r>.—2.

STATEMENT No. 11. Statement of Losses on Developmental Branch Lines from 28th February, 1937, to 5th March, 1938, and Isolated Sections from 1st April, 1937, to 31st March, 1938.

STATEMENT No. 12. Statement of Cash Receipts and Payments.—Working Railways Account. Receipts. £ s. d. Payments. £ s. d. Balance brought forward .. .. .. 673,352 6 9 Investments, Sick Benefit Fund .. .. 4,900 0 0 Revenue receipts .. .. .. 8,750,798 15 7 Wages and vouchers .. .. .. 9,395,846 15 6 " Credits-in-aid " (Working Railways expen- Refunds to Harbour Boards, shipping comditure) .. .. .. .. 1, 432,122 4 6 panies, and other carriers .. .. 428,596 811 Contributions to Sick Benefit Fund .. 32,038 16 11 Interest on capital .. .. .. 632,796 17 3 Interest on investments .. .. .. 21,853 18 10 Payments from Sick Benefit Fund .. .. 25,114 1 10 Investments realized .. .. .. 337,940 0 0 Balance as per general balance-sheet .. 760,851 19 1 £11,248,106 2 7 £11,248,106 2 7 Reconciliation Statement. £ s. d. Credit balance in Working Railways Account as per Treasury figures .. .. 630,239 3 9 Add— Imprests outstanding .. .. .. .. .. .. ~ 130 079 12 5 Cash in transit .. .. .. .. .. .. .. ~ 533 211 Balance as per above statement .. .. .. .. .. .. £760,851 19 1

12

Average per Mile of Line operated. Branch Mileage Loss oil Feeder Total Net ga j § g B h - °P erated - Workto B. Value. Loss. |g § 3 || |g g J* « £ P r? a -S 00 I <11 g l _lt fl £ £ £ £ £££££££ Kaikohe .. .. .. .. 25 7,874 2,869 5,005 19,402 272 115 387 587 576 776 Kirikopuni .. .. .. 14 7,142 1,463 5,679 50,052 250 105 355 760 3,170 3,575 Waiuku .. .. .. .. 13 5,662 1,600 4,062 12,462 562 123 685 998 646 959 Taneatua .. .. .. .. Ill 47,022 11,291 35,731 148,479 774 102 876 1,198 1,016 1,338 Opunake .. .. .. .. 23 4,607 2,139 2,468 20,448 300 93 393 501 782 889 Greytown .. .. .. .. 3 2,638 510 2,128 2,565 120 170 290 999 146 855 North Island totals .. .. 189 74,945 19,872 55,073 253,408 586 105 691 983 1,049 1,341 Eyreton-Oxford .. .. .. 43 4,503 56 4,4-47 8,386 115 1 116 220 92 195 Cheviot .. .. .. .. 44 2,835 245 2,590 17,334 573 6 579 638 335 394 Little River .. .. .. 23 4,875 24 4,851 9,435 360 1 361 572 199 410 Southbridge .. .. .. 26 1,173* 97 1,270* 2,410 712 4 716 667 142 93 Whitecliffs .. .. .. .. 12 1,487 75 1,412 2,061 209 6 215 333 54 172 Methven .. .. .. .. 23 2,515 217 2,298 5,822 449 9 458 558 153 253 Springburn.. .. .. .. 28 2,884 58 2,826 5,187 136 2 138 239 84 185 Fairlie .. .. .. .. 36 103* 132 235* 5,553 422 4 426 419 161 154 Waimate .. .. .. .. 13 5,241 160 5,081 7,067 216 12 228 619 153 544 Kurow .. .. .. .. 37 6,027 93 5,934 9,788 219 3 222 382 104 265 Ngapara .. .. .. .. 15 702 78 624 4,095 382 5 387 429 231 273 Waihemo .. .. .. .. 9 292 102 190 1,487 260 11 271 292 144 165 Otago Central .. .. .. 147 25,390 235 25,155 87,422 770 2 772 943 424 595 Outram .. .. .. .. 9 1,983 26 1,957 3,487 130 3 133 350 170 387 Roxburgh .. .. .. .. 61 16,133 126 16,007 45,933 241 2 243 505 491 753 Catlins River .. .. .. 43 2,556 253 2,303 21,745 362 6 368 421 452 506 Tapanui .. .. .. .. 27 3,889 146 3,743 8,665 251 5 256 395 182 321 Waikaka .. .. .. .. 13 2,395 51 2,344 5,124 125 4 129 309 214 394 Switzers .. .. .. .. 14 52 1,106 4,151 109 4 113 192 218 297 Wyndham .. .. .. .. 4 850 65 785 1,386 215 17 232 428 150 347 Seaward Bush .. .. .. 34 5,526 79 5,447 12,648 242 2 244 405 212 372 Orawia .. .. .. .. 9 1,331 32 1,299 5,717 81 4 85 229 492 635 Forest Hill .. .. .. 13 1,604 78 1,526 2,413 151 6 157 274 68 186 Mararoa .. .. .. .. 12 294 58 236 1,229 110 5 115 135 83 102 South Island totals .. .. 695 93,194 2,538 90,656 278,545 396 4 400 530 270 401 Total both Islands .. .. 884 168,139 22,410 145,729 531,953 437 25 462 627 437 602 Isolated Sections. JCaihu .. .. .. .. 24 3,237 .. 3,237 10,117 .. .. 208 356 287 422 Gisbornc .. .. .. .. 60 3,122 .. 3,122 36,240 422 474 552 6C4 Nelson .. .. .. .. 64 10,988 .. 10,988 32,777 .. .. 203 372 340 512 Picton .. .. .. .. 56 3,724 .. 3,724 28,424 .. .. 639 706 441 508 Total .. .. .. 204 21,071 .. 21,071 107,558 .. 389 492 424 527 Grand total .. .. 1,088 189,210 22,410 166,800 639,511 * I ndicates profit.