D~2

STATEMENT No. 2 Income and Expenditure of the Whole Undertaking for the Year ended 31st March, 1949

Net Revenue Account

15

Statement Year 1948-49. Year 1947-48. No. Gross Revenue. Expenditure. Net Revenue. Gross Revenue. Expenditure. Net Revenue. Railway operation Lake Wakatipu steamers Refreshment service Bookstall service Advertising service Dwellings Buildings occupied by subsidiary services Road motor services Miscellaneous revenue .. .. , 3 4 5 5a 6 • 7 8 9 £ 15,338,882 13,630 335,240 247,308 59,673 172,084 56,700 1,910,251 463,960 £ 16,788,256 18,593 355; 535 242,917 45,762 319,349 47,267 1,882,915 £ Dr. 1,449, 374 Dr. 4,963 Dr. 20,295 4,391 13,911 Dr. 147,265 9,433 27,336 463,960 £ 13,964,280 12,996 325,002 238.785 54,911 167,582 59,744 1,741,786 505.786 £ 15,090,091 16,461 331,666 236,904 40,748 281,318 47,204 1,666,505 £ Dr.1,125, 811 Dr. 3,465 Dr. 6,664 1,881 14,163 Dr. 113,736 12,540 75,281 505,786 18,597,728 19,700,594 17,070,872 17,710,897 Total net loss to Net Revenue Account 1,102,866 640,025

Dr. 1948-49. 1917-48. Cr. 1948-49. 1947-48. Net loss before charging interest on capital Interest charges £ 1,102,866 2,710,318 £ 640,025 3,030,033 Receipt from vote " Stabilization " .. Reduction on account of interest charges, bide, section 14, Finance Act, 1930 (No. 2) £ 1,102,866 2,710,318 £ 640,025 3,030,033 3,813,184 3,670,058 3,813,184 3,670,058