2—D. 2

D.—2

STATEMENT No. 2. Income and Expenditure of the Whole Undertaking for the Year ended 31st March, 1942.

Net Revenue Account.

9

j Year 1941-42. Year 1940-41. ; Statement No. ! ' ~~ j | 1 Gross Revenue. Expenditure. Net Revenue. Gross Revenue. Expenditure. .Net Revenue. ! I 'I ' £ £ 1 £ £ £ £ Railway operation .. .. .. .. 3 10,383,880 8,902,592 1,481,288 9,694,190 8,406,790 1.287,400 Lake Wakatipu steamers .. .. .. 9a 7,153 11,351 Dr. 4,198 j 7,108 10,898 Dr. ' 3,789 Refreshment service .. .. .. .. 9a 251,043 228,277 22,766 221,424 208,208 13,216 Bookstall service .. .. .. .. 9a 140,864 132,160 8,704 I 123,680 117,075 6,606 Advertising service .. .. .. .. 9a 27,742 24,914 2,828 31,209 28 245 2 964 Dwellings .. .. .. .. .. 9a 147,389 220,404 Dr. 73,015 145,178 195,165 Dr. 49,987 Buildings occupied by refreshment service, book- 9a 38,533 27,913 10,620 35,732 27.736 7,996 stall-proprietors,. &e. Road motor services .. .. .. 9a 551,153 508,423 42,730 503,304 471,458 31,845 Miscellaneous revenue .. .. .. .. 390,581 .. 390,581 398,393 .. 398,393 11,938,338 10,056,034 .. 11,160,218 9,465,575 Total net revenue to Net Revenue Account .. .. .. .. 1,882,304 .. .. 1,694,644

Dr. 1941-42. 1940-41. Cr. 1941-42. 1940-41. I _ £ £ £ £ Interest charges .. .. .. 2,756,146 2,746,544 Net earnings before charging interest on capital .. 1,882,304 1,694,644 Reduction on account of interest charges, vide 873,842 1,051,900 section 14, Finance Act, 1930 (No. 2) 2,756,146 ' 2,746,544 j 2,756,146 2,746,544 ' i ;