AocoitDiNCr lo tho Public Works .Slato movi, iliero are in tlio North Eslaiul ]4p miles of railway o]\v\\ for Iraillc, 18ii miles in course of construction, and G4 miles for which tlio contracts arc not yet tata. From these the total re ceipts, for tho year ending 1 30 th Juno last, wore £48,G«& 15s 50 ; cxpem i turo, £38,30? 8s o<l ; balance, £10,30;, fls lid. tn two inptsmcM the expendi ture luv excooded the receipt?, Jiainolj, on the Kaipara line hy .-SUO 1 7s Gd ; on the Waifava and Mew Plymouth line ] hy -£370 19s 9il. rho proposed ex penditure on railways for tho ennvnt year in the North Island, is x 6 16,000, of which £314,000 aro to bo expended on the Palca-Manavratu line. _ The tolal exjjenditurc on railways in the North Tsland, mulcr the Immigration and Public Works Act, up to P.Olli June last, was .£1,780,056 ; the balance of receipts over expenditure for the yoar ending with that dato is £10,303 Gs lid ; which represents an interest ot somewhat over J- per cent on tho cost of construction. Bather a " blue look nut " for the advocate ol financial separ ation. ,n/, n/ In ihe Middle Island thereto 404 miles of railway open for traffic ; 10.) iwilpsin course of eon^tmct^n ; and o.) miloa for which contract are not yet token. TJYom tlioso the receipts have boon as follows : Marlhorouoh and the WostCoast— Reccipls.-e7,lV'O 15s Hd; expenditure. -60,270 19s 2d ; M.iucc, <'899 10s 9d. I'Vom the Canterbury milwavs tho receipts for the yev.r end ing 3 fsu March last woro *-185,806 ; cxneiKJiliu-c, 124,513} balance,£6l,293. From the Otago lines the receipts lor the same period were £Q°>™.\™' penditure. £06,852 ; balance, £J.J,J3b. Tobil hnl-iwe from the Canterbury and Ot.oo lij.e'S .£85,231, which, mth tho balance from the Mavlborouch aud \\ est Coast lines, mab\-i a ww total for iho Middle Ldand of £5G,130 1 6s 9d. The total exjienditure on va.ilw.iys in the Middle l&hmd, up to 30th June last, was .C3 ) J-0°' ) 533; on whu*h the bcJance of " receipts from (he Canterbury and Ota',-0 lines represents an intcsef-t of over" 2-V per cent. Tlie proposed ex pendiuiro on the. Middle Island r.i-1 ways for th-a ouireot year is .-CS!J^,GOO ; totnl for tho two iKlands ;> £1,10-i,GOO. 