D.—2

STATEMENT No. 2 Income and Expenditure of the Whole Undertaking for the Year ended 31st March, 1943

Net Revenue Account

10

Dr. 1942-43. | 1941-42. I Cr. j 1942-43. | 1941-42. [ ; ■ I I £ £ £ £ Interest charges .. .. .. .. 2,622,713 2,756,146 Net earnings before charging interest on capital .. 2,826,580 1,882,304 Balance carried down .. .. .. .. 203,867 .. Reduction on account of interest charges, vide .. 873,842 section 14, Finance Act, 1930 (No. 2) 2,826,580 2,756,146 2,826,580 2,756,146 Balance brought down .. .. .. .. 203,867

Year 1942-43. Year 1941-42. | Statement .1 2fo. { I Gross Revenue. Expenditure. Net Revenue. Gross Revenue. Expenditure. I -Net Revenue. i ! . I ! 1 £ £ £ £ £ £ Railway operation .. .. .. .. 3 12,415,080 10,019,659 2,395,421 10,383,880 8,902,592 1,481,288 Lake Wakatipu steamers .. .. .. 9a 8,892 13,384 Dr. 4,492 7,153 11,351 Dr. 4,198 Refreshment service .. .. .. 9a 363,509 318,462 45,047 251,043 228,277 22,766 Bookstall service .. .. .. .. 9a 184,866 178,427 6,439 140,864 132,160 8,704 Advertising service .. .. .. .. 9a 27,637 25,679 1,958 27,742 24,914 2,828 Dwellings .. .. .. .. .. 9a 153,610 212,822 Dr. 59,212 147,389 220,404 Dr. 73,015 Buildings occupied by refreshment service, book- 9a 43,271 27,055 16,216 38,533 27,913 10,620 stall proprietors, &c. Road motor services .. .. .. 9a 554,979 506,925 48,054 551,153 508,423 42,730 Miscellaneous revenue .. .. .. .. 377,149 j .. 377,149 390,581 .. 390,581 14,128,993 11,302,413 .. 11,938,338 10,056,034 Total net revenue to Net Revenue Account.. .. .. .. 2,826,580 .. •• 1,882,304