D.—2.

STATEMENT No. 14. Expenditure on Construction of Railways, Rolling-stock, etc., to 31st March, 1938; Net Revenue and Rate of Interest earned on Capital expended on Opened Lines for Year ended same Date.

Note. —The amount stated in this return as the cost of construction of opened lines includes the Provincial and General Government expenditure on railways. It also includes the Midland Railway and expenditure by the Greymouth and Westport Harbour Boards on railways and wharves under the provisions of section 7 of the Railways Authorization Act, 1885, the information regarding the last-mentioned being furnished by the respective Boards. The rate of interest earned has been computed on the average capital.

14

Opened Lines. Section of Railway. U Lines Revenue Interest Lines and Rolling- Tnt , Lines - Revenue. eamed Works. stock. lotai. , ■ . I | | 1 I £ £ £ £ £ £ a. d. Kaihu .. .. .. .. .. 159,654 586 160.240 .. -3,641 Gisborne' !! !! !! !! 767 ,*219 !! !! 1,995,855 North Island Main Line and Branches .. 28,992,474 4,348,381 33,340,855 .. 310,748 0 19 0 2,719,315 South Island Main Line and Branches .. 15,980,042 2,510,705 18,490,747 .. —3,987 695,990 Westport .. .. .. .. 312,597 45,054 357,651 .. 16,156 4 10 8 798 352 Nelson.. !! !" !! .! -li,172 !! „ .. .. .. .. .. .. .. 254,915 Picton .. .. .. .. .. 564,480 16,566 581,046 .. -4,763 „ .. .. .. .. .. .. .. .. 599,786 47,252,866 6,952,630 54,205,496 .. 300,040 0 11 3 7,064,213 Lake Wakatipu steamer service .. .. 17,645 .. 17,645 .. —3,520 Subsidiary services, &c. .. .. .. 1,832,150 .. 1,832,150 .. 336,277 In suspense— Surveys, North Island .. .. .. .. .. .. 31,235 Surveys, South Island .. .. .. .. .. .. 5,763 General .. .. .. .. 9,896 .. 9,896 10,337 P.W.D. stock of permanent-way .. .. .. .. 12,525 49,112,557 6,952,630 56,065,187 7,124,073 632,797 1 3 0 Total cost of opened and unopened lines at .. .. 63,189,260 31st March, 1938