Gross Revenue. Expenditure. Net Revenue. Gross Revenue. I Expenditure. I Net Revenue. I _ N I 1 £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Railway operation .. .. .. .. 3 7,591,824 10 10 7,291,785 1 7 300,039 9 3 6,903,604 0 3 6,338,383 5 3 565,218 15 0 Lake Wakatipu steamers .. .. .. 4 7,624 3 9 11,143 13 9 Dr. 3,519 10 0 7,111 17 6 10,855 0 0 Dr. 3,743 2 6 Refreshment service .. .. .. 5 142,786 2 6 140,936 17 3 1,849 5 3 103,351 0 4 101,124 11 11 2,226 8 5 Bookstall service .. .. .. .. 5a 76,719 6 10 73,231 18 10 3,487 8 0 54,417 5 2 51,245 6 11 3,171 18 3 Advertising service .. .. .. \ .. 6 37,396 14 4 32,626 17 10 4,769 16 6 34,535 111 31,150 11 5 3,384 10 6 Dwellings .. .. .. .. .. 7 130,683 6 7 183,182 8 7 Dr. 52,499 2 0 131,187 6 0 164,745 13 0 Dr. 33,558 7 0 Buildings occupied by refreshment service, book- 8 20,291 10 9 13,928 13 0 6,362 17 9 19,019 10 0 12,233 2 9 6,786 7 3 stall proprietors, &c. Road services .. .. .. .. 9 276,526 16 2 254,553 6 8 21,973 9 6 198,751 4 5 177,053 8 2 21,697 16 3 Miscellaneous revenue .. .. .. .. 350,333 3 0 .. 350,333 3 0 338,673 17 7 .. 338,673 17 7 8,634,185 14 9 8,001,388 17 6 .. 7,790,651 3 2 6,886,792 19 5 Total net revenue to Net Revenue Account.. .. .. .. 632,796 17 3 .. •• 903,858 3 9

Dr. 1937-38. 1936-37. 1 Cr. \ 1937-38. j 1936-37. J i ; I £ s. d. | £ s. d. £ s. d. £ s. d. Interest charges .. .. .. .. 2,335,807 11 1 2,309,754 6 4 Net earnings before charging interest on-capital .. 632,796 17 3 903,858 3 9 Reduction on account of interest charges, vide 1,703,010 13 10 1,405,896 2 7 section 14, Finance Act, 1930 (No. 2) — 2,335,807 11 1 2,309,754 6 4 £2,335,807 11 1 j 2,309,754 6 4