New Zealand Railways.

The cost of all lines opened and operated, including cost of complete equipment and cost of wharves and harbors in conjunction with railway system, together with cost of all lines unopened, surveyed, and partially constructed, is exhibited in the following statement for June 30, 1889:

Total cost of all lines opened and operated, including wharves and harbors in connection therewith, $74,375,935; total cost of lines unopened, surveyed, and partially constructed, $67,364,185; total cost of all lines opened and unopened, including wharves, etc., $141,740,120; total number of miles operated, 1,788; revenue derived monthly from above number of miles, $389,745; operating expenses per month, $263,300; excess of receipts over expenditure per month, $126,445; number of miles constructed during the year, 11; average cost per mile for all lines, $79,272.